Coface to acquire GEIK's short-term export credit insurance arm; Metalloinvest prices bond via public offering; and Olam nets post tax gain for Q4 2019

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Singapore-headquartered Olam International recorded a net one-time post tax gain of about $72 million arising from exceptional/one-off items in its unaudited financial statements for Q4 2019

• Coface has signed an agreement with the Norwegian ministry of Trade, Industry and Fisheries regarding the acquisition of GIEK Kredittforsikring, which writes and manages the short-term export credit insurance portfolio previously underwritten by the ECA, GIEK

• Russian iron ore and HBI producer Metalloinvest has priced its BO-04 series bonds for a total amount of RUB10 billion through a public offering

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