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Sonangol closes $1bn five-year loan

The pace of syndication was slowed by the weak outlook for the oil and gas sector - oil prices have dropped 70% over the last 18 months and are in sight of 13-year lows - and Angola’s credit rating which was dropped to BB- mid-2015.

Rockwell Collins signs $200m RCF

Rockwell Collins will put the funds to capital expenditures, which it pegged at $200 million for 2016.

Sace guaranteeing Maglital loan

Maglital - which sells accessories and clothing under the brand Cruciani - is planning a €21 million international expansion, opening 20 stores and 100 franchising points worldwide, with a focus on China and Turkey.

African trade DFIs out for new fundraising

A number of African trade finance DFIs are either out to the bank market, or expected to come to market in the coming months, for fundraising and refinancing of on-lending facilities.

FIMbank announces new COO

The announcement follows on from FIMbank's recent appointment of a head of treasury.

ITFC opens Dubai branch

The focus of the new office will be to promote intra-trade among the Organisation of the Islamic Cooperation (OIC) member countries

Bladex to sign $266m loan

MUFG has been appointed sole bookrunner for the loan.

Opic and Atradius sign cooperation agreement

The Dutch export credit agency and Opic will cooperate to increase insurance for private investors in the renewable energy, agribusiness and water sectors in emerging economies.

Arctic Aviation raises pre-delivery financing

Financial details are sketchy - all Frode Foss, CFO of Norwegian, will offer up is that the syndicated revolving credit is a “milestone in Norwegian’s ongoing program for financing direct-buy aircraft”.

ASA struggling to meet credit obligations

The company has been hit by poor prices for ferro-chrome and chrome ore, particularly the sharp declines seen since November 2015.

Bharat wins Maitree power with India Exim backing

Bharat tendered the lowest bid for the scheme, beating offers from a consortium of Marubeni Corporation and Larsen & Toubro; and Harbin Electric International Company, Alstom and Jiangsu Etern Company.