GTR Trade Finance eNews - Deals April 2009
Katanga returns to Glencore for aid
Katanga Mining has entered into a US$50mn bridge loan agreement and a rights offering plan with shareholder Glencore Finance.
US Ex-Im approves credit line to Petrobras
The Export-Import Bank of the United States (US Ex-Im) has approved a US$2bn credit line for Brazilian energy giant Petrobras.
BNDES lends support to Brazilian aviation industry
BNDES has inked a R$254mn (approximately US$114mn) financing agreement with new Brazilian airline company Azul.
Transnet secures ECA financing
South Africa's Transnet has finalised the first rand-denominated ECA financing facility for the procurement of equipment for three ports.
Raffeisen repays syndicated loan
Raiffeisen Bank Aval has repaid the last tranche of US$100mn of a US$500mn syndicated term loan facility granted in April 2007.
Sviaz Bank repays its third syndicated loan
Sviaz Bank has repaid its third syndicated US$30mn loan in full.
TNK-BP launches syndication on pre-export finance facility
Leading Russian oil company TNK-BP has launched syndication on a US$315mn structured pre-export finance facility.
US Ex-Im provides debut financing to Indonesia’s Lion Air
US Ex-Im has approved over US$1bn in financing to support the export of up to 30 Boeing 737-900ER aircraft with CFM International aircraft engines to
Turkey’s Cengiz Enerji wins financing for power plant
The Turkish power company Cengiz Enerji has secured a US Ex-Im guaranteed US$104.8mn loan to finance imports of equipment from GE Energy.
Intesa Sanpaolo closes export credit deal in Russia
Intesa Sanpaolo has signed a €76.6mn loan for Safwood, one of the leading Italian wood product producers, in support of a greenfield project in Russia.
Eni and Gazprom sign energy deals
Italy’s Eni and Russia’s Gazprom have signed agreements representing a further step in fostering strategic cooperation between Italy and the Russian Federation in the energy field.
EDC and Nedbank sign financing agreement
Canadian export credit agency, EDC, has provided US$100mn to Nedbank to support purchases of Canadian goods and services in South Africa.
Brazil’s Usiminas raises A/B loan
SMBC and the IADB have closed a pioneering loan for Brazilian steelmaker Usiminas, an affiliate of Nippon Steel.
