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Europe

  • EBRD funds Petrolinvest in Kazakhstan 11 March 2010

    The European Bank for Reconstruction and Development has approved a convertible loan to finance the completion of Petrolinvest oil exploration works in Kazakhstan.

  • Germany extends export credit refinancing 10 March 2010

    The German government has extended its export credit refinancing aid scheme for long-term export credit for a further six months.

  • Page retires at Erste bank 10 March 2010

    Erste Group Bank’s structured commodity and trade finance head has retired after 15 years at the bank.

  • 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 & the CIS

North America

  • US Ex-Im names award winners 12 March 2010

    The Export-Import Bank of the United States has named the winners for its deal of the year, small business exporter of the year and green transaction of the year awards.

  • Obama addresses US Ex-Im meeting 11 March 2010

    Remarks by President Obama at the Export-Import Bank's Annual Conference at the Omni Shoreham Hotel, Washington, DC. Source: www.whitehouse.gov

  • US Ex-Im appoints new vice presidents 09 March 2010

    The Export-Import Bank of the United States has named two new senior vice presidents for congressional affairs and small business.

  • Obama to address US Ex-Im conference 08 March 2010

    President Obama is confirmed to address US Ex-Im’s annual conference underlining the administration’s commitment to create jobs through exports.

Latin America & Caribbean

  • GBF aids agriculture in Peru 11 March 2010

    The IFC and Peru LNG have helped Agricola Viñasol to obtain a GBF loan to diversify its portfolio of agricultural products in local and export markets.

  • CAF invests in Peru infrastructure fund 05 March 2010

    The Andean Development Corporation (CAF) has approved a $40 million capital investment in the Peruvian Infrastructure Fund.

  • 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.

  • 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.

Middle East & North Africa

Sub-Saharan Africa

  • APA Insurance reinsures ATI 12 March 2010

    APA Insurance has agreed to reinsure the African Trade Insurance Agency (ATI) allowing it to cover motor and property in Kenya and Uganda against damage.

  • Skye Bank secures trade credit line with Kexim 11 March 2010

    Nigeria’s Skye Bank has signed a trade credit line with the Korean Export-Import Bank boost its trade and import operations.

  • 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.

  • 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.

North Asia & China

South-East Asia & Australasia

South Asia

  1. Obama addresses US Ex-Im meeting

  2. Export finance banks call for level playing field

  3. Trade Finance – February 2010

  4. A new trade landscape emerges in LatAm

  5. Export credit agencies to the rescue of trade finance

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?
9%
No - are you crazy? These prices are ridiculous. What were these banks thinking?
27%
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.
64%

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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