Latest News

ADB survey reveals shock TF gap

The global trade finance gap grew to an all-time high of $1.7 trillion in 2020, a 15% increase from 2 years earlier – according to the Trade Finance Gaps, Growth, and Jobs Survey that was released today by the Asian Development Bank

EIB, EBRD shake hands to improve outreach beyond EU

The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have pledged to improve their cooperation on joint financing for infrastructure-related projects and platforms outside of the EU

Ørsted signs €2bn RCF

Ørsted has signed a €2 billion ($2.31bn) 5-year sustainability-linked syndicated revolving credit facility (RCF) with 2,1-year extension options.

Vigliotti assumes role at the EIB

Gelsomina Vigliotti has been made the new vice-president and member of the management committee of the European Investment Bank

Downer sells Oz mining offshoot to BUMA

Downer has completed its exit from the mining sector having agreed to sell its Australian coal mining contractor business, Open Cut Mining East, to Indonesian outfit BUMA

Fortescue plans A$1bn QLD hydrogen plant

Fortescue’s renewables subsidiary Fortescue Future Industries (FFI) has joined forces with ASX-listed manufacturer Incitec Pivot to conduct a feasibility study into green ammonia production at Gibson Island in Queensland

Kenyan 4G provider in talks with IFC

Kenyan wireless infra company ATK is in talks with the IFC over a potential $25 million loan to debt finance new BTS towers as part of a 4G coverage expansion

UniCredit piggy-backs on JP Morgan tech

UniCredit and JP Morgan have joined forces in the SWIFT Go project – a new service that enables small businesses and consumers to send fast, highly secure low-value cross-border payments anywhere in the world

StanChart and Demica in tech tie-up

Standard Chartered has partnered with fintech specialist Demica to transform access to the bank’s supplier finance programmes

BNDES cuts $500m aviation cheque

Brazilian development bank BNDES has approved financing of more than $500 million to export 24 Embraer E175 commercial jets to SkyWest Airlines based in Utah, US

Natixis raises $180m

Natixis Corporate & Investment Banking (Natixis CIB) has raised $180 million by placing its first green Formosa bond

US DFC signs loan for Khor Mor gas plant expansion

US DFC has signed with Pearl Petroleum a $250 million loan for the $630 million expansion of the Khor Mor gas treatment plant in Iraq

EIB takes lead on Slovak Covid recovery

The EIB is to provide €100 million in guarantees from its European Guarantee Fund (EGF) to UniCredit Bank Slovakia, enabling it to offer more affordable financing to Slovak SMEs, mid-caps and large corporates

EDB leads banks on deal with UMMC

The Eurasian Development Bank (EDB) has extended RUB 3 billion ($41.4m) to the Ural Mining and Metallurgical Company (UMMC) as part of a syndicated loan arranged by Rosbank

Rabobank and EIB build on sustainable partnership

Rabobank and the EIB are launching the sixth in their series of “impact loans” to support sustainable entrepreneurship in the Netherlands

Py to lead SocGen sustainability

Societe Generale has appointed Hacina Py to the role of group chief sustainability officer, in a position that will also see her join the group management committee. She will operate out of the Paris headquarters

Afreximbank and FEDA join forces in ACOF

African Export-Import Bank and the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, have entered into a JV with Gateway Partners to create the Africa Credit Opportunities Fund