Commodity trade finance is set to become a more significant asset class in the portfolios of European institutional investors, according to a report published this week.
HSBC has introduced a digital purchase order product that it has developed alongside fintech firm Bolero.
Banco Santander has joined a consortium of banks as a founding partner on the Digital Trade Chain platform, according to an announcement at the Sibos conference in Toronto.
The European Investment Bank has committed to lending another €1 billion ($1.2 billion) in France’s Grand Paris Express metro project
The US Trade and Development Agency (USTDA) has agreed to fund feasibility studies for a geothermal plant in the Philippines and a wind power farm in Vietnam
Aspire Mining has signed a memorandum of understanding (MOU) with state-owned China Gezhouba Group International Company (CGGC) to finish the second stage of the feasibility study for the Erdenet to Ovoot Railway Project located in Mongolia
The Asian Development Bank (ADB) and the Government of Vanuatu signed financing documents to increase renewable energy generation in the islands of Malekula and Espiritu Santo
Law firm White & Case has announced the promotion of 31 lawyers to partner across its global offices, with a couple of promotions for trade and export finance professionals
TriLinc Global Impact Fund has recently approved a further $13.9 million in term loans and trade finance facilities, bringing its total financing commitments to $378 million, the company has announced.
Law firm White & Case has named 31 new partners, several of whom are focussed on export and trade-related matters.
Olam International has closed a new $1.75 billion revolving credit facility, which it will use to refinance existing loans.
Oaktree Capital Management has committed $400 million to Fleetscape Capital Holdings, a new alternative capital provider to the maritime industry that has funded itself with a capital raise.
Several aircraft lessors are in the market for or are preparing bond issues to finance aircraft purchases.
BW Gas has closed a $192 million, K-Sure backed loan for the post-delivery financing of a floating storage regasification unit (FSRU).
BPL Global and EIA Global are forming a joint venture insurance broking company in New York.
Lloyds Banking Group has named Ed Thurman as head of global transaction banking.
Macquarie has hired Tom Price as head of commodities research, joining the bank from Morgan Stanley in 2018, according to reports.
Italian oil and gas firm Sicilsaldo has obtained SACE guarantees for an €80 million ($94 million) gas pipeline contract in Mexico.
Metalloinvest has signed two separate credit lines with ING Bank, both of which are backed by export credit agencies.
The spread on the commercial bank debt portion of the $2 billion, 2x800MW Java 1 gas-fired combined-cycle power and floating storage project has continued to tighten