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Latin America & Caribbean

  • March

    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.

  • 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.

  • February

    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.

  • Mexican national indicted for US Ex-Im fraud 24 February 2010

    A Mexican national has been indicted and arrested in connection with an alleged scheme to defraud US Ex-Im.

  • Banks sign Telefónica buyer credit 23 February 2010

    Citi and Deutsche Bank have signed a buyer credit for telecoms firm, Telefónica, backed by Swedish export credit agency EKN.

  • Bolivian bank joins IFC trade programme 19 February 2010

    Bolivia’s Banco Ganadero has joined the International Financial Corporation’s Global Trade Finance Programme to help expand trade financing for its clients.

  • Ecopetrol sets out 2010 financing plan 18 February 2010

    Ecopetrol’s senior management has set out the company’s intentions for 2010 with plans to raise $3.5 billion in financing.

  • Unlocking SME growth 16 February 2010

    James Prusky and Robert Klein, principals at Crecera Finance Company, discuss the role of trade finance in unlocking growth in the Latin American SME market.

  • EDC employees raise thousands for Haiti 16 February 2010

    Export Development Canada employees have raised funds for disaster relief in Haiti with EDC and the Canadian Government matching donations.

  • A new trade landscape emerges in LatAm 16 February 2010

    Valentino Gallo, Managing Director and Americas Head, Citi, Export and Agency Finance, takes a look at the effects of last year’s dramatic shifts in the financial landscape and the way forward in 2010.

  • Latin America leads the way in the GTFP 16 February 2010

    Market comment: Antonio Alves, senior regional head of trade finance, Latin America and Caribbean region, IFC.

  • Mexico: A regional trade finance lynchpin 16 February 2010

    Alexander R.Malaket explores the state of trade and trade finance in Mexico at a time when the country’s two Nafta partners are each dealing in their own way with the consequences of the crisis.

  • EDC provides loan to Chilean mine 05 February 2010

    Canadian export credit agency, EDC, has provided a loan to Chilean mining company Minera Los Pelambres.

  • JBIC inks CAF trade finance loan 01 February 2010

    Under the government of Japan’s Trade Finance Initiative, JBIC has signed its first loan to CAF to directly support trade finance.

  • January

    Cesce backs Dominican Republic health city 22 January 2010

    Deutsche Bank and Société Générale have closed a buyer credit loan to the Dominican Republic to build three new hospitals in Santo Domingo.

  • US Ex-Im inks Colombian oil field deal 19 January 2010

    Colombian buyers and US exporters to benefit from $1 billion US Ex-Im preliminary commitment to Colombia’s Ecopetrol.

  • BES and CDB launch loan for PDVSA 15 January 2010

    Banco Espirito Santo (BES) and China Development Bank launch syndication of a major trade-related loan for Venezuelan oil producer PDVSA.

  • Schahin signs Black Gold restructuring 13 January 2010

    Brazilian offshore operator Schahin has signed a debt restructuring for its Black Gold drilling vessels, to be chartered by Petrobras.

  • Santander signs Mexico military buyer credit 08 January 2010

    Santander has a signed a long-term buyer credit deal to fund Mexico’s acquisition of military aircraft.

  • Chile’s BCI secures trade financing 08 January 2010

    Export-Import Bank of China is guaranteeing a trade loan for Chile’s Banco de Credito e Inversiones (BCI).

  • KfW funds CAF 06 January 2010

    German development bank, KfW, is refinancing the South American development bank, CAF.

  • IADB supports Chilean microfinance 06 January 2010

    The Inter-American Development bank has arranged a loan to Chile’s Banco de Crédito e Inversiones for unbanked micro-entrepreneurs.

  • CAF signs energy agreement with Venezuela 06 January 2010

    The Andean Development Corporation has signed a loan agreement with Venezuela for the Termozulia III Thermoelectric Project.

  • IADB posts record year 06 January 2010

    Inter-American Development Bank posts record year thanks to response to Latin American and Caribbean demand for financing in wake of global crisis.

  • US Ex-Im opens to Laos, Bolivia and Turkmenistan 05 January 2010

    Change in status further opens up three new markets for US exporters.

  • Banks sign EISA pre-export financing 05 January 2010

    Bookrunner Standard Chartered has signed a pre-export financing for Brazilian soft commodity wholesaler Empresa Interagricola.

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%