Latest News

Rio Tinto signs $7.5bn RCF

The loan will provide the miner with sufficient working capital to continue increasing production.

Afreximbank closes $525m loan syndication

The loan will be used by the Egyptian Electricity Company to import gas turbines and other related equipment from General Electric.

UniCredit appoints UK-based head of GTB

Stein will be responsible for building the bank’s UK-based trade finance operations as well as enhancing cash management operations.

Nemak closes $300m term loan

Nemak mandated five banks and Canada’s export credit agency, Export Development Canada as joint lead arrangers.

Nexi backs $100m ING loan to Argentine grain exporter

It is the first time that Nexi has provided insurance for a loan to Argentina's agriculture industry. It will go towards exporting grain, soybeans and corn to Japan.

Emirates Global Aluminium launches $4.9bn syndication

The financing will go towards the operation and any future developments of aluminium smelters in Abu Dhabi and the building of a cogeneration power plant by Spain's Abengoa.

China looks to strengthen bilateral ties with CEE

To facilitate bilateral investment, China is considering setting up a $3 billion investment fund and has proposed to establish a "16+1" multilateral financial firm to expand financing channels and reduce financing cost.

US Ex-Im reauthorisation delayed

Expectations are that the bank will now be reauthorised as part of a transportation bill by December 4.

Gunvor closes $1.36bn oversubscribed RCF

The proceeds of the loan will support Gunvor's global growth strategy, which consists of geographic expansion, product diversification and investments.

Transnet secures R12bn loan for locomotives

This locomotive fleet acquisition programme is the single largest item of Transnet’s infrastructure investment programme, according to the statement.

EXIAR and Gazprombank finance agricultural exports

Under the agreement, EXIAR insured Gazprombank’s loan of approximately $150 million, issued to finance agricultural exports by Russian agricultural company, the Sodrugestvo Group.

Sterling Bank secures $40m from Turk Eximbank

The agreement will increase the ease of finance for Turkish business members in Nigeria, in addition to Nigerian businesses who collaborate with Turkey.