TXF Podcast

EIB and IFD launch Portugal health investment programme; US DoE issues extensions for LNG exports; Cenovus to buy Husky Energy for $2.9bn

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:

• The EIB and Instituicao Financeira de Desenvolvimento (IFD) are jointly financing a €400 million investment programme aimed at upgrading infrastructure for long-term

• The US Department of Energy (DoE) has extended the terms of seven long-term LNG export authorisations through to 2050

• Canadian oil and natural gas company Cenovus has agreed to buy rival integrated energy company Husky, with Cenovus shareholders owning 61% of the combined equity and Husky shareholders controlling the rest

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US Exim mulls $500m SCF guarantee to Citibank; FC’s $35m investment in Prime Bank boosts Bangladesh SMEs; EIB issues €190m support for Romanian companies hit by COVID-19

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:

• Hundreds of companies across Romania will benefit from €190 million of new private sector European Investment Bank financing to support industries most impacted by the economic, social and health impact of COVID-19.

• The International Finance Corporation is investing in Bangladesh's Prime Bank Limited to support SMEs and companies affected by the COVID-19 pandemic

• Working capital technology solutions group Taulia has appointed Andy Lee as Director, Supply Chain Finance

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Traydstream targets corporate clients with addition of Adam Kasraoui; Aramco scales back $20bn Yanbu chemicals plant to cost cuts; EIB Group, Santander provide over €900m to support Spanish SMEs

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:

• The European Investment Bank is joining forces with Santander to provide financing on favourable terms to the Spanish small and medium-sized enterprises and mid-caps affected by the economic impact of COVID-19.

• Saudi Aramco will scale back a planned $20 billion crude-to-chemicals plant as it seeks to cut spending and preserve the world’s biggest dividend amid a slump in oil and petrochemical prices

• Traydstream has appointed Adam Kasraoui as a Global Sales & Origination Lead, expanding its sales coverage of Middle Eastern banking clients, as well as a new focus on corporate clients

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EKF receives DKK185m injection to boost companies during COVID-19; Centennial reaffirms $700m borrowing base; essDOCS, AfricaPLC unveil digital trade documents partnership

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:

• EKF, Denmark’s export credit agency, will be bolstered by a total of DKK185 million ($29.2 million) to ensure companies gain access to risk capital during the coronavirus crisis

• Colorado-based Centennial Resource Development has announced that its group of lenders - led by JPMorgan Chase Bank - has reaffirmed the company’s $700 million borrowing base

• Paperless trade group essDOCS and AfricaPLC, a B2B / B2G industrial E-commerce marketplace and fintech platform, have partnered to accelerate the use of digital trade documents in Africa

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

World Bank 'invested over $10.5bn in fossil fuels since Paris Agreement'; Kosmos borrowing base drops to $1.32bn amid COVID-19 crisis; Finastra unveils Fusion Payments To Go

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:

• The World Bank Group has invested over $12 billion in fossil fuels since the Paris Agreement - $10.5 billion of which were new direct fossil fuel project finance, according to a new report

• US upstream oil company Kosmos Energy has completed the re-determination of its reserve based lending credit facility, resulting in a borrowing base capacity of $1.32 billion

• Finastra has unveiled Fusion Payments To Go – its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

China 'orders halt to imports of Australian coal’; Proparco, Bpifrance launch Averroès Africa; BMO promises real-time cross-border payments through RTP linkup

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:

• Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth fund of funds for Africa

• China’s customs authorities have reportedly told several Chinese state-owned steelmakers and power plants to stop importing Australian coal

• Canada's BMO Financial Group has unveiled a partnership with The Clearing House Payments Company, allowing business customers in the US to receive funds immediately from any sending participant bank in the Real-Time Payments network

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

US ExIm signs $7bn trade, energy MoU with Romania; Ecuador to ink $1.4bn China oil-backed loan in November; Poland's JSW to focus solely on coking coal

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:

• Ecuador hopes to sign a new $1.4 billion oil-backed sovereign credit agreement with China next month that would restructure existing loans and encourage competition among Chinese oil trading companies

• Poland’s JSW, the European Union’s biggest coking coal producer, wants to focus solely on the fuel used in steelmaking and exit the more polluting thermal coa

• The Export-Import Bank of the United States has signed a $7 billion memorandum of understanding with Romania’s, Ministry of Economy, Energy, and Business Climate, aimed at enhancing trade and economic opportunities between the two countries

   

   

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IFC raises £1bn in largest sterling bond; Olam upsizes flagship debt facility to $1.975bn; Tradeshift hires Christophe Bodin as Chief Revenue Officer

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:

• The International Finance Corporation has issued its largest-ever pound sterling benchmark bond, raising £1 billion

• Olam upsizes flagship debt facility to $1.975bn

• US-headquartered Tradeshift has appointed Christophe Bodin as Chief Revenue Office

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Orsted takes FID for Western Trail project in Texas; UniCredit sues Hin Leong, Glencore over 'sham' oil deal; SIA debuts digital trade finance platform

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:

• Orsted has made the final investment decision on its 367MW Western Trail Wind project which is now expected to reach commercial operation in 2021

• Italy's UniCredit has sued Hin Leong Trading over a letter of credit, court documents show, one of several the Singapore oil trader sought from lenders for oil purchases but used to pay debt instead

• European payments firm SIA has launched a new platform that allows banks to fully digitize trade finance processes, making it easier and faster for corporates and SMEs operating in markets around the world to manage documentary credit dossiers

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

US Exim to support two Pemex deals and Greensill SCF facility; Cocobod signs $1.3 billion annual PXF; UK launches Trade Hub to support Scottish businesses

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:

• The Export-Import Bank of the United States (US Exim) has approved three authorisations totalling a combined $450 million in loans to back the export of energy-related goods and services abroad 

• Ghana’s Cocoa Board (Cocobod) has signed it’s annual pre-export finance (PXF) facility at $1.3 billion 

• A new Trade Hub dedicated to support the international growth of businesses in Scotland has been launched in the UK 

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.