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Latest News by Sector

Commodity Finance

Export & Agency Finance

  • US Ex-Im names award winners

    12 March 2010

    The Export-Import Bank of the United States has named the winners for its deal of the year, small business exporter of the year and green transaction of the year awards.

  • Skye Bank secures trade credit line with Kexim

    11 March 2010

    Nigeria’s Skye Bank has signed a trade credit line with the Korean Export-Import Bank boost its trade and import operations.

Trade & Supply Chain

  • CGI rebrands trade platform

    10 March 2010

    CGI Group has rebranded its trade finance platform known as Proponix360 to CGI Trade360.

  • Comment: ONS UK Trade Statistics

    09 March 2010

    Comment from Iain MacDonald, head of trade product, Barclays and the British Chambers of Commerce following the release of today's ONS UK Trade Statistics.

Factoring and Forfaiting

Latest News by Region

Middle East & North Africa

  • Al Jaber seeks ECA financing

    11 March 2010

    Al Jaber is planning to raise funds through export credit agency facilities and the bond market.

Sub-Saharan Africa

  • APA Insurance reinsures ATI

    12 March 2010

    APA Insurance has agreed to reinsure the African Trade Insurance Agency (ATI) allowing it to cover motor and property in Kenya and Uganda against damage.

Europe

  • EBRD funds Petrolinvest in Kazakhstan

    11 March 2010

    The European Bank for Reconstruction and Development has approved a convertible loan to finance the completion of Petrolinvest oil exploration works in Kazakhstan.

Russia/CIS

  • EDC finances Russia gas tech purchase

    05 March 2010

    Export Development Canada is providing a $48 million loan to Russia’s Gazprombank to finance the purchase of equipment to capture and process flared gas.

South Asia

  • China Exim funds Sri Lankan airport

    11 March 2010

    Export-Import Bank of China has signed a loan agreement to construct Mattala Airport and the Colombo-Matara Railway in Sri Lanka.

SE Asia & Australasia

North Asia & China

  • China Exim funds Sri Lankan airport

    11 March 2010

    Export-Import Bank of China has signed a loan agreement to construct Mattala Airport and the Colombo-Matara Railway in Sri Lanka.

Latin America & Caribbean

  • GBF aids agriculture in Peru

    11 March 2010

    The IFC and Peru LNG have helped Agricola Viñasol to obtain a GBF loan to diversify its portfolio of agricultural products in local and export markets.

North America

  • US Ex-Im names award winners

    12 March 2010

    The Export-Import Bank of the United States has named the winners for its deal of the year, small business exporter of the year and green transaction of the year awards.

Global

Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?
9%
No - are you crazy? These prices are ridiculous. What were these banks thinking?
27%
Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.
64%

Quote

Until credit sanctioners can escape from their investment grade comfort zone, they’ll never enable the full potential of an STCF approach to be felt.

Aidan Applegarth, independent banking consultant - Commodity banks bounce back, December 2009