ING Bank AS (Turkey) has raised a dual-currency syndicated $309 million trade finance loan ahead of this year’s second round of Turkish refinancings, expected to take place in September this year. Closed on 2 August, the 367-day facility comprises a €190 million tranche priced at 240bp...
Africa pays a premium for its debt that in many instances it should not. Why the onerous debt costs? And what can be done about it without major systemic change?
ECAs, DFIs and banks to Madagascar’s Ambatovy nickel mine project financing are facing a wipe out of $1.66 billion loans under a new shareholder restructuring proposal. Though...
New asset classes are emerging as ECAs get smarter in how they extend to support, from EV gigafactories to mining deals. And developing markets are slowly becoming higher on the financing agenda.
Africa pays a premium for its debt that in many instances it should not. Why the onerous debt costs? And what can be done about it without major systemic change?
ECAs, DFIs and banks to Madagascar’s Ambatovy nickel mine project financing are facing a wipe out of $1.66 billion loans under a new shareholder restructuring proposal. Though some of the owed debt could be recovered – if lenders stump up new cash.
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