TXF: 20 Minutes With

ECAs announce mining deals; Finnvera seals largest ever telecoms facility; LME grapples with new sanctions

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Kexim, K-Sure and JBIC have announced new deals to support critical mineral projects in Argentina and Chile while EDC has expressed interest in Australian rare earths
Finnvera has closed a $1.5 billion deal that supports exports of Nokia's 5G technology for Reliance Jio in India
The LME is set to impose new rules to limit profiteering from rent-sharing agreements after the US and the UK announced new sanctions on Russian metal
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

EU proposes ECA fossil fuels ban; Trafigura secures JBIC facility; SACE releases annual numbers

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
The EU has proposed an amendment to the OECD Arrangement that would effectively ban ECA financing for the fossil fuel value chain
Trafigura has secured a $560 million financing with JBIC and SMBC that is linked to LNG imports for Japan
SACE has released its annual numbers for 2023 after a year in which it led the way as the most active ECA in the market
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

JBIC and CFE confirm buyer credit deals; Kexim opens Poland offices; Trafigura admits to US bribery charges

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
JBIC has agreed a pair of buyer credit deals with the Mexican utilities company CFE related to two new combined cycle gas power plants
Kexim has opened offices in Poland as it looks to build on Korea's emerging economic partnerships in eastern Europe
Trafigura has pleaded guilty to US charges of bribery in Brazil and will pay $126 million in fines
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

ECAs back Chilean copper in $2.5bn financing; Glencore considers options for coal; Eksfin supports Hornsea 3

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
A group of ECAs have provided direct lending services as part of a major $2.5 billion financing for expansion at Chile's Centinela copper mine
Glencore is considering plans for its coal business as it finalises a deal to acquire assets from Teck Resources
Norwegian ECA Eksfin has agreed a deal to provide €525 million to Orsted for the UK's Hornsea 3 offshore wind farm
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Olam secures SACE-backed facility; Trafigura closes European RCFs; HSBC leads Sizewell C funding push

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Olam Food Ingredients has secured a $500 million samurai facility with the backing of the Italian ECA SACE
Trafigura has closed a total of $5.6 billion through its annual European RCFs with a total of 54 financial institutions
HSBC is leading the push to secure equity investment and debt facilities for the UK's Sizewell C nuclear plant with the support of UKEF
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

US banks quit Equator Principles; Siemens secures €4 billion credit line; Gunvor agrees to $660mn bribery fine

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Four US banks have decided to quit the Equator Principles, an industry benchmark measuring the environmental impact of project finance
Siemens Energy has agreed a €4 billion credit as part of its efforts to secure the future of its embattled wind turbine unit, Siemens Gamesa
Gunvor has pleaded guilty to charges of bribery in the US after a long-running probe into its activities in Ecuador
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Ex-Vitol trader found guilty of corruption; Serbia in talks with UKEF for energy projects; Australia publishes defence exports strategy

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
A former Vitol oil trader has been found guilty of corruption by a New York court as part of a US Justice Department probe
Serbia is in talks with UKEF for support as it considers plans to invest heavily in its energy sector
Australia has published a new defence exports strategy in a bid to increase its share of the international military industry
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Eutelsat seeks ECA support for satellites; Sumitomo Heavy Industries to leave shipbuilding behind; Polymetal secures sale of Russian assets

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Eutelsat is in discussions with ECAs in India, France and the UK over support for its second generation OneWeb satellites
Sumitomo Heavy Industries is set to depart the shipbuilding business after more than 125 years of activity
Polymetal has agreed a $3.69 billion deal to sell its Russian assets to a Siberian gold miner
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.