GTR Trade Finance eNews - Deals October 2009
HSBC secures first with renminbi deal in Thailand
HSBC has become the first bank in Thailand to successfully complete a renminbi-denominated trade settlement for one of the bank’s corporate clients.
Italy's Sace backs Gazprom loan
The Italian export credit agency Sace has approved a guarantee on a €408mn loan granted to Gazprom, a loan which will help support the Nord Stream pipeline project.
Noble closes landmark Asia Pacific syndication
The Singapore-listed commodities trading company Noble Group has closed syndication on two revolving credit facilities.
Evraz signs credit facility with Gazprombank
Russian steel producer Evraz has signed three credit facility agreements with Gazprombank, for a total amount of US$950mn for a period of 45 months.
JBIC loans to India’s Toshiba
The Japan Bank for International Cooperation (JBIC) has signed a US$90mn loan agreement with India’s Toshiba JSW Turbine and Generator (TJTG).
Trafigura signs oversubscribed export facility
International commodities trading company Trafigura has closed a two-year US$125mn syndicated export prepayment facility.
EBRD loan supports Noble Group in Ukraine
The EBRD is providing a US$50mn financing programme to Noble Resources Ukraine, for the origination, storage, and export of agricultural commodities.
MDM loan closes oversubscribed
Russia’s MDM Bank has closed a US$175mn-equivalent dual-currency loan oversubscribed.
Emirates sets benchmark in airline financing
The Dubai-based Emirates airline has set a new benchmark in airline financing through its inaugural US bond offering guaranteed by US Ex-Im.
Millicom secures refinancing for Central American acquisition
Telecoms firm Millicom International Cellular has obtained a US$250mn syndicated term loan to refinance a bridge loan used to acquire a Central American broadband and cable TV operator.
ABC International signs Jaguar finance deal
London-based ABC International Bank has completed a new US$90mn committed trade financing facility for Jaguar Land Rover.
EFIC supports Austal ferry export
Australia’s EFIC has helped Austal win an A$74.7mn contract to provide high-speed passenger catamaran ferries to the Republic of Trinidad and Tobago.
Egypt's EGPC closes PXF
BTMU and Morgan Stanley have closed a US$900mn 42-month pre-export finance term loan facility in favour of the Egyptian General Petroleum Corporation as the exporter.
UAE's Etihad Airways signs first ECA deal
Etihad Airways, the United Arab Emirates’ (UAE) national airline, has signed its first export credit guaranteed transaction.
Brazil's CSN secures export credit lines
Brazilian steel manufacturer Companhia Siderurgica Nacional (CSN) has set up export credit lines worth R1.3bn (US$736mn) with two Brazilian banks.
Standard Chartered and OFID launch trade finance offering
Standard Chartered Bank has signed a new US$500mn risk-sharing programme with the OPEC Fund for International Development (Ofid).
Standard and JBIC sign African trade finance loan
Standard Bank and the Japan Bank for International Cooperation (JBIC) have signed a US$150mn loan aimed at boosting trade finance in Africa.
