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February
Citi leads two ship financings for Seadrill and ENI originally intended for Eksportfinans funding, but which ultimately benefitted from an unusual 100% Giek guarantee.
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The Asian Development Bank (ADB) has approved a loan for Uzbekistan’s Surgil Natural gas Petrochemical Plant.
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Japanese export credit agency Nexi has signed a reinsurance agreement with Hong Kong Export Credit Insurance Corporation.
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The Export-Import Bank of China has joined a lending syndicate for India’s Bharat Forge.
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The IFC is due to sign its second supply chain financing (SCF) deal under its newly established SCF programme with third party SCF platform provider PrimeRevenue.
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Japan’s export credit agencies and private financial institutions are funding an ICICI bank loan to support green projects in India.
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Skyworks Capital have structured a six loan package for lessor Atlas Air, funded by Apple Bank and underwritten by US Ex-Im.
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IADB supports efforts to strengthen Asia-Latin America trade and investment ties through the Trans-Pacific Partnership.
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In a matter of hours, Italian export credit agency Sace will underwrite a fourth loan to India’s Reliance Industries.
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Germany’s KfW end-year figures reveals strong growth for export finance activity conducted by KfW IPEX-Bank
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OPIC and Afghan Growth Finance (AGF) enter new agreement to expand small business lending in Afghanistan.
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Hung Hai Construction Company has secured a loan for its Nam Na 3 hydropower project in Vietnam under cover from Japanese export credit agency Nexi.
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Bangladesh Railway obtains Indian export credit agency financing for the purchase of 10 locomotives.
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Austria’s Raiffeisen Bank International has structured a financing package partly backed by OeKB to finance the construction of a tissue paper plant in China.
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IFC’s board has approved the establishment of the Critical Commodities Finance Programme (CCFP) as part of the MFI’s response to the financial crisis.
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January
South African carrier Comair, and its advisor Investec, appoint Rand Merchant Bank to fund US Ex-Im covered debt for Boeing 737-800s.
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Failure to drawdown a loan from Japan’s state lender has led to allegations of corruption at the University of Indonesia.
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Wells Fargo loan officer Gerard Uribe is jailed for his part in the largest case of fraud on export credit agency US Ex-Im.
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IFC’s trade programmes reached new heights in 2011 in the multilateral’s drive to help banks in the emerging markets gain access to financing for their SME clients.
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BNDES releases results for 2011 showing a 47% increase in funding operations.
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The World Bank has pledged to assist countries of emerging Europe and Central Asia with $27 billion in funding, including trade finance.
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Deutsche Bank has signed a bilateral Euler Hermes-backed deal to help fund the construction of three pig farms in Russia.
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BNP Paribas and KfW IPEX-Bank have partnered to offer cement producer Holcim Indonesia a buyer credit facility for its Tuban green-field plant.
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Finnish export credit agency Finnvera returns to cover further loans for the expansion of Telemar’s mobile network in Brazil.
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Norwegian Air Shuttle has ordered 222 narrow-body aircraft from both Boeing and Airbus.
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BayernLB signs buyer credit loan to support the delivery of wind turbines to Turkey’s Bilgin Enerji to develop its Zeytineli wind farm.
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Turk Eximbank promises loans to both Tunisia and Libya to aid reconstruction efforts.
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Norway’s new government-funded export body is expected to hire former Eksportfinans staff, but others will face redundancy.
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A group of banks have signed a revolving credit facility on behalf of Export Credit Bank of Turkey (Turk Eximbank).
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Ivanhoe Mines has approved a jumbo bridge facility to help fund the first phase of its ECA-backed Oyu Tolgoi mining complex in southern Mongolia.
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Nordic Investment Bank has named its new president and chief executive officer.
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Ukraine’s ZhL secures export credit agency financing for the import of Dutch-made confectionary packaging equipment.
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Development banks led by FMO of the Netherlands are financing a hydro-power project in Uganda.
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An interim board has been appointed to oversee the transition to a permanent Norwegian government-funded export finance scheme in July 2012.
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US Ex-Im has appoved $6 billion in small business export financing during the first year of the bank's nationwide Global Access outreach initiative.
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The latest round of Chinese state support for India’s Reliance Group adds to China’s dominance of this intra-Asian trade link.
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French export credit agency Coface guarantees luxury cruise ship financing on behalf of Hapag-Lloyd Cruises, part of the TUI Group.
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HSBC arranges buyer credit for Pakistan state utility firm, Central Power Generation Company to purchase a gas turbine combined power plant at Guddu.
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JP Morgan has hired a new managing director for its Treasury Services business covering export and supply chain finance across the Americas.
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The Mexican carrier has closed debt financing for two A320-200s with Crédit Agricole CIB and European export credit agencies.
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The Asian Development Bank has arranged an A/B loan for renewables firm China Everbright to fund its waste-to-energy projects in China.
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German development agency DEG is lending $50 million to the mobile communications and finance sectors in South Asia.
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The Inter-American Development Bank has approved new funds for renewable energy and clean technology companies.
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An industry body for international trade has submitted a report stating Australia’s export credit agency EFIC is not adequately supporting small and medium sized businesses.
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The government of Bangladesh has announced that it will borrow $2 billion from the International Islamic Trade Finance Corporation (ITFC).
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US District Judge rejects preliminary injunction to stop a US Ex-Im-supported loan to Air India.
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Reporting from Airbus New Year Press Conference, held in Hamburg, John Geddie looks at the manufacturer’s financing plans for the year ahead.
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IFC signs trade finance agreement with Lebanon’s Credit Libanais to offer gurantees on import and export financing.
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Chinese export credit agency Sinosure is guaranteeing a buyer credit loan to ArcellorMittal for work on the now-suspended Monlevade steel plant expansion in Brazil.
