The facility, which supports energy trading, logistics and activities in North America, will run for two years.
The US-based firm signed the five-year loan to extend a facility maturing in August 2018.
The loan has a five-year tenor.
CEO says that in a bid to reserve policies in this new environment, Coface has taken “strong measures to proactively adapt our risk management”.
Despite its increased activity, net profit was down 67% year-on-year at €102.9 million, a drop Sace has attributed to market volatility and an increase in the amount of claims it has received.
Around 80% of the debt is expected to be provided by Kexim and K-Sure on the back of an EPC contract with GS Engineering and Construction.
The move comes as Noble Group CEO Yusuf Alierza resigned abruptly in May this year.
Effective August 1, the role will also involve managing the London branch of the bank.
Banca IFIS says the acquisition will enable it to add trade finance as one of its new areas of coverage.
ayat Kimya has secured a €15.25 million term loan with guarantees from Swedish export credit agency EKN.
The revolving credit facility will finance the oil and gas explorer’s operations.
The four-year loan is being provided by Santander to the subsidiary of Spain’s Iberdrola.
Commitments are due by the end of next week and syndication is expected to close in mid-August.
The deal – which is expected to comprise one- and three-year tranches – will expand and extend a previous one-year $1.7 billion facility signed in September 2015 by Noble Agri
Under the terms of the eight-year loan ACA will export grain to Japan and “make its best effort to export to Japan in emergency situations”.
Based in Tirana, Colangeli will take up his position on September 1.
Prior to Encompass, Golden was director of operations for Sony Electronics for six years, based in Texas.
Chong has been with the bank for more than 27 years, having served as syndicated finance head since 2001.
Palmer joins as political risk underwriter for Syndicate 2121; Picton is appointed energy underwriter in the Argenta Underwriting Asia subsidiary.
EBRD, Albania government and six financial institutions sign MoU, EBRD appoints new Albania country head.