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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.

  • Germany extends export credit refinancing 10 March 2010

    The German government has extended its export credit refinancing aid scheme for long-term export credit for a further six months.

  • Page retires at Erste bank 10 March 2010

    Erste Group Bank’s structured commodity and trade finance head has retired after 15 years at the bank.

  • BCC bemoans UK export finance 10 March 2010

    A British Chambers of Commerce survey finds that UK exporting businesses are still experiencing severe difficulties securing essential export trade finance.

Russia & the CIS

North America

  • US Ex-Im appoints new vice presidents 09 March 2010

    The Export-Import Bank of the United States has named two new senior vice presidents for congressional affairs and small business.

  • Obama to address US Ex-Im conference 08 March 2010

    President Obama is confirmed to address US Ex-Im’s annual conference underlining the administration’s commitment to create jobs through exports.

  • EDC invests in water fund 08 March 2010

    Canadian ECA, Export Development Canada, is set to invest in XPV Water Fund, a Canadian venture capital fund focused on the water sector.

  • 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.

Latin America & Caribbean

  • CAF invests in Peru infrastructure fund 05 March 2010

    The Andean Development Corporation (CAF) has approved a $40 million capital investment in the Peruvian Infrastructure Fund.

  • DLA Piper sets sights on Brazil 03 March 2010

    DLA Piper has signed a cooperation agreement with Brazil’s Campos Mello Advogados, promising “more to come” in Latin America.

  • Audience response – STEF Americas 2010 02 March 2010

    Results from the Audience Response System sponsored by BBVA at the 12th Annual Structured Trade & Export Finance in the Americas Conference.

  • Banobras NIP to be boon for US exporters 25 February 2010

    US Ex-Im and Banobras have signed a memorandum to support up to $1 billion in US exports to back Mexico’s infrastructure development programme.

Middle East & North Africa

Sub-Saharan Africa

  • IFC aids African credit reporting 08 March 2010

    The International Finance Corporation has hosted a series of workshops to improve credit reporting in Ethiopia, Mozambique and Tanzania.

  • Standard Bank and OFID partner for trade 05 March 2010

    Standard Bank and the OPEC Fund for International Development have today signed an agreement to launch two African trade financing initiatives.

  • OFID signs credit line for PTA Bank 04 March 2010

    OFID and the Eastern and Southern African Trade and Development Bank have signed a one-year renewable line of credit to boost trade in sub-Saharan Africa.

  • EMEA industrials head appointed at Citi GTS 02 March 2010

    Citi names veteran transaction banking specialist to head up the industrials sector for corporate clients in EMEA.

North Asia & China

  • StanChart teams with China for trade roadshow 10 March 2010

    Standard Chartered Bank has teamed with Chinese officials for a trade delegation to promote renminbi trade settlement in Malaysia, Thailand and Singapore.

  • ANZ makes key hires in export finance 08 March 2010

    ANZ has expanded its team and reach in export finance with key hires for both Singapore and London.

  • IFC signs Xiwang Sugar loan 08 March 2010

    The International Finance Corporation is providing a loan to Xiwang Sugar Holdings Company to upgrade its operations and promote rural employment.

  • Xiwang Sugar receives IFC support 02 March 2010

    An IFC loan to China’s Xiwang Sugar holdings will boost both rural employment and further develop sustainable agribusiness.

South-East Asia & Australasia

South Asia

  1. Trade Finance – February 2010

  2. A new trade landscape emerges in LatAm

  3. Export credit agencies to the rescue of trade finance

  4. Export finance banks call for level playing field

  5. JBIC supports Indonesian power

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?
10%
No - are you crazy? These prices are ridiculous. What were these banks thinking?
29%
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.
62%

Quote

Some [credit] sanctioners might even start to learn about trade financing mechanisms and the difference between a bill of exchange and a bill of lading – who knows they may even realise that commodity financiers have a pretty good understanding of what risk and mitigation is all about!

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


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