Publication: Global Trade Review

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Isbank opens two lines of credit

Turkeys Isbank has secured a US$1.2bn refinancing package from a syndicate of 47 banks.Standard Chartered acted as co-ordinating bank and documentation agent, while Sumitomo Mitsui Banking Corporation (SMBC) was facility agent. The structure of the syndicate ... [Published Global Trade Review - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

KfW funds cleaner manufacturing

KfW Ipex, a profit-making arm of the German development bank, has provided finance to clean up two existing manufacturing centres. The bank loaned 21.2mn to an integrated steel works in Karabk, Turkey, operated by the countrys seventh largest steel producer, ... [Published Global Trade Review - May 24 2013]
First reported May 23 2013 - Updated May 24 2013 - 1 reports

Oyu Tolgoi nears closure

US Exim has lent US$500mn to the huge Oyu Tolgoi copper and gold mining project in Mongolia.The move comes as speculation mounts in the industry as to when the overall transaction will be closed, with sponsor Rio Tinto believed to have secured around ... [Published Global Trade Review - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Huge jump in SCF market

A new survey shows that supply chain finance (SCF) is growing at 30 to 40% annually among major banks.The Demica-authored report predicts that growth will continue at 20 to 30% for the next three years, before settling down to 10% per year by 2020.The ... [Published Global Trade Review - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Hermes distances itself from direct lending

Euler Hermes, the German export credit agency, is unlikely to start direct lending in the short to medium-term. Speaking at Exportas Europe Trade & Supply Chain Finance Conference in Hamburg, Dr Matthias Koehler, head of export financing and export credit ... [Published Global Trade Review - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Chinese banks can't compete on commodities

Chinese banks wont provide competition to the dominant western banks in the commodity finance space for three to five years. A panel at Exportas Europe Trade & Supply Chain Finance Conference in Hamburg said the banks are currently interested in supporting ... [Published Global Trade Review - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Agri promotion at ABN Amro

Suzanne Larsson-Nivard has been appointed global head of agri-commodities at ABN Amro.The role is within the Dutch banks energy, commodities and transportation (ECT) business in Amsterdam. Larsson-Nivard was most recently head of ABN Amro's agribusiness ... [Published Global Trade Review - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Tractor finance for Turkish firm

The EBRD and commercial banks have lent a Turkish tractor engine manufacturer 75mn in finance. The development bank contributed 30mn from its own account, while GTR can reveal that the remaining 45mn was syndicated to Socit Gnrale and Rabobank. The EBRDs ... [Published Global Trade Review - May 23 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Asia Leaders in Trade 2013 results

GTR is pleased to announce the results of its Asia Leaders in Trade 2013 readers' poll.Below is the complete list of winners. A full write-up will appear in the July/August issue.Best overall trade finance bank in Asia PacificHSBCBest structured commodity ... [Published Global Trade Review - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Devine intervention at Fulbright

Brian Devine has been named partner in Fulbright New Yorks shipping practice, ahead of the firms merger with Norton Rose on June 3.He joins from Blank Rome, where he worked as a shipping partner. Before this he worked as a partner at Healy & Baillie before ... [Published Global Trade Review - May 21 2013]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Brudar set to join Scotiabank

GTR speaks with the chairman and president of US Exim Bank to discuss developments in the ECA and exports markets. ... [Published Global Trade Review - May 20 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Delta to benefit from Exim again

The Export-Import Bank of the United States (US Exim) has issued a US$45.5mn loan to Brazilian airline GOL.The finance will be used to purchase maintenance service from Delta TechOps, a subsidiary of Delta Airlines. The loan comes despite the pending ... [Published Global Trade Review - May 16 2013]

Quotes

...Speaking of Devines appointment, Theochari says: "Brian will add strength to Norton Roses global transport practice. New York is a key market for the shipping sector and our international clients will benefit from Brians ship finance expertise. Traditional sources of finance for the shipping sector remain constrained and New York offers access to real sources of ship finance as the sector increasingly draws on the capitalcapital markets and private equity for its funding. Brian brings with him a huge amount of experience and will complement our existing global shipping practice."
...lead role on the two leading power projects), Indonesia, Thailand, Bangladesh, India, Malaysia, Pakistan, the Philippines, Singapore and Sri Lanka. "Martin has an outstanding reputation for projects work in Asia which he has developed over 20 years. His knowledge and expertise will be of great benefit to our clients, says Jeremy Farr, Ince & Cos global head of energy."
...Euler Hermes chairman Wilfried Verstraete adds: "This pioneering partnership between Euler Hermes and HSBC is the first of its kind, on such a global scale, in the TCI market. Demand for trade-related insurance is being driven by increased sector and geographic risks, and because today more than 80% of trade is conducted on an open account basis."
Speaking of the appointments, Richard Maxwell, XLs global head of PRTC, says: "Our success in writing political and trade credit insurance rests on our ability to know and understand them. Mena and Dane bring considerable research and international business experiences, along with analytical and investigative skills that will help us analyse our clients risks in new and emerging markets and support our underwriting units in New York, London and Singapore as we craft the right insurance coverage to help our clients take on new business opportunities."

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All (63) | News (63) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
KfW funds cleaner manufacturing [Published Global Trade Review - May 24 2013]
Isbank opens two lines of credit [Published Global Trade Review - May 24 2013]
Oyu Tolgoi nears closure [Published Global Trade Review - May 23 2013]
Huge jump in SCF market [Published Global Trade Review - May 23 2013]
Hermes distances itself from direct lending [Published Global Trade Review - May 23 2013]
Chinese banks can't compete on commodities [Published Global Trade Review - May 23 2013]
Agri promotion at ABN Amro [Published Global Trade Review - May 23 2013]
Tractor finance for Turkish firm [Published Global Trade Review - May 23 2013]
Asia Leaders in Trade 2013 results [Published Global Trade Review - May 21 2013]
Devine intervention at Fulbright [Published Global Trade Review - May 21 2013]
Brudar set to join Scotiabank [Published Global Trade Review - May 20 2013]
ONDD guarantees satellite exports [Published Global Trade Review - May 16 2013]
New STF head at Westpac [Published Global Trade Review - May 16 2013]
Roberts returns to Citi [Published Global Trade Review - May 16 2013]
Corporates slow to embrace BPO [Published Global Trade Review - May 16 2013]
Banks lead Indian march to China [Published Global Trade Review - May 16 2013]
Clifford Chance lands aviation partner [Published Global Trade Review - May 16 2013]
Delta to benefit from Exim again [Published Global Trade Review - May 16 2013]
Irish PPP on road to completion [Published Global Trade Review - May 16 2013]
Swedish biomass gets NIB loan [Published Global Trade Review - May 16 2013]
BNP gives Asia corporates greater control [Published Global Trade Review - May 13 2013]
Turkana project nears financial close [Published Global Trade Review - May 13 2013]
DB appoints two senior Asia execs [Published Global Trade Review - May 10 2013]
Landmark transaction for Belarus [Published Global Trade Review - May 10 2013]
Fimbank appoints Marnell [Published Global Trade Review - May 10 2013]
Ince & Co hires DLA head [Published Global Trade Review - May 10 2013]
Scepticism over trader house rules [Published Global Trade Review - May 09 2013]
EBRD lends to SG Bulgaria [Published Global Trade Review - May 08 2013]
Diamond open for business in UK [Published Global Trade Review - May 08 2013]
Hermes and HSBC in global tie-up [Published Global Trade Review - May 08 2013]
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