Reliance Jio out to banks for tightly priced $1bn K-sure backed loan, Coface appoints new China country manager, and Glencore feels pain of Africa risk, cobalt price fall

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:

• Reliance Jio Infocomm is set to borrow about $1 billion - backed by Korea Trade Insurance Corporation (K-Sure) - to buy telecom equipment, start a new range of financial services, and unveil its home broadband pricing.

• Coface has appointed Benoit Ganzmann as China Country Manager and Head of China Global Solutions

• Glencore said its African copper business had failed to perform as expected and faced a $350 million hit on its cobalt business following a drop in prices

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