GTR Trade Finance eNews - Deals February 2009
Sberbank and MMK ink a loan agreement
Magnitogorsk Iron and Steel Works (MMK) has signed a three-year R12bn non-revolving loan to finance the construction of its new plate mill project.
German truck producer closes syndicated loan and revolving credit facilities
German manufacturers of engineering equipment and commercial vehicles MAN have successfully closed a €2bn syndicated term loan and revolving credit facility.
EBRD leads financing for Integra Group
The European Bank for Reconstruction and Development (EBRD) has raised US$250mn in long-term funding for Russian oilfield services provider Integra in order to restructure its balance sheet.
BNDES approves power plant loan
The Brazilian Development Bank, BNDES, has approved R$7.2bn (US$3.1bn) in financing for the construction of the Jirau power plant.
Lukoil seeks mega PXF
Russian oil major Lukoil is looking to raise US$1bn-plus in pre-export financing, say market sources.
EAIF finances projects in Kenya and Algeria
The Emerging Africa Infrastructure Fund (EAIF), a debt fund supporting infrastructure development in sub-Saharan Africa, is to provide US$22mn in financing for two vital environmental and construction projects in Kenya and Algeria.
Unibanco closes IFC syndication
IFC, a member of the World Bank Group, has completed syndication of a US$60mn transaction for Unibanco, one of Brazil’s largest banks.
Trafigura launches revolving credit facility
Trafigura, the global commodities trading group, has launched a US$350mn multi-currency revolving credit facility.
EBRD completes loan for UralTransBank
The European Bank for Reconstruction and Development (EBRD) has completed a planned US$12mn 10-year subordinated loan to strengthen the balance sheet of UralTransBank (UTB).
Russia's Mechel receives additional credit
Mechel, one of Russia’s leading mining and metals companies, has secured credit lines for its subsidiaries totalling US$1bn from Gazprombank.
EFIC assists with business expansion in Indonesia
Australia’s export credit agency, Export Finance and Insurance Corporation (EFIC), is supporting Leighton Holdings, Australia’s largest construction and contract mining group, with financing that will assist in delivering a number of mining services contracts in Indonesia.
Loan boost for Palestinian telecom operations
Mobile operator Wataniya Palestine Telecom (WPT) has secured US$85mn in funding to support the next phase of its mobile network build-up.
US Ex-Im makes direct loans
The Export-Import Bank of the United States (US Ex-Im) closed two direct loans last week totalling US$165mn.
Pertamina wins Nexi-insured loan to expand refinery
Indonesia’s state-owned oil and gas company, Pertamina has received a US$225mn financing commitment from a consortium of foreign banks.
Evraz completes sale of NS Group to TMK
The Evraz Group, Russia’s largest steel and mining company, has announced the completion of a deal to sell the remaining 49% in the US steel and tube maker NS Group to Russia's TMK for US$508mn.
