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12 February 2016

WindMW mandates Deutsche Bank for Meerwind refinancing

WindMW, owner of the Meerwind offshore wind park, mandated Deutsche Bank in December 2015 to refinance a series of loans and bonds on the 288MW Meerwind Sud/Ost...

12 February 2016

Maersk suffers on the back of slower global trade

Maersk, the world’s largest container shipping company, has stated that business conditions are markedly worse than during the 2008 financial crisis as the...

12 February 2016

JCPS issues $1.2bn bond to fund sugar crop

Jamaica Cane Product Sales Limited (JCPS), owner of the Jamaica Gold brand and a marketer of raw bulk sugar, has issued a  $1.2 billion privately-placed bond to...

12 February 2016

Concord Resources signs $250m loan from Goldman subsidiary

New metal trader Concord Resources has signed a $250m one-year credit line from J Aron, Goldman Sachs’s commodity lending arm. Concord, which is based in...

11 February 2016

20 years in the making: factoring’s long-awaited union

At the beginning of the 2016, Factors Chain International (FCI) and International Factors Group (IFG) merged to form the world’s largest factoring network. The...

11 February 2016

Kongsberg selects GTC's multi-bank trade finance platform and SWIFT

US software developer GlobalTrade Corporation (GTC) has announced that Kongsberg Gruppen - a Norwegian tech firm that develops advanced systems and technologies...

11 February 2016

India Ex-Im to raise $300 million through panda bonds

The Export-Import Bank of India (India Ex-Im) plans to raise $300 million from Chinese financial markets through panda bonds to finance demand for credit. The bank is...

11 February 2016

Waitrose boss Mark Price is new Foreign Office trade minister

Mark Price, the outgoing boss of Waitrose, will become Britain's new Foreign Office trade minister. His role will see him oversee UK Export Finance, Britain's...

11 February 2016

US expresses fears over Indian smart cities project

India's ambitious plan to build 100 smart cities faces the challenges of local content requirements on goods and services, and financing, according to the US. A...

11 February 2016

MFC Industrial buys trade finance bank Bawag

MFC Industrial, a Canadian global trade finance and supply chain company, has bought Bawag Malta Bank in a €90.8 million deal. The bank, bought from Bawag PSK of...

11 February 2016

SACE backs textile group amid global expansion

SACE, the Italian export credit agency, has provided an €8 million guarantee to the country's Maglital, a textile manufacturer. Maglital is planning a...

11 February 2016

Afreximbank and NEXIM to help Nigeria's cocoa sector

The African Export-Import Bank (Afreximbank) and the Nigerian Export-Import Bank (NEXIM) are joining forces to help revive Nigeria's cocoa sector via an...

11 February 2016

DS-Concept helps Pakistan sports company's exports

DS-Concept, a global commercial finance company, has provided a $1 million export accounts receivable facility to a sporting goods and accessories manufacturer in...

11 February 2016

Manufacturers battling supply chain disruption

A study of manufacturing executives by GT Nexus, a cloud-based global commerce platform, found 40% had faced supply chain disruption in the past year. But only 24%...

10 February 2016

Agency lenders – both sides now

This two-part series examines the positive and negative aspects of working with agency lenders or agencies. ‘Agency lender’ is a name given to a group of...

10 February 2016

Australian nickel miners face pressure to slow production

Nickel miners in Australia - including Glencore and BHP Billiton - are under increasing pressure to slow production, with investors eyeing key announcements in coming...

10 February 2016

UK goods trade gap hits record high

The UK's goods trade gap with the rest of the world widened by £1.9 billion to a record high of £125 billion in 2015, official figures show. But the...

10 February 2016

World Bank Group names new executive director

Choi Hee-nam has been appointed executive director of the World Bank Group. He replaces Eun Sung-soo, who resigned the position to be the chief executive officer of...

10 February 2016

Cost of setting up Ghana Ex-Im bank is revealed

A total of GH¢48.9 million ($12.5 million) is required to set up and run the proposed Ghana Export-Import Bank (Ghana Ex-Im) in the first 12 months of its...

10 February 2016

Glencore close to refinancing $8.45bn loan

Swiss-based commodity trader Glencore is expected to soon wrap up senior syndication of a one-year revolving credit that refinances existing debt. Glencore is...