Trade Finance News

Region - CIS, Caucasus & Central Asia

February 01, 2012

VEB considers new syndication

Vnesheconombank is potentially looking to raise a syndicated loan of up to US$1bn, according to market sources.

January 25, 2012

NLMK puts potential PXF on hold

Russian steel giant NLMK has postponed a potential pre-export financing that it was looking to raise early this year.

January 18, 2012

InvestBank opens TF subsidiary

Sharjah-based InvestBank has opened a second subsidiary bank, Al Imdad to specialise in trade financing and supply chain logistics for traders and manufacturers.

January 10, 2012

Russian banks gain ground

Both state-backed and private Russian banks are increasing their capacity for trade financing, while other players retreat from the market. Rebecca Spong reports.

January 06, 2012

Norilsk closes syndication oversubscribed

Russian metals producer Norilsk Nickel has closed its US$1.5bn five-year pre-export finance facility oversubscribed.

January 04, 2012

Milkiland seals US$100mn syndicated loan

Russian and Ukrainian dairy producer Milkiland has closed a four-year US$100mn syndicated facility with three international banks to refinance its existing loans.

January 03, 2012

Acron and Sberbank sign loan agreements

Russia’s Sberbank has provided a US$100mn loan to fertiliser firm Acron to fund its trade finance operations.

January 03, 2012

Qatar Petroleum closes year's largest project financing

Qatar Petroleum has closed a US$6.6bn financing with a syndicate of over 30 banks and export credit agencies to fund the Barzan gas project.

The project will be financed with up to 30% equity while the remaining 70% will be in the form of a syndicated loan, expected to total US$7.2bn.

The loan comprises a commercial bank facility of US$3.34bn, a US$850mn Islamic facility and US$2.55bn worth of ECA financing.

December 29, 2011

Uralsib seals another oversubscribed loan

Russia’s Uralsib has raised a one-year US$132mn syndicated term loan with the support of nine international banks.

December 21, 2011

SBI opens for business in Qatar

State Bank of India is set to open an office in Qatar, a spokesperson at the banks confirms to GTR.

December 21, 2011

Alfa-Bank secures first syndication since crisis

Russia’s Alfa-Bank has closed a one-year US$250mn syndicated loan with four international banks.

December 19, 2011

Metalloinvest wins Rabobank support

Russian steel firm Metalloinvest has won a US$120mn bilateral pre-export finance facility from Rabobank.

December 14, 2011

Rosneft closes jumbo facility

Russian oil producer Rosneft has closed a US$2bn five-year credit line with Barclays Capital and 14 other banks.

December 07, 2011

Sberbank agrees deals with Mizuho

Following on from the signing of its US$1.2bn syndicated facility closed in early November, Russia’s Sberbank has returned to the market to secure two smaller bilateral transactions with Mizuho Corporate Bank.

December 07, 2011

Garanti wins jumbo syndication

Turkey’s Garanti Bank has won a US$1bn dual-tranche facility from 30 banks in 16 countries.

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Russia
Moscow - February 7, 2012 
United Arab Emirates
Dubai - February 14-15, 2012 
India
Mumbai - February 23, 2012 
South Africa
Cape Town - March 8-9, 2012 
Turkey
Istanbul - March 22-23, 2012 
Brazil
Sao Paulo - April 23-24, 2012 
Kenya
Nairobi - 22 May, 2012 
Lebanon
Beirut - 6 June, 2012 
United States
New York - 12 June, 2012 
The Netherlands
Amsterdam - 18-19 June, 2012 

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