Sector - Acquisition Financing
Diamond open for business in UK
Diamond Bank has acquired ownership of Intercontinental Bank (UK), and is now able to operate a bank in the UK.
SC gets Northeast Asia head
Standard Chartered has appointed Peter Burnett as its regional head of corporate finance for Northeast Asia.
Rosneft gets syndicated loan
Rosneft has signed two loan agreements totalling US$16.8bn to finance the acquisition of a 50% stake in TNK-BP.
Puma Energy gets funding
Puma Energy has received a US$300mn, seven-year financing for its Central America operations.
Sace boosts funding for Italian SMEs
Italy’s ECA, Sace, has agreed a €20mn credit line with Veneto Banca to finance exports for Italian SMEs.
Shoreline gets syndicated facility
Nigeria’s Shoreline Natural Resources has signed a US$550mn syndicated bank guarantee and bridge facilities.
StanChart gets North Asia FI head
StanChart has appointed Steven Sun as head of North Asia financial institutions (FI) strategic coverage.
Owen takes the reins at RBS
John Owen has been appointed sole CEO of international banking at RBS, following the departure of Scott Barton, his former co-CEO, in August.
Japans adds to Kazakh refinery loan
Japanese banks and export credit agencies (ECAs) have signed a US$297.5mn buyer’s credit agreement with Kazakhstan’s Atyrau refinery for the modernisation of the plant.
McDonough settles in at HSBC
Michael McDonough has joined HSBC as senior vice-president and head of product in North America for global trade and receivables finance.
Transnet deal reaches financial close
A year and a half after being brought to market, financial close has been reached on a R864mn (US$105mn) deal for South Africa’s rail company Transnet.
The deal was arranged by Barclays, which acted as coordinating mandated lead arranger, and is being fully funded by Nedbank.
StanChart closes ECA-backed Airbus deal
Standard Chartered has provided a multi-million dollar loan, backed by export credit agencies, to Air Arabia for the purchase of two Airbus aircraft.
Afreximbank awarded Kenya Airways financing mandate
The African Export-Impork Bank has been named mandated lead arranger to raise financing of the purchase of 20 aircraft for Kenya Airways.
The financing package consists of a pre-delivery payments facility and an aircraft delivery finance facility to fund the delivery, between Q3 2012 and Q4 2013, of nine Boeing 787-800s, one Boeing 777-300ER and 10 Embraer 190s.
Mexican airline gets Exim-backed loan
Banco Nacional de Mexico and HSBC have approved a US$171mn loan guaranteed by US Exim for the export of American aircraft and aviation services to Mexico.
Japan supports Singaporean seawater desalination
Singapore seawater desalination firm Hydrochem has obtained a US$14.4mn buyer’s credit agreement from Japanese banks.
