Top role for US Ex-Im in Export Initiative

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04 February 2010

Secretary of Commerce Gary Locke has announced that US Ex-Im is to play a vital role in President Obama’s National Export Initiative - details.

Details of President Obama’s National Export Initiative have been announced by Commerce Secretary Gary Locke.

The Export-Import Bank of the United States will join an Export Promotion Cabinet reporting to the president that will also consist of top leaders from the Commerce, Treasury and State...

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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?

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%