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Latest News by Sector

Commodity Finance

  • Market predicts Ghana Cocobod price drop

    08 February 2010

    Pricing for Ghana Cocobod’s annual pre-export financing looks likely to drop by at least 100 basis points according to a poll conducted by Trade Finance Magazine.

  • EDC provides loan to Chilean mine

    05 February 2010

    Canadian export credit agency, EDC, has provided a loan to Chilean mining company Minera Los Pelambres.

Export & Agency Finance

Trade & Supply Chain

  • Bain Capital invests in The Receivables Exchange

    08 February 2010

    A group of investors led by Bain Capital Ventures has completed a third round of investment for The Receivables Exchange, the online marketplace for the trading of accounts receivables.

  • CHC Helicopter increases securitisation

    08 February 2010

    Finacity Corporation, together with Norddeutsche Landesbank Girozentrale, has facilitated a European trade receivables securitisation for CHC Helicopter.

Factoring and Forfaiting

  • James Caan uses invoice finance to fund DRC acquisition

    08 February 2010

    Venture Structured Finance has provided a receivables finance package, combined with a cash flow term loan, to fund James Caan’s acquisition of medical recruitment specialist DRC Group through a BIMBO deal.

  • Bibby finances scales importer

    05 February 2010

    Bibby Financial Services, has provided a factoring facility to support a Canadian company that imports precision scales and weighing instruments from China.

Latest News by Region

Middle East & North Africa

  • Abu Dhabi planning export agency

    03 February 2010

    Abu Dhabi plans to create an export development agency in the third quarter of 2010 to boost its non-oil exports.

Sub-Saharan Africa

  • Market predicts Ghana Cocobod price drop

    08 February 2010

    Pricing for Ghana Cocobod’s annual pre-export financing looks likely to drop by at least 100 basis points according to a poll conducted by Trade Finance Magazine.

Europe

Russia/CIS

  • EBRD declares new strategy for Kazakhstan

    08 February 2010

    The European Bank of Reconstruction and Development has announced a new strategy to support Kazakhstan, which does not involve either Alliance Bank or BTA Bank.

South Asia

  • US Ex-Im celebrates Air India deal

    29 January 2010

    JPMorgan, the Export-Import Bank of the United States and the National Aviation Company of India (Air India) are celebrating the close of a jumbo US EX-Im backed financing to supply Boeing aircraft to Air India.

SE Asia & Australasia

North Asia & China

  • JBIC inks CAF trade finance loan

    01 February 2010

    Under the government of Japan’s Trade Finance Initiative, JBIC has signed its first loan to CAF to directly support trade finance.

Latin America & Caribbean

North America

  • Bain Capital invests in The Receivables Exchange

    08 February 2010

    A group of investors led by Bain Capital Ventures has completed a third round of investment for The Receivables Exchange, the online marketplace for the trading of accounts receivables.

Global

  • Bain Capital invests in The Receivables Exchange

    08 February 2010

    A group of investors led by Bain Capital Ventures has completed a third round of investment for The Receivables Exchange, the online marketplace for the trading of accounts receivables.

Poll

Has the bond market improved sufficiently to be more attractive for commodity producers than the pre-export finance market?

Yes- investment grade producers will want to dispense with high maintenance finance structures such as pre-export financings. If they can’t go unsecured they will certainly use the bond market rather go for pre-export financings.
0%
No – bond investors aren’t ready yet for to do these types of credit. This is why we are now seeing a lot of listed metal producers in developed markets mandating for pre-export loans for the first time. The bond market is still much too volatile.
67%
Maybe – the bond market has not been tested this year for large commodity producers. It depends if any of the producers feel brave, or foolish, enough to attempt it and perhaps create a benchmark for others to follow.
33%

Quote

Asia's domestic demand base and growth therein helps provide a significant buffer against external events.

Sumanta Panigrahi at Citi in Hong Kong - Asian resilience helps cap-ex deals