Three of the banks which were part of the Batavia blockchain consortium have joined rival we.trade which also uses an IBM platform
Tradewind has closed a $6 million export factoring facility for a Chinese seafood processor and exporter, according to an announcement.
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).
Energy trader Gunvor is set to open its first office in London, according to reports.
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.
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.
Aviation Capital Group (ACG), the aircraft leasing company, has closed the sale of $800 million in senior unsecured notes.
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 International has signed $1.8 million in a RCF and term loan in order to refinance existing debt, according to the commodities trader.
Resources firm Turquoise Hill has named Ulf Quellmann as its new chief executive officer.
African firms could release more than $33.5 billion in extra working capital if their supplier offered them payment terms of up to 30 days, according to Euler Hermes.
The governments of Australia, Japan and the United States have announced a trilateral partnership to invest in infrastructure across the Indo-Pacific region.
Dutch energy company Lekela Power has reached financial close on Taiba N’Diaye, a 158.7MW wind farm in Senegal.
CIT has named Joerg Obermueller as the managing director of supply chain finance businesses within the business.
The African Development Bank (AfDB) has signed a $41 million grant agreement with the Republic of Sudan to finance agricultural development in the country.
French renewables developer Neoen has reached financial close on the 128MW Numurkah solar farm in Victoria, Australia
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 the European Investment Bank (EIB) are launching a €250 million facility to support SMEs with strong environmental credentials.
Law firm Morrison & Foerster has hired Benoit Lavigne as a partner in its finance practice in London.
Bermuda-based specialty insurer Ascot has created a trade credit insurance division, according to reports.