Latest News

Tradewind closes $6m factoring facility

Tradewind has closed a $6 million export factoring facility for a Chinese seafood processor and exporter, according to an announcement.

Afreximbank lends $200m to Egyptian General Petroleum

The African Export-Import Bank (Afreximbank) has closed a $200 million loan to the Egyptian General Petroleum Corporation (EGPC) to support the firm’s investment in the Middle East Oil Refinery Company (MIDOR).

Gunvor to open London office

Energy trader Gunvor is set to open its first office in London, according to reports.

Fitch issues reverse factoring loophole warning

An accounting loophole allowing companies to extend payables days by the use of third-party supply chain financing - without classifying it as debt - may be on the rise, according to Fitch Ratings.

King & Spalding adds infra partner

Law firm King & Spalding has named three new partners in its New York office, one of whose practices focusses on power, electricity, energy and core infrastructure.

ACG closes $800m senior notes

Aviation Capital Group (ACG), the aircraft leasing company, has closed the sale of $800 million in senior unsecured notes.

IFC invests $150m in Indonesian green bond

The International Finance Corporation (IFC) has bought $150 million in a green bond issued by Bank OCBC NISP, one of Indonesia’s largest private sector banks.

Wilmar signs $1.8m syndicated loan

Wilmar International has signed $1.8 million in a RCF and term loan in order to refinance existing debt, according to the commodities trader.

Turquoise Hill names CEO

Resources firm Turquoise Hill has named Ulf Quellmann as its new chief executive officer.

CIT names supply chain finance MD

CIT has named Joerg Obermueller as the managing director of supply chain finance businesses within the business.

AfDB inks $41m grant for Sudan

The African Development Bank (AfDB) has signed a $41 million grant agreement with the Republic of Sudan to finance agricultural development in the country.

KfW to take shares in 50Hertz

Belgium-based Elia System Operator has exercised its pre-emption right to acquire the remaining 20% of Eurogrid International (the parent of German grid operator 50Hertz Transmission) from IFM Investors, for on-sale to German state-owned bank KfW

Rabobank and EIB launch €250m for green SMEs

Rabobank and the European Investment Bank (EIB) are launching a €250 million facility to support SMEs with strong environmental credentials.