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Cocobod annual PXF syndication launched

The syndication for Ghana Cocoa Board’s (Cocobod) $1.3 billion annual pre-export receivables-backed trade finance facility has begun

Afreximbank approves $200m facility for Egyptian SMEs

The African Export-Import Bank (Afreximbank) has approved a $200 million industrialisation liquidity facility to Egypt’s Banque Misr for the financing of small and medium-sized enterprises (SMEs).

Close nears on JBIC-backed Kalselteng 2 coal-fired

PLN and Itochu are aiming to reach financial close on the engineering, procurement and construction (EPC) contract for the 2x100MW sub-critical Kalselteng 2 coal-fired power plant in South Kallimantan within three to four weeks

Gunvor Singapore tightens pricing on RCF refi

Gunvor Singapore has closed its annual revolver refinancing at $1.129 billion, having sought to raise about $800 million when it launched in April, reports sister publication Global Capital.

Bibby Financial Services names two UK managers

Bibby Financial Services (BFS), the UK finance providers for SMEs, has named Sean Flannery and Ronnie Stokes as corporate managers in the north of England and Scotland respectively.

Yamama Cement boosts sharia-compliant facilities

Saudia Arabian Yamama Cement Company has increased and extended its sharia-compliant credit facilities from SR1 billion ($267 million) to SR3.6 billion ($960 million).

JBIC approves export loan for Indonesia Kalselteng 2 coal-fired

Japan Bank for International Cooperation (JBIC) has signed off an export loan to Indonesian state utility PLN to fund the purchase of equipment to set up the 2x100MW Kalselteng 2 coal-fired power plant in South Kallimantan

UKEF supports $19m of aircraft engine upgrades

UK Export Finance (UKEF) is guaranteeing an $18.7 million loan for engine upgrades to be carried out by GE Aviation in Prestwick, Scotland.

Greensill makes Australia hire

Greensill Capital, the supply chain finance specialist, has named Kevin Dineen as a new VP of origination, based in Melbourne.

Afreximbank president re-elected to FCI board

The President of the African Export-Import Bank (Afreximbank), Benedict Oramah, has been re-elected to the board of FCI, the representative body for factoring and receivables finance companies.

EBRD and FMO to back FRV’s Jordan solar

The European Bank for Reconstruction and Development (EBRD) and FMO are considering providing debt of up to $70 million for another of Fotowatio Renewable Ventures’ (FRV) solar projects in Jordan. FRV acquired the project from Saudi Oger

EBRD to finance Egyptian railway renewal

The European Bank for Reconstruction and Development (EBRD) has inked a €290 million ($324 million) financing agreement with Egyptian National Railways (ENR).