GTR Trade Finance eNews - Deals June 2009
Afreximbank loans to Nigeria’s BOI
Afreximbank has signed a US$15mn trade finance line of credit with Bank of Industry (BOI), Nigeria.
TNK-BP deal verging on close
TNK-BP’s syndicated pre-export finance facility is due to be closed imminently.
Zambia's Zanaco signs syndicated loan agreement
FMO and Proparco have signed a US$10mn syndicated loan agreement with Zambian bank, Zanaco.
Russia's Lukoil mandates on PXF
Russian oil firm Lukoil has awarded mandates on a US$1.2bn pre-export deal.
Saudi Electricity secures US-Canadian loan
Saudi Electricity (SEC) has obtained a 12-year SR4.1bn (US$1.09bn) loan from the US Ex-Im and Canada’s export credit agency, EDC.
EBRD lends to Belarus's Minsk Transit Bank
The European Bank for Reconstruction and Development (EBRD) is lending US$10mn to Minsk Transit Bank (MTB).
Brazil drillship financing closes
Brazilian drilling contractor Etesco has concluded a loan agreement for US$820mn for an ultra-deepwater drillship.
EDC supports Nokia's purchase of Nortel wireless assets
EDC is to provide US$300mn towards a US$400mn credit facility for Nokia Siemens Networks for the purchase of Nortel wireless assets.
ITFC signs syndicated trade deal in Bangladesh
The International Islamic Trade Finance Corporation (ITFC) has completed a US$400mn trade finance transaction for the People’s Republic of Bangladesh.
Germans collaborate on solar power project
A consortium of German companies plan to raise €400bn for a North Africa-based solar power project.
Canada's Agnico-Eagle raises credit line
Canadian gold producer Agnico-Eagle Mines has finalised a new non-amortising US$600mn revolving credit facility, maturing June 2012.
Raiffeisenbank raises dual tranche club deal
Raiffeisenbank Austria in Zagreb, Croatia has raised a €125mn dual tranche term loan facility on a club deal basis.
Ghana and AfDB sign road contract deal
Ghana and the AfDB have signed a supplementary financing agreement totalling US$64.65mn for the completion of three ongoing road projects.
IFC provides first ECA credit line
The IFC and BTMU have agreed to provide a US$60mn trade financing line to the Export-Import Bank of India (India Exim).
Venture Finance provides MBO funding for Turton Springs
Venture Finance has provided UK-based coil spring manufacturer Turton with a domestic and export factoring facility worth £1.1mn to facilitate a management-buy-out (MBO).
Qatar's Nakilat raises debt financing
Qatar Gas Transport Company (Nakilat) has raised US$949mn to fund the construction of a fleet of 25 LNG vessels.
China Development Bank extends credit line to MegaFon
MegaFon has obtained a US$300mn credit line from state-owned China Development Bank (CDB).
Ericsson signs bilateral loan to refinance debt
Ericsson has signed a US$625mn seven-year loan with SEK, backed partially by EKN.
Commitments for TNK-BP syndication trickle in
The last few outstanding commitments to the TNK-BP US$315mn structured pre-export finance facility are expected this week.
Pakistan power plant gets import backing
IFC, Habib Bank, and Citibank have jointly executed a trade finance transaction to help import equipment for a new power generation plant in Pakistan.
China Development Bank extends credit line to MegaFon
Russia's MegaFone obtains a US$300mn credit line from state-owned China Development Bank (CDB).
Aircastle closes ECA-backed Airbus deal
Aircraft leasing company Aircastle has closed the acquisition and lease of an Airbus A330-200 aircraft, funded by an ECA-supported loan.
Noble Group closes revolving LC and guarantee facility
Hong Kong commodities firm Noble Group has obtained a two-year US$800mn standby borrowing facility by extending an existing agreement for a smaller loan.
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