GTR Magazine - January/February 2005
GTR Magazine: January/February 2005
Middle East & North Africa - Market Outlook
Promising but fragile Vibrant, wealthy and benefiting from soaring oil prices, the Middle East’s importance as a global trade centre is obvious. But with war, uncertainty and generations-old conflicts continuingMiddle East & North Africa - Saudi Arabia
Why risk Saudi Projects and trade flows abound in Saudi Arabia, but serious questions remain concerning the country’s education and labour markets and its stability. Helen Castell reports.REVIEW OF 2004
High oil prices, swelling and shifting trade flows into emerging markets, an improving credit environment and theBEST DEALS OF 2004 - INTRODUCTION
2004 has been somewhat of a bumper year for financiers and traders. GTR has chosen just 15 deals, however, that stood out during the year and are recipients of our ‘Best Deal of 2004's awards.BEST DEALS OF 2004 - Bank Aval, Ukraine
Setting a benchmark for Ukraine Bank Aval, Ukraine, signed a US$45 million syndicated trade-related term loan lead arranged by Deutsche Bank AG London, RZB and Raiffeisenbank Ukraine in August. The facility, which was initiallyBEST DEALS OF 2004 - BTC Pipeline, Caspian Region
Multisourcing giant GTR is a trade, commodity and export finance journal but we do have to keep up with the project finance market - as many of these deals have export elements of course. With this in mind, weBEST DEALS OF 2004 - CABLE & WIRELESS, JAMAICA
Jamaica matures A complex transaction involving three official agencies was signed in August for a US$96 million telecoms expansion finance facility in Jamaica. Structured with full recourse to Cable & Wireless Plc, this trBEST DEALS OF 2004 - CELTEL, KENYA
Local funding landmark The largest single debt fundraising ever seen in the local Kenyan market closed at the end of 2004 - definitely a worthy recipient of a GTR ‘Best Deal of 2004’s award and an indication of whatBEST DEALS OF 2004 - Colombia Mvil, Colombia
Despite difficult market conditions in Colombia, the first Colombian peso indexed loan signed documentation at the end of last year.BEST DEALS OF 2004 - DUFERCO LA LOUVIERE SALES, BELGIUM
We very rarely cover trade in developed markets here at preferring to concentrate on emerging markets. But the following deal did warrant a mention and indeed the title of a "Best Deal of 2004".BEST DEALS OF 2004: Ettihad Etisalat, Saudi Arabia
Ringing in the changes in Saudi A US$2.35 billion Islamic transaction has set a benchmark for Islamic financing deals in years to come by becoming the biggest Islamic finance to date and the largest debt transaction ever compleBEST DEALS OF 2004 - Gaza Power Generating Private Ltd Company (GPGC), Palestine
Promising for Palestine The Gaza Strip in Palestine is an unlikely place for attracting financial backing of US$150 million for a 140MW power plant development, but 2004 saw the coming together of several years of planning andBEST DEALS OF 2004 - KCAPM, Ukraine
ECA takes full Ukraine risk In December 2004, Citigroup as the sole arranger, facility agent and sole lender, closed an innovative financing for Kiev Cardboard and Paper Mill (KCAPM) in Ukraine which the bank claimed as the firBEST DEALS OF 2004 - NTPC, INDIA
Indian power precedent HSBC and BNP Paribas closed a landmark power deal in India in August. Bankers working on the transaction believed it was the biggest financing that year for the Indian power sector, as well as the biggestBEST DEALS OF 2004 - PAKISTAN MOBILE COMMUNICATION LTD, PAKISTAN
Private precedent in Pakistan The first multi-export credit agency (ECA)-supported financing for the telecoms sector in Pakistan since 1998 and the country’s first and largest ECA-supported loan for the private sector duBEST DEALS OF 2004 - Rual Trade Ltd (BVI), Russia
Heavy metal The largest metals and mining syndicated term loan arranged to date in Russia closed in October 2004. The US$800 million structured aluminium pre-finance facility in favour of Rual Trade Ltd (BVI), a 100% subsidiaryBEST DEALS OF 2004 - Skikda Power, Algeria
Descending the risk ladder SG Corporate & Investment Banking arranged, fully underwrote and funded a US$382 million financing first for Algeria during 2004. The deal is guaranteed by US Ex-Im Bank and Export Development CanBEST DEALS OF 2004 - Tunisie Telecom
New corporate era for Tunisia In February 2004, a landmark financing transaction in Tunisia was set up by Société Générale Corporate and Investment Banking (SGCIB), to support the export of communicEmerging Markets De[bt]velopments
Iraq write-off puts Paris Club role in spotlight Paris Club influence has paved the way for an 80% debt write off, reports Heleen Rijkens of Omni Whittington Emerging Markets. The Paris CTRADE SERVICES - SWIFT TRADE SERVICES UTILITY
Green light for the TSU The Swift board has approved the development of a commercial product the Trade Services Utility (TSU) as a financial supply chain solution, Jackie Keogh , Head of
emeafinance, the complete information source for the finance industry in the EMEA region.
Singapore - October 5-6, 2010
2nd Annual Asia Trade & Export Finance Conference
London - November 3-4, 2010
2nd Annual West Africa Trade & Commodity Finance Conference
Cairo - November 10-11, 2010
3rd Annual North Africa Trade & Investment Conference
Gothenburg - November 18, 2010
3rd Annual Nordic Region Trade & Export Finance Forum
Dubai - February 15-16, 2011
8th Annual Middle East Trade & Export Finance Conference
