News
EGPC, the national oil company of Egypt, certainly stepped out into the pre-export finance (PXF) market in 2009 with this $900m facility with BTMU and Morgan Stanley the outright leads.
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News
"Must have been like herding cats through a catnip farm. My verdict? Extreme structured trade finance: should get its own programme on the Discovery Channel."
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News
A Deal of the Year Award does not necessarily have to be the biggest or most exotic. Sometimes, simply pulling together multiple participants, overcoming market hysteria and seeing the ‘long game’ is what really raises eyebrows and the interest of our judges.
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Regular
Uniform Rules for Forfaiting have moved a step closer following the third meeting of the Drafting Group in late January. By Richard Willsher.
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Feature
The Rusal debt restructuring was one of the biggest the world has ever seen. But thanks to the professional approach by international lenders – and the client – the outcome was positive for everyone involved.
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Regular
Forfaiter Sal Chiappinelli talks to TFR about the Kazakhstan banking workout, the prospects for forfaiters in an uncertain economic climate and the latest in Swiss Forfaiting’s long-running saga with Portuguese bank BPN.
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Regular
To start the year, we have seen minor price reductions in the lower pricing thresholds for Nigeria, Brazil, China and South Korea, and a minor increase for Sri Lanka. As before, many underwriters remain cautious about insuring trade assets in Sudan, Venezuela, Ecuador, Pakistan and Ukraine.
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Regular
The latest emerging market debt pricing figures from specialists Omni Bridgeway.
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News
Insurance giant Zurich has named Daniel Riordan, Head of Zurich’s Surety, Credit and Political Risk group, as President of its North America Commercial Specialties unit.
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News
TNK-BP stands to lose control of the Kovytka gas field following a recommendation from the Russia’s environmental protection agency, RosPrirodNadzor.
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News
Russian oil producers Bashneft, Gazprom Neft and Tatneft are all expected to tap international markets during the year as liquidity improves.
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News
Last year was an unusual year for TFR’s Deals of the Year Awards – the Ghana Cocoa Board (Cocobod) wasn’t in it.
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News
In the book, How to Get Rich, self-made publishing millionaire Felix Dennis warns against factoring – you’re only taking money from the future and from there onwards, it’s a downward death-spiral, he says.
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Our annual Deals of the Year Awards were certainly an interesting event. While the beginning of the year opened in gloom and crisis, the end of the year was marked by considerably more activity than a year earlier.
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News
Kees Hoving has moved from Royal Bank of Scotland to become Managing Director, Regional Head of Trade Finance and Cash Management Corporates Business for Germany, at Deutsche Bank.
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Regular
While the major developed economies have emerged slowly from recession, with trade still depressed, the major economies of Asia are forging ahead, according to Tan Kah Chye at Standard Chartered.
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News
EBRD has made a €150m sovereign loan to Serbia’s Srbijagas, the state-owned gas transmission, storage and distribution company, to enable it to upgrade the country’s gas transmission network.
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Regular
In March 2009, the International Monetary Fund (IMF) disbursed about $200m to the Democratic Republic of Congo (DRC) in a bid to protect the country from the worst effects of the global economic crisis.
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News
UK exports fell by £1.4bn ($2.1bn) – 6.9% – to £19.5bn ($29.15bn) in a surprise month-on-month fall from December 2009.
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News
Companies that purchased international air cargo or air freight services in Europe, between 2000 and 2006 inclusive may be able to claim for refunds for the amount overcharged due to alleged price-fixing by airline companies.
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News
General Electric CEO Jeffrey Immelt and James Owens, CEO of Caterpillar, will deliver the opening speeches at the Export-Import Bank of the United States 2010 annual conference in Washington, DC on 11 March 2010.
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