The Asian Development Bank is often labelled as a public sector financing vehicle but, as Christian Stauffer reports, it offers help and finance to private sector companies, including the smaller firms.
Australia has some world-class exporters. And they need world-class support. Mike Hanley talks to Australia-based trade and export banks and exporters about staying competitive and ensuring that the country keeps up with the major players.
Outsourcing trade processing has been a key strategy for a select few banks during 2003. How have they fared And will Bolero ever be loved Martin Whybrow looks back on the year from a processing and e-commerce perspective.
It’s getting better for forfaiters. 2002 was a pretty dire year, but 2003 proved better. Rupert Sayer takes a snapshot of the market for the past year - market practice, IFA changes, secondary market improvements and which markets to
Conference Report - India: Trade & Export Finance Forum 2003, Mumbai
Exporta's Indian trade finance conference in November was a service providers dream, with around 80% corporate attendance. The forum has already received bookings f
Iran continues to be a success story despite a recent history of revolution and war and its location in the volatile Gulf region. Garry Morgan reports on the country’s ability to attract so much foreign trust and finance.
Billions of dollars-worth of contracts are being awarded in respect of Iraq’s rebuilding, while 17 export credit agencies have just signed a framework agreement for US$2 billion of support. Giovanni Bracale , president of Improgetti
Conference Report: Emerging Markets Trade & Political Risk, London
Everything the trade financier needed to know about risk was how Exporta’s London event on emerging markets trade and political risk was received when it took
AMERCIAS - MARKET REPORT: On the rebound
It’s been a quiet year for Latin America as far as trade and export finance deals. Argentina’s shadow of default, political uncertainties and civil strife in Venezuela, an
BEST DEALS OF 2003 - INTRODUCTION: Something special
Deals in Turkmenistan, Belarus and Pakistan are among those that have joined the GTR Hall of Fame for Best Deals of 2003. Only 16 deals made the final selection. As ever, i
Some US$1.7 billion of debt closed for the Aluminium Bahrain (Alba) Line 5 Expansion project in April, making it what participants in the deal believe to be the biggest Middle Eastern financing of the year.
The deal certainly prove
The first large-scale limited-recourse petrochemical financing in China closed in March. In all, US$1.45 billion split into six separate US dollar and renminbi facilities was successfully closed for a US$2.9 billion ethylene cracker project in Nanjing.
Natexis Banques Populaires arranged the first reserve-based lending facility in the Caspian Sea region for Burren Energy in Turkmenistan in October. The three-year, US$20 million facility, which is backed by Burren's Turkmen
One of the world’s leading suppliers of power generation technology, energy services and management systems, was awarded the mandate to supply power generating equipment to power plants in China in 2003 (East-West Power Plants). Because letters
ING’s and Citigroup’s €75.4 million facility for Russia’s third largest mobile operator closed in October. The arrangers believe it to involve the longest tenor for a telecoms ECA financing in Russia.
The loan is for
BEST DEALS OF 2003 - NIDERA SA, ARGENTINA: Against the grain
One of the largest pre-export finance transactions for Argentina during 2003 is worthy of a ‘Best Deals of 2003’s award. The self liquidating
Financing closed in January 2003 for the Phu My 2.2 power project in Vietnam after several years of negotiations. It will be Vietnam’s biggest power project, its first build-operate-transfer (BOT) power and the first large, internationa
Citigroup put together an innovative aircraft financing for Pakistan International Airlines (PIA) during 2003 which was split into a US$150 million Islamic lease facility to finance pre-delivery payments on three Boeing 777-200ER aircraft and a US$350
BEST DEALS OF 2003: PIGAP II - VENEZUELA: In the face of political risk
Venezuela fell from grace during 2002-03 and the country has failed to attract the full level of interest it had previously. But this didn’t p
The European Bank for Reconstruction and Development (EBRD) arranged the first international loan syndication for a Belarussian borrower in a transaction that provides US$36 million to Priorbank, Belarus's largest private bank. The loan will enable Priorbank to provide urgently needed short and medium-term loans to the private sector in Belarus.
BEST DEALS OF 2003 - PT TELKOM T-21 PROJECT, INDONESIA: Longest tenor since the crisis
Indonesia is now creeping back into the trade and export finance marketplace. And developments such as PT Telekomunika
Standard Chartered Bank (SCB) and Noble Trade Finance Ltd (NTF) completed a five-year US$68mn pre-export financing deal that enables Tenaga Nasional Berhad(TNB)Coal International Ltd of Malaysia to acquire Indonesian coal mine company PT Dasa Eka Jasat
On August 1, 2003, Deutsche Bank London jointly signed with Citibank London a US$245 million syndicated trade-related loan for Bank TuranAlem (BTA), Kazakhstan. The facility witnessed the most ever participants (51) for an unsecured syndicated loan in
There’s no stopping Vietnam at the moment. The country has walked away with three of the GTR ‘ Best Deal of 2003’s awards. And the following deal deserves a place among the stars if only because it sees US Ex-Im Bank back in th
The first buyer credit signed for Vietnam with a local bank guarantee closed during 2003. Funds are for the development of a captive power plant for a steel plate rolling mill in a shipbuilding complex owned by Vietnam Shipbuilding Industry Corp (Vinas
What is believed to be the largest ever syndicated loan to a private bank or financial institution in Central and Eastern Europe closed in June 2003, led by joint arrangers Deutsche Bank and JPMorgan. The €270 million syndicated term loan facility
November was a bad month for the Middle East, bringing a spate of deaths by suicide bombings in Turkey and Iraq. But the trade finance community has kept a lid on pricing, and remains open to a wide variety of risks in the region, writes Kevi
The new Russia or Turkey - that seems to be the market’s conclusion about Ukraine. But, as Jan Mekenkamp director at Omni Whittington Emerging Markets warns in his regular column, caution should remain the watchword. The same goes
November’s Trade Finance Index from LTP Trade reported only limited movement in pricing, with volumes continuing to be low.
The LTP Trade Finance Index returned a modest 0.15% during November. O
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