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UN agrees to review of $1.6trn trade finance gap

The UN has agreed to carry out a review of the estimated $1.6 trillion gap in trade financing, with findings and recommendations expected in April 2018.

Gunvor refinances $340m BBF

Gunvor Group has refinanced a $340 million, one-year borrowing base facility (BBF), according to an announcement.

SACE to support up to $1.25bn of Boeing purchases

SACE has agreed to support up to $1.25 billion of aircraft purchases from Boeing 3each year, under a new agreement between the Italian ECA and the US aircraft manufacturer.

JBIC launches $5bn bond issuances

Japan Bank for International Cooperation (JBIC) has launched a $5 billion issuance consisting of four separate government-backed bonds.

EDC prices third green bond

Export Development Canada (EDC) has priced its third green bond, a $500 million issuance carrying a coupon of 1.625%.

IBA launches restructuring of trade finance instruments

Trade finance related instruments account for $862 million of International Bank of Azerbaijan’s (IBA’s) $3.343 billion debt restructuring announced this week.

GKB Ventures hires Harkin from Fieldstone

Ed Harkin has left his position as head of export credit financing at financial advisory firm Fieldstone to join business consultancy GKB Ventures in London

Glencore approaches Bunge for takeover

Glencore’s agriculture arm (GAL) has made a takeover approach to US grain trader Bunge, the company has announced.

ITFC reaches trade agreement with The Gambia

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, has signed a $210 million framework agreement with The Gambia.

DS-Concept signs $20m credit facility

DS-Concept, the non-recourse factoring and supply chain finance specialist, has closed a $20 million credit facility for US advertising technology company, a spokesperson has confirmed.

ATI boosts political risk cover with Credendo

The African Trade Insurance Agency (ATI) has partnered with Credendo Single Risk Insurance in order to boost its political risk coverage.

China and Pakistan to develop Indus River Cascade

China and Pakistan signed a memorandum of understanding (MOU) to develop the Indus River Cascade, which includes the Diamer-Bhasha Dam project in Gilgit-Baltistan, Pakistan

KfW IPEX-Bank loans €21 million for bus exports

KfW IPEX-Bank has loaned €21.3 million ($23.8 million) to Mexico’s leading bus operator to finance the purchase of 55 new double-decker buses from German manufacturer MAN.

China hungry for twin-aisle aircraft: leasing executive

Demand for twin-aisle aircraft is going to decline in the Middle East but be picked up by Chinese carriers, according to the chief executive officer of US aircraft leasing company Air Lease (ALC).

Air Canada hints at 2018 aircraft finance plans

Air Canada plans to use an enhanced equipment trust certificate (EETC) issuance to finance some of its 2018 deliveries, according to Helen Kotsovos, senior director of financing at the airline.

Acwa Power closes on Moroccan solar

Saudi developer Acwa Power has closed on the 177MW Noor I trio of photovoltaic (PV) projects in Morocco. The projects have a combined cost of $220 million