Latest News

Bladex to sign $266m loan

MUFG has been appointed the sole bookrunner for the loan.

Opic and Atradius sign cooperation agreement

As a result, 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.

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.

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.

EIB to part fund TANAP project

The loan is expected to be approved in late April and the first tranche allocated in August.

ICBC signs EDC loan for Bombardier aircraft

ICBC Financial Leasing will buy the Bombardier aircraft with EDC financing to lease to Chinese airlines.

EBRD grants $2.1m to Turkmen transport company

Avtotrans has plans to tap into the international transportation market and is looking at export and import opportunities with industrial producers in Belarus, Turkey, Afghanistan, China and Ukraine.

Bear Head LNG receives non-FTA export approval

The LNG Ltd subsidiary is the first and only proposed Canadian LNG export facility to receive both the non-FTA authority from the DOE and all the initial regulatory approvals to commence project construction.

Afreximbank lends $200m for Zimbabwean grain imports

The facility is aimed at providing financial capacity for the country to be able to meet grain import requirements in view of the El Nino drought crisis, a representative for Afreximbank told Trade Finance.

Stephenson Harwood poaches Eversheds trade partners

Fung and Ng have worked together for over 12 years on trade finance disputes and banking litigation, with Ng covering contentious litigation and Fung covering non-contentious.

BNDES cuts pre-shipment credit line costs

The Brazilian Development Bank (BNDES) has announced a number of initiatives to boost exports as part of a R$26 billion ($6.6 billion) programme to boost the supply of working capital to SMEs and midcaps.

Chexim Orange Line financing finally signed

The deal - a soft loan from China Eximbank to the Punjab government - has been delayed by renegotiations over contingency costs and local protests against population displacement.