UPDATE: Senate approves US Exim reauthorisation
The US Senate has voted in favour of the reauthorisation of the US Export-Import Bank (US Exim), which will see the bank’s charter extended through to September 2014 and its lending cap raised to US$140bn.
US Exim backs Textron exports
US Exim has approved a guarantee on a US$350mn loan to industrial conglomerate Textron.
Glencore pulls in jumbo revolver
Glencore International has signed oversubscribed revolving credit facilities worth US$12.8bn to renew its existing loans.
The facilities were initially launched at US$10bn, and according to Glencore were substantially oversubscribed due to strong demand from financial institutions globally.
ADB and India seal SME loan
The Asian Development Bank has agreed a US$100mn loan with the Export-Import Bank of India to help smaller Indian SMEs gain access to export finance.
ABN Amro unveils Shanghai office
ABN Amro has opened a representative office in Shanghai to support its energy, commodities and transportation (ECT) business in the region.
