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  • Nyrstar debut borrowing base oversubscribes

    09 March 2010

    A debut borrowing base facility for zinc producer Nyrstar has closed “massively” oversubscribed. More »

  • Standard Bank and OFID partner for trade

    05 March 2010

    Standard Bank and the OPEC Fund for International Development have today signed an agreement to launch two African trade financing initiatives. More »

  • DLA Piper sets sights on Brazil

    03 March 2010

    DLA Piper has signed a cooperation agreement with Brazil’s Campos Mello Advogados, promising “more to come” in Latin America. More »

  • Audience response – STEF Americas 2010

    02 March 2010

    Results from the Audience Response System sponsored by BBVA at the 12th Annual Structured Trade & Export Finance in the Americas Conference. More »

  • Export credit agencies ranked

    02 March 2010

    The top 38 export credit agencies have been ranked by BExA according to the different products they offer their exporters. More »

  • Update: Tatneft set to mandate banks for PXF

    02 March 2010

    Russian oil producer Tatneft is set to mandate banks this week for a jumbo pre-export financing revolver. More »

  • Gazpromneft shocks with PXF pricing

    24 February 2010

    Russian oil producer Gazpromneft has mandated SG, Natixis and BTMU for a debut pre-export financing, but the market asks: has pricing gone too low? More »

  • BExA launches trade manifesto

    22 February 2010

    The British Exporters Association (BExA) has launched a manifesto detailing a list of changes it wishes to see in the way that the UK government supports exports. More »

  • Riordan takes on new role at Zurich

    18 February 2010

    Zurich has named Daniel Riordan president of its North America Commercial Specialties unit. More »

  • GTLP nears the billion mark

    17 February 2010

    As the IFC’s Global Trade Liquidity Programme (GTLP) gets close to disbursing $1 billion, Dickon Harris spoke to German Vegarra, senior manager for global financial markets at the IFC, and Laura Mecagni, senior investment officer. More »

  • Interview: Jorge Tapia, Santander

    17 February 2010

    Jonathan Bell talks with Jorge Tapia, global head of trade, export and commodity finance at Santander, based in Madrid, about the bank’s developments in the trade finance spectrum and its plans for the future. More »

  • Interview: Olivier Paul, BNP Paribas

    17 February 2010

    BNP Paribas has once again topped the Dealogic trade finance league tables completing an impressive $11.9 billion worth of business. Dickon Harris catches up with Olivier Paul, the bank’s global head of export finance. More »

  • A new trade landscape emerges in LatAm

    16 February 2010

    Valentino Gallo, Managing Director and Americas Head, Citi, Export and Agency Finance, takes a look at the effects of last year’s dramatic shifts in the financial landscape and the way forward in 2010. More »

  • Mexico: A regional trade finance lynchpin

    16 February 2010

    Alexander R.Malaket explores the state of trade and trade finance in Mexico at a time when the country’s two Nafta partners are each dealing in their own way with the consequences of the crisis. More »

Latest News by Sector

Commodity Finance

Export & Agency Finance

  • BCC bemoans UK export finance

    10 March 2010

    A British Chambers of Commerce survey finds that UK exporting businesses are still experiencing severe difficulties securing essential export trade finance.

  • JBIC supports Indonesian power

    09 March 2010

    The Japan Bank for International Cooperation has agreed to finance two separate power projects in Indonesia.

Trade & Supply Chain

  • Comment: ONS UK Trade Statistics

    09 March 2010

    Comment from Iain MacDonald, head of trade product, Barclays and the British Chambers of Commerce following the release of today's ONS UK Trade Statistics.

  • BAML names EMEA treasury head

    08 March 2010

    Bank of America Merrill Lynch has named a new regional treasury executive for Europe, the Middle East and Africa.

Factoring and Forfaiting

Latest News by Region

Middle East & North Africa

  • BAML names EMEA treasury head

    08 March 2010

    Bank of America Merrill Lynch has named a new regional treasury executive for Europe, the Middle East and Africa.

Sub-Saharan Africa

  • IFC aids African credit reporting

    08 March 2010

    The International Finance Corporation has hosted a series of workshops to improve credit reporting in Ethiopia, Mozambique and Tanzania.

Europe

  • BCC bemoans UK export finance

    10 March 2010

    A British Chambers of Commerce survey finds that UK exporting businesses are still experiencing severe difficulties securing essential export trade finance.

Russia/CIS

  • EDC finances Russia gas tech purchase

    05 March 2010

    Export Development Canada is providing a $48 million loan to Russia’s Gazprombank to finance the purchase of equipment to capture and process flared gas.

South Asia

SE Asia & Australasia

North Asia & China

Latin America & Caribbean

North America

Global

  • Export credit agencies ranked

    02 March 2010

    The top 38 export credit agencies have been ranked by BExA according to the different products they offer their exporters.

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  1. Trade Finance – February 2010

  2. Export credit agencies to the rescue of trade finance

  3. A new trade landscape emerges in LatAm

  4. Export finance banks call for level playing field

  5. Export credit agencies ranked

Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?
12%
No - are you crazy? These prices are ridiculous. What were these banks thinking?
38%
Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.
50%

Quote

With a number of banks I think we will all come out of this stronger if anything – and what I hope bank managements are doing is comparing this business with other business lines within their banks. They will find commodity finance is a winner.

Karel Valken, global head of agri, global trade and commodity finance, Rabobank - December 2009


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