Latest News

Greensill Capital acquires Finacity

Non-bank working capital provider Greensill Capital has acquired the US-based receivables securitisation specialist Finacity for an undisclosed fee

State approval for Euler Hermes-backed Beyondie mine

The government of Western Australia has granted the environmental approval for Kalium Lakes’ sulphate of potash production at Beyondie in the Sunshine Lakes area, 1,200km north of the capital Perth

Telecom Argentina closes loan with IDB

Telecom Argentina has closed a financing package with IDB Invest for up to $300 million, to allow the expansion of broadband services

ICC: Trade finance default rates remain low

Default rates for trade finance products over the last decade have been below 1%, according to the latest report from ICC Banking Commission

Cambodia logistics PPP transaction adviser named

The Asian Development Bank (ADB) has selected a transaction adviser to assist Cambodia's Ministry of Public Works (MPWT) in selecting a private developer for a logistics PPP project

AfDB signs loans for Côte d'Ivoire CCGTs

The African Development Bank (AfDB) has signed a €150 million ($170 million) debt package for two combined-cycle gas turbine (CCGT) power plants under development in Côte d'Ivoire

DFI awards Myanmar road concessions advisory

A development finance institution (DFI) has awarded a $555,650 advisory role to a two-firm team to assist Myanmar’s Ministry of Construction (MOC) in enhancing road concessions

NEXI to widen loan insurance criteria

Japan’s export loan insurer Nippon Export and Investment Insurance is widening the criteria for offering insurance on infrastructure-related loans

Nordic DFIs sign C&I deal with Nigerian energy services firm

Finnish Development Finance Institution and Norwegian Investment Fund for Developing Countries have signed on a $10 million C&I financing with a Nigerian energy services provider

MODIFI completes fundraising for India expansion

Germany-based fintech company MODIFI has completed a €5.5 million funding round to support the expansion of its trade finance platform to the Indian market

Hartwell appointed GM at AMC Trade Finance

Kenton Hartwell has left Crown Agents Bank to become the new general manager of London-based boutique merchant bank Africa Merchant Capital Group’s trade finance division

Wood Group takes FEED for Duqm Refinery phase 2

Duqm Refinery and Petrochemicals Industries Company has awarded the front end engineering design contract for the second phase of the downstream project to UK-based Wood Group

BNDES-backed Brazilian wind complex to issue debentures

Energias de Portugal’s Brazilian subsidiary, EDP Renováveis Brasil, will issue $22.5 million in senior secured debentures due in 2033 for its wind portfolio located in the Brazilian state of Bahia

Sabadell buys into Peruvian wind farms

Banco Sabadell’s fully-controlled Sinia Renovables has acquired a 10% stake in two DFI-backed projects located in Peru

Chinese lenders on Australia's Cultana Solar

SIMEC Energy Australia has lined up three Chinese banks to lend on the Cultana Solar Farm in South Australia, having brought on board Shanghai Electric and Wuxi Suntech as EPC and O&M contractor and module supplier, respectively

Financial close imminent on Bahrain's Al Dur 2 IWPP

An ACWA Power-led consortium expects to reach financial close next week on the $1.5 billion, 1.5GW Al Dur 2 IWPP in Bahrain, supported by a debt package that includes an international tranche covered by Euler Hermes