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Free Trade Finance 2018 Awards submissions open

It’s that time of year again. Please read below for details of Trade Finance’s 2018 awards submissions process. For any further information, contact Joe Kavanagh at or +44 20 7779 8072

EDC issues $1.25bn of 2.5% notes

Export Development Canada (EDC) is set to issue $1.25 billion of five-year notes carrying a coupon of 2.500%.

Sasol’s Mozambique CTRG refi closes

Johannesburg-based Sasol has closed on $189 million in debt to leverage up its Central Térmica de Ressano Garcia gas-fired project in Mozambique

Neon boosts political and credit risk team

Insurance firm Neon has expanded its political and credit risk team with hires across underwriting and credit analysis.

Banks safe from tech giants in the short term: S&P

Banks face competition from the world’s largest tech firms but only in the long term, according to an industry outlook published by ratings agency S&P.

RAPID term sheet sent to ECAs

The term sheet for the $7 billion project financing package for Petronas and Aramco’s $16 billion refinery and petrochemical integrated development (RAPID) project in Malaysia has been sent out

Traydstream opens Indian office

UK fintech firm Traydstream has opened a new office in India, according to an announcement by the company.

Falcon Group hires BFS CEO to lead Europe growth

Alternative finance provider Falcon Group has hired Steve Box, the former CEO of Europe, North America and Asia at Bibby Financial Services (BFS), as its head of business development for the UK and Europe.

Naftogaz names head of supervisory board

Ukrainian state-owned oil and gas firm Naftogaz has named Clare Spottiswoode as the chair of its supervisory board.

Trafigura launches $4.5bn European RCF

Trafigura has launched a $4.5 billion revolving credit facility, with a bank meeting to be held this week in London.

Ex-Im’s general counsel joins Squire Patton Boggs

Angela Mariana Freyre, the SVP and general counsel at US Ex-Im who stepped down in September 2017, has joined law firm Squire Patton Boggs’ financial services practice.

IFC makes Friedeburg COO

The IFC has appointed Stephanie von Friedeburg as COO. The newly created position will see Friedeberg leading and coordinating all IFC operations including investment and advisory.

Oman’s PDO invites solar IPP EOIs

Petroleum Development Oman has invited EOIs for developing a 100MW solar PV IPP at Amin, with an RFP to follow later this month.