Sector - Structured Trade Finance
ABCIB names new management team
ABC International Bank has restructured its management team in London.
UPDATE: Banks to sign Cocobod PXF
The Ghana Cocoa Board has confirmed that its latest commodity pre-export financing will be signed before the end of the year.
Metinvest closes PXF deal
Ukrainian steel producer Metinvest has secured a US$1bn five-year pre-export finance facility. The deal was oversubscribed and replaces two previous PXF facilities on improved terms.
Donetsksteel on lookout for new PXF
Ukraine’s Donetsksteel Iron and Steel Works has mandated Deutsche Bank to coordinate a new five-year pre-export financing facility.
Finacity arranges receivables programme
Styrenics supplier Styrolution Group has launched a €500mn global trade receivables securitisation programme to provide an additional source of funding for its operations.
Barclays adds FI trade head
Barclays Corporate continues to grow its trade finance team and financial institutions business with the appointment of Shona Tatchell as head of FI trade sales.
Deutsche global head bids farewell
A reshuffle in Deutsche Bank’s structured trade and export finance business has seen the department’s global head Klaus Michalak “relinquish” his position.
Asia Leaders in Trade 2011 results
GTR launched its first Asia Leaders in Trade Readers’ Poll this year, reflecting our increasing focus on the growing economies of the South Asia and Asia Pacific region.
UniCredit names new GTB head
UniCredit has appointed Kok-Keong Tay as head of its global transaction banking arm for the Asia Pacific region.
BNP Paribas shakes up heads
BNP Paribas has reshuffled senior positions in its Paris and London offices.
Hermes head joins Unicredit
Unicredit has brought in ex-Hermes underwriting and risk management head Kai Preugschat.
HSBC creates new Australia role
HSBC has brought in former BNP Paribas Fortis banker John Saunders to the newly created role of head of commodity and structured trade finance, Australia.
Americas banker joins BTMU
The Bank of Tokyo-Mitsubishi UFJ has brought in BBVA banker Erich Michel to head up its structured trade finance team in the Americas.
BES director leaves for HSBC
HSBC has ramped up its commodity finance offering by recruiting Andrew Robison to join its commodities and structured trade finance group.
Acron and VTB enter negotiations
Russian fertiliser firm Acron has turned to VTB to arrange the financing of equipment imports for investment projects worth US$1bn.
VTB’s involvement is still being finalised, but Acron has announced that the funding will be used to expand and upgrade ammonia production facilities and to construct a phosphate mine at Oleniy Ruchey, north west Russia.
GTR can reveal that the process is still in the early negotiation stages, and might not be finalised until early 2012.