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India’s export credit agency has approved funding for Bhilwara’s first overseas hydro electric project in Nepal.
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ING and NordLB have signed an export credit agency-backed buyer credit on behalf of Ryanair for 18 Boeing narrowbodies.
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Banks team to finance the delivery of a semi submersible drilling rig to offshore deepwater drilling company, SeaDrill Ltd.
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Three banks have signed the senior level of a jumbo credit line, guaranteed by Philippine export credit agency PhilExim, on behalf of Philippine Phosphate and Fertiliser Corporation.
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UniCredit has signed a loan agreement with Russian hydroelectricity provider RusHydro under cover from Austrian export credit agency OeKB.
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Australian airline Qantas receives two Airbus A380s deliveries arranged by HSBC and guaranteed by European ECAs.
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President Obama is asking Congress for the authority to combine the US government’s six trade and business-related agencies and departments into a one-stop-shop for exporters.
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The Egyptian carrier secured ECA financing for three aircraft in the fourth quarter of 2011.
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Giek supports drill ship delivery to oil and gas firm Chloe Marine Corporation.
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Citi signs EDC-backed leasing deal on behalf of Peru’s Minera Barrick Misquichilca.
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Reliance Power has closed $2.2 billion in loans towards its 3960 MW Sasan ultra mega power project with the backing of US and Chinese export credit agencies.
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As of 1 January 2012, Søren Møller has taken over as deputy CEO at EKF.
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US Ex-Im has approved direct export financing for the world’s largest IPP to buy Siemens power generation equipment that supports North Carolina jobs.
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German export credit agency Euler Hermes has issued cover on a BBVA-led loan to Venezuelan National Steel Company EPSSN.
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The UK’s export credit agency has returned to support New Zealand’s Swift Transport in its purchase of additional British buses.
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Digital Paradise Inc. of the Philippines secures ECA-backed loan from HSBC to expand its chain of internet cafes.
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China’s export credit insurer Sinosure celebrated its tenth anniversary in December as its underwriteen short-term insurance business hit record highs.
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Export credit agencies are providing solid support to the bids to develop Dubai’s first independent power project as financing structures shift following the Eurozone crisis.
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A distributor of Japanese construction machinery in Turkey has obtained a credit line supported by Japan’s export credit agencies.
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Standard Bank has signed an ECIC-covered bilateral loan on behalf of Zambian lime producer Ndola Lime Company.
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Export Development Canada has rejected a claim from Tepper farm after it failed to provide enough evidence for a rotten Russian potato deal.
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A financing package for Indian telecoms company Idea Cellular is one of the last deals to sign under the Finnish export credit agency’s temporary transfer scheme.
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Project sponsor Plenary has secured Canadian export credit agency funding and guarantees for its new state-of the-art cancer unit in Melbourne, Australia.
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Full year Dealogic league tables for export credit agency-backed financing for 2011.
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Siemens Financial Services has hired an export finance banker to boost its capabilities in the German export credit sphere.
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US Ex-Im is nearing its exposure limit as its full reauthorisation is switched to a short-term continuation, and the Airlines for America law suit reaches court.
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European export credit agencies back China Southern’s purchase of an Airbus A380.
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China Exim and Chinese lenders fund An Khanh Electricity’s thermal power project in Vietnam.
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International banks credit Pacific International Lines under a guarantee from export credit agency Sinosure.
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Deutsche Bank has signed a bilateral Euler Hermes-backed deal to help fund the construction of three pig farms in Russia.
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Société Générale Corporate and Investment Bank (SG CIB) reveals fresh job cuts in France in addition to planned job losses in Asia and the US.
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A loan from Canada’s export credit agency and commercial banks will allow Kinross to acquire the remaining 25% in the Kupol gold and silver mine in Chukotka, Russia.
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Danish shipping company Norden gains export credit agency cover to cap off Asian fleet order.
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China’s export credit agency China Exim pledges to fund Elektroprivreda’s billion dollar power complex in Serbia.
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Two-step loan with Japanese export credit agencies and ICICI Bank helps India’s Nabha Power obtain credit for Punjab power plant.
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BTMU, Citi, SMBC and Sumitomo Trust and Banking Company are supporting Vietnam’s crucial Hai Phong to Hanoi expressway project under cover from Japan’s export credit agency Nexi.
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Development finance institutions announce financial close of pioneering Addax Bioenergy project in Sierra Leone.
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Air France has closed the first-ever export credit agency-backed loan for a home market airline.
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Citi has arranged a trade finance loan for Ukrainian sugar manufacturer Astarta-Kiev.
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The Finnish government has accepted a proposal for a Eu3 billion permanent transfer scheme to be funded by a Finnvera capital markets issuance.
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SMBC and the Japan Bank for International Cooperation (JBIC) have signed a cofinancing for a power supply project in Indonesia.
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The Export-Import Bank of India has agreed to support Guyana’s latest public spend on a new hospital facility specialising in heart and brain surgery.
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Russian wood supplier Amurskaya wins support from export credit agency JBIC for the purchase of Japanese processing equipment.
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IFC Capitalization Fund will invest in Omans’ BankMuscat to help increase access to finance for small and medium enterprises (SME).
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Photos from the EBRD’s 2011 trade facilitation programme conference, held in Istanbul, are now online.
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Jordan and Tunisia have become members of the European Bank for Reconstruction and Development (EBRD) as part of the process of becoming recipients of EBRD investments.
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Mizuho and JBIC have cofinanced a loan to BCIE to support the development of renewable energy projects in Central America.
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The export credit agency-backed deal for Ecopetrol’s Reficar project has signed, including the second largest ever approved financing by US Ex-Im.
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Export credit agencies EFIC, Sace and EDC commit to Santos’ Gladstone liquefied natural gas project in Queensland, Australia.