The deal – effectively three co-joined financings for three 4800MW gas-fired power plants – is part of the biggest single order in Siemen’s history
The Trade Finance Awards celebrate the best in class in trade, export and commodity finance over the past year, recognising the companies that played vital roles in those transactions.
Trade finance fees continue to take a hammering – too few opportunities for too many lenders in a global market hit by plunging commodities prices and export demand. But the downturn has also increased demand for default risk cover and hedging against cross-border commercial contracts. Trade is down – but not out.
A fall in commodity prices, political instability and corruption allegations have cast a pall over Latin America and banks are increasingly wary of lending to the fragile continent. Export credit agencies must step up to fill the lending void.
The whole commodity spectrum has suffered a severe blow over the past year, made worse by China’s economic slowdown and the tightening of monetary policy by the US Federal Reserve.
Whether synthetic or true sale – there are a number of regulatory incentives for banks to securitise more of their trade finance books. But creating structures that will generate capital relief and keep regulators happy is a struggle.
The global coal mining sector has taken a thumping on pricing and now the OECD is adding to its woes with a series of new rules on member state’s ECAs financial support for coal-fired power.
European ECAs have immediately responded to the lifting of sanctions on ECAs. But inconsistencies between the US and Europe, on which entities remain blacklisted, may make international trade finance banks shy away from anything other than big-ticket deals where in-house due diligence is economically viable.
Three months into Mauricio Macri’s presidency in Argentina there are already significant signs of change that could allow for one of the world’s most underperforming economies to redress some of its greatest issues and re-enter the global marketplace in force.
Trade Finance Analytics’ inaugural full year 2015 league tables highlight that despite a tough year for many trade finance sectors – particularly commodities – more than...
The market for political risk insurance is swinging away from scandal-ridden Brazil and opening up opportunities in new countries, while also creating a favourable environment for lenders.
Germany’s export sector has been historically considered one of the largest and most successful in the world. In the aftermath of the global economic crisis and in the midst of a slowdown in China and reduced prices for many commodities, Merle Crichton, Reporter, takes a look at how the country can remain on top.
A number of big deals within commodity and export finance have signed in the region this year. Projects are also continuing, with Iraq set to present a wealth of opportunities.
A number of sanctions on Iran look set to be lifted following a nuclear agreement. Financial institutions could capitalise on the deal.
In from the cold: Russian borrowers enter global syndicated loans market. Metalloinvest joined Uralkali as the second Russian borrower to enter the international syndicated loans market this year.
Will the oil industry slump spill over into a crisis? Investors have been spooked by the tumbling price of oil. Jason Torquato, Senior Reporter, looks at how companies have been hit and what they can do to weather the storm.
Mexico is proving to be a big draw for manufacturing operations. Some of the largest companies in the world are heading to Mexico instead of Asia with billions of dollars of investment.
Analysis: Trade-finance bankers exhibit calm amid Greek storm
Analysis: Commodities finance goes back to basics