Russia and the European Union (EU) “need and rely on” each other. They need to “stay connected in dialogue” in order to remain competitive.
The deal has participation from more than 10 banks, meaning the deal value at close is likely to be above €500 million.
The development bank’s loan will be covered by the German export credit agency.
The funds will be used to provide Vicentin with the extra working capital it needs to export oilseed, oil and sub products.
The loan has been signed with Germany’s KfW Ipex Bank and has a corresponding guarantee from the Polish export credit agency, Kuke.
Panellists discussing the topic suggested that there is an appetite for smaller export deals, however, barriers including expense, regulation and compliance can make these deals less appealing for banks.
The loan is being provided by Japan’s export credit agency and two banks.
The agency will also provide a grant to finance knowledge exchange between Eskom and EDF.
The facility, structured as a guarantee fund, will cover risk for providers of trade credit in financial institutions of Commonwealth countries.
Hudson will be responsible for developing ACE’s global trade credit insurance business.
The deal will refinance an existing $955 million facility signed by Trafigura last year.
The involvement of Korea’s export credit agency on the project is also being discussed.
The president called for a tripartite agreement between the IDB group, Turkey and other IDB member countries.
The purpose of the MoU is to formalise a commitment of long-term strategic partnership between the two parties in the fields of cross-border funding, bilateral loans, investments and trade.
The deal is structured with US dollar and Japanese Yen tranches.
The bank made to the decision to shift operations as part of restructuring, which has been taking place since July.
The funding will help the metals trader to invest in new mining projects to replace existing mature mines.
The loan will provide the miner with sufficient working capital to continue increasing production.
The loan will be used by the Egyptian Electricity Company to import gas turbines and other related equipment from General Electric.
Stein will be responsible for building the bank’s UK-based trade finance operations as well as enhancing cash management operations.