Latest News

Turkish trade fundraisings taking a margin and volume hit

The first signs of a tangible pricing hit on Turkish bank trade finance borrowings since the attempted coup in July are beginning to show, with lenders arguing for margin flex clauses to offset the risk of Turkish borrowers being downgraded.

UKEF guarantees £1.2m short term debt for Sphere Global

The UKEF cover negates the need for the borrower to put up the cash collateral ordinarily required by a bank to issue a performance bond, thereby freeing up cashflow for the borrower.

Monjasa signs $80m credit facility for oil trading

By seizing control of the oil products and logistics at an early stage, Monjasa is increasing the reliability and efficiency of its global supply of maritime fuels.

Free Altech increases debt and ECA cover targets for HPA project

Altech Chemicals has received a summary of senior facility agreement terms and conditions from KfW IPEX-Bank for its proposed Malaysia-based high-purity alumina (HPA) project.

Sace guarantees €1m SME credit line for Gambini

The deal represents the new initiative of the “2i per I’Impresa” programme of CDP, Sace and EIF (part of the EIB Group), which aims to provide Italian SMEs with resources from the Juncker Plan to support internationalisation and innovation.

Coral FLNG DFI/ECA-backed financing launch nears

Given recent unconfirmed reports of the sale of a stake in the project to Exxon Mobil, the financing looks set to launch, along with a final investment decision (FID) by the project’s sponsors (Eni (50%) China National Petroleum Corporation (20%), Empresa Nacional de Hidrocarbonetos (10%), Kogas (10%) and Galp Energia (10%)), by year-end at the latest.

JNPT raises $400m for port link-roads upgrade project

The upgrade involves 6/8 laning of the NH-4B, SH-54 and Amra Marg roads and is expected to enable JNPT to double its existing container capacity to 9.85 Million TEUs annually.

Free Efic's SME export scheme taking off

The Small Business Export Loan, launched by Efic in April, offers a new unsecured debt lending for SMEs.

Free Enablence ups EDC loan facility

Funds will be used to provide additional working capital to fulfil customer orders in its growing optical subassembly business.