Global trade and export finance activity pivoted towards Europe during the third quarter of 2017, according to the latest data from Trade Finance
Georgia’s TBC Bank has signed a syndicated loan agreement for $106.5 million, a portion of which will be used to support trade finance projects.
Factoring turnover in the EU grew 9% year-on-year in the first six months of 2017 to €776 million ($911 million), according to the EU Federation for Factoring and Commercial Finance (EUF).
Vnesheconombank (VEB) has signed an MoU with Eurasian Resources Group (ERG) agreeing to finance Russian industrial products for use in its Kazakhstan projects.
The IFC and two funds it manages are to sell their remaining stakes in Colombian pipeline and power transmission company Pacific Midstream to Canadian oil and gas exploration and production company Frontera Energy
Financing packages of Enel Green Power and Neoen’s projects procured under the first round of Zambia’s scaling solar programme are taking shape. Enel and Neoen won the projects in a mid-2016 tender
Energy trader BB Energy has closed a $225 million revolver in order to refinance last year’s $200 million deal, according to reports.
Ghana’s cocoa regulator Cocobod is in discussion with the Export-Import Bank of China for a $500 million loan, according to Reuters.
Standard Bank is the latest institution to join CCRManager (CCRM), a digital platform for secondary trading of trade finance instruments.
The Japanese government has announced a $10 billion investment drive across the liquefied natural gas (LNG) value chain in South and Southeast Asia
The EBRD board of directors has approved a $500 million loan for the Trans-Anatolian Gas Pipeline project, a natural gas pipeline that will link Eastern Turkey with south-eastern Europe
Russia’s largest bank has signed an MoU with SWIFT that will see it join the firm’s Distributed Ledger Technology platform.
BNY Mellon has become a partner bank in the Asian Development Bank’s (ADB’s) Trade Finance Program, after a signing ceremony that took place at the Sibos conference in Toronto.
Senegal and the IFC have issued an RFP for the first 100MW of its scaling solar programme
Norwegian regional power utility Nord-Trøndelag Elektrisitetsverk has signed on a NKr340 million loan from the Nordic Investment Bank for three hydro power projects
The Industrial and Commercial Bank of China and EBRD are lending $146 million for three Acwa Power solar projects in Egypt. The Benban plants are being procured under the country’s second FIT programme
Solunion, the joint venture between Euler Hermes and Spanish insurer MAPFRE, is now offering its clients the full range of Transactional Cover Unit (TCU) products on offer from Euler Hermes.
Lloyds Bank will implement Global PAYPlus, a payments platform powered by Finastra, to benefit its customers in corporate banking, payments and capital markets, according to an announcement at the Sibos conference in Toronto.
The Ministry of Electricity and Energy will hold international tenders for two electricity transmission line packages in Myanmar in the second quarter of 2018
A sponsor consortium led by Abu Dhabi-based Masdar has signed on a roughly €215 million debt package for the construction of the 158MW Dolovo onshore wind project in Serbia