Royal Bank of Canada and Toronto Branch of China Construction Bank Corp. will serve as the fronting banks.
At least $150 million of the facility will support power transactions as part of President Obama’s Power Africa initiative, with up to $100 million available for other strategic infrastructure projects beyond the power sector.
Colombian national infrastructure agency ANI has approved financing plans for three 4G toll road projects, citing letters of credit from local and foreign lenders and DFIs.
The increase in cost of bank borrowing will hit Turkish trade finance borrowers, particularly as higher dollar costs get passed on.
The projects have a total value of approximately $4 billion and will be implemented over the next four years.
Lemoine joins from Citigroup, where he served as trade head for France for the past 11 years.
Given Moody's has just downgraded Yapi to Ba1 from Baa3 on the back of a recent Turkish sovereign downgrade to speculative, the latest Yapi deal is likely to feature the same margin ratchet linked to ratings that other recent Turkish trade borrowings have employed.
Deutsche Bank and ING Bank acted as joint lead arrangers and joint bookrunners.
The project benefits from a 20-year offtake agreement with Senelec.
Kamel has been with the bank for 21 years, serving most recently as director of banking operations.
The funding complements a $1.25 billion syndicated facility signed in 2012 with a consortium of 18 Egyptian banks.
OPIC signed the deal on 21 September 2016 following board approval in June.
Broom joins the team from his position as head of sales and relationship management for BNY Mellon.
The deal may be upped to $300 million-plus following strong bank appetite.
The Mafraq plant is the first PV solar plant to be financed out of the four planned under the Jordan government’s second round of solar PV projects.
In his new role, Desserre will directly oversee four business lines: corporate cash management, cash clearing/corresponding banking, trade finance and factoring.
In his new role, van de Wall will assist business growth across the US, Canada and Latin America.
Marsh will provide reinsurance services to EKF’s private and public debtors on medium- and long-term commercial and political risks.
Pang and Lee join the financial solutions division in Asia.
The debt would be used as export support for six Westinghouse Electric AP1000 nuclear reactors.