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AES issues bond for Argentine wind to bridge DFI debt

AES Argentina Generación, AES Corp's local subsidiary, has issued a $48.4 million, short-term corporate bond to finance a wind project in the country, amid a standstill in commercial bank lending

CargoSmart and eTradeConnect complete trial

Supply chain technology company CargoSmart and Hong Kong’s blockchain-based trade finance platform eTradeConnect have completed a proof-of-concept trial which combined their services

Santander takes controlling stake in Ebury

Spanish bank Santander has acquired a 50.1% stake in UK-based fintech company Ebury, a provider of trade finance solutions to SMEs

MC Mining taps South Africa's IDC for Makhado coal project funding

Australian miner MC Mining is set to sign a ZAR245 million loan with South Africa’s Industrial Development Corp for the first phase of its Makhado hard coking coal project located in Limpopo, South Africa

JBIC signs loan for Toho Zinc on Western Australia mine

Export credit agency Japan Bank for International Cooperation has signed a loan of up to ¥2.5 billion for Toho Zinc, to support it as an investor in the Abra lead mine project in the Gascoyne region of Western Australia

Alten approaches IDB for Mexican solar PV debt

The Mexican subsidiary of renewables producer Alten has approached IDB Invest to help finance the design, construction, commissioning, operation and maintenance of the 250MW Puebla solar PV project

IFC backs Brazil's first waste-to-energy plant

Foxx Haztec is understood to be in the market to raise financing for Brazil’s first waste-to-energy power plant, URE Barueri, located in the metropolitan region of São Paulo

AFD invites advisory bids for Mozambique solar PVs

The French Development Agency has invited bids from consultancy firms for several advisory contracts for two 40MW solar PV power plants in Mozambique

France's AFD finances Vietnam solar

French development agency Agence Française de Développement will provide a loan to fully fund the EPC contract for Vietnamese state utility EVN’s 49MW Se San 4 solar power plant

UKEF hires new head of trade finance

The UK’s export credit agency UK Export Finance has appointed Carl Williamson as its new head of trade finance

Total to sell offshore Brunei block to Shell

Oil major Total has signed a deal to sell to another oil major Shell its operated, majority interest in an offshore Brunei block for $300 million

Pertamina and Rosneft sign FEED contract for Tuban refinery

Indonesia’s Pertamina and Russia’s Rosneft have signed the basic engineering design and front-end engineering design contracts with Tecnicas Reunidas for the Tuban oil refinery and petrochemicals complex in Tuban in East Java, Indonesia

Petronas and Saudi Aramco near RAPID financial close

Petronas and Saudi Aramco are close to signing the last $2 billion tranche of the $10 billion financing package for the Refinery and Petrochemicals Integrated Development project, which will be within the wider Pengerang Integrated Complex in Malaysia

FID delayed for ECA LNG in Mexico

IEnova, a subsidiary of Sempra Energy, has decided to delay its final investment decision on the expansion of the Energía Costa Azul (ECA) LNG project in Mexico until early 2020

Rusal closes sustainability-linked PXF facility

Russian aluminium producer Rusal has closed on a new five-year $1.085 billion pre-export finance facility that has pricing determined by sustainability KPIs

The importance of standards in trade

Ahead of the World Trade Symposium, 6-7 November, in New York, Dr. Rebecca Harding CEO Coriolis Technologies and World Trade Board member, looks at why the importance of common standards in trade can’t be understated.

Afreximbank postpones IPO

The African Export-Import Bank has said it is to delay it planned initial public offering due to “unfavourable market conditions”

EIB signs loan for Malawi road rehab

The European Investment Bank (EIB) has signed with the Roads Authority of Malawi (RA) a €120 million ($133 million) loan for the €191 million rehabilitation of the 347km M1 road in the Southern African state