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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.

  • 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.

  • 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.

Commodity Finance

Trade & Supply Chain

Factoring & Forfaiting

Trade Finance Loans

  • 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.

  • 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.

  • 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.

  • 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.

Law & Regulation

  • 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.

  • 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.

Trade Credit & Political Risk Insurance

  • 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.

  • 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.

Trade Infrastructure

  • Citibank opens financial centre in Dubai 04 March 2010

    Citibank has opened the Jebel Ali Financial Centre, Dubai, to provide business and financial solutions for small and mid-market enterprises.

  • 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.

Islamic Trade Finance

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%