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18 June 2018

Future Fund reorganises investment team

Australian sovereign wealth fund Future Fund Management Agency has decided to restructure the organisation in the wake of the departure of the veteran Head of Property,...

18 June 2018

SACE forecasts continued growth in Italian exports

SACE has unveiled its new Export Report, called 'Keep Calm & Made in Italy', which forecasts Italian exports will continue to advance in 2018 (+5.8%) and in...

18 June 2018
in
Renewables

Arise signs option to acquire Krange Vind

Arise AB signed an option with NordanVind AB to acquire all of the shares in Krange Vind AB and the rights it holds for the proposed 180MW Ranasjohojden and Salsjohojden...

18 June 2018

Kimberly Reed chosen to lead US Ex-Im

The White House has chosen Kimberly Reed to take charge of the Export-Import Bank of the United States after prior nominee Scott Garrett was rejected by the Senate in...

18 June 2018
in
Transport

Deutsche Bank sells $1bn non-performing ship loan portfolio

Deutsche Bank has agreed to sell a non-performing ship loan portfolio with a notional value of $1 billion to investors Oak Hill Advisors and Varde. The clean-up of its...

18 June 2018
in
Renewables

Mainstream pushes tenor on Kangnas and Perdekraal project debt

Mainstream Renewable Power has raised around $390 million of syndicated loans from mandated lead arranger Absa and five institutional lenders – ...

18 June 2018
in
Transport

IFC completes $300m financing for ring road in Cordoba, Argentina

IFC has completed a $300 million financing package for the Provinicia de Cordoba in Argentina to fund construction of 17km of the Cordoba City Ring Road. The...

18 June 2018

EIB finances upgrade of Madrid metro

The European Investment Bank has agreed an initial €85 million loan - part of total financing of €200 million for modernisation and upgrade investment in the...

15 June 2018
in
Transport

HSH Nordbank to buy shipping loans from other banks

HSH Nordbank, once the world’s largest ship financier, is planning to buy shipping loans from other banks and make new investments in the industry as it emerges...

15 June 2018
in
Transport

Stena Atlantic closes $574m ECA-backed facility

Stena Atlantic has closed a $574 GIEK/K-sure/Kexim-backed facility to finance the purchase of a semi-submersible drilling rig. MLAs on the ECA tranches are Citi and...

15 June 2018
in
Metals and Mining

Petropavlovsk bails out IRC over ICBC repayment prior to refinancing

Gold miner Petropavlovsk has loaned $29.75 million to IRC Ltd to help an IRC subsidiary meet a payment due under an ICBC project loan. Petropavlovsk, which owns 31%...

15 June 2018

IFC boosts Mexican SME lending

IFC has provided a MXN350 million loan ($18 million) to Altum Capital, a private debt fund that seeks to expand financial inclusion in Mexico by providing financing to...

15 June 2018
in
Power, Renewables

Massachusetts utilities sign up for Canadian hydro

Power distribution companies in Massachusetts have signed 20-year power contracts to receive electricity from Canadian public utility Hydro-Quebec, subject to...

15 June 2018
in
Renewables

SoftBank eyes $1bn investment in Indian solar

Japanese public broadcaster NHK has reported that SoftBank Group Corp and the Indian government are finalising an agreement for a $60-100 billion investment in...

15 June 2018

CDC looking to take on more risk

Financial returns at UK development finance institution CDC will decline over the next five years, as part of a strategy to take on more risk after almost a...

15 June 2018
in
Renewables

Fortum wins solar and wind capacity at Russian auction

Fortum has been awarded 110 MW out of 150MW of available solar capacity at the Russian Capacity Supply Agreement (CSA) auction. The projects will be commissioned in the...

15 June 2018

KazakhExport and VTB sign conditional bank deposits agreement

KazakhExport and VTB Bank (Kazakhstan) have signed an agreement on conditional bank deposits that will open up new opportunities for Kazakh exporters. KazakhExport will...

15 June 2018
in
Transport

Boring Co selected for $1bn Chicago-O’Hare Airport transit link

Chicago has selected the Boring Company to develop a 17-mile link between an unfinished underground train station in the Loop district of the city and O’Hare...

15 June 2018

GE EFS appoints three new sector heads

  GE Energy Financial Services, the energy investing arm of GE and business unit of GE Capital, has announced that Kevin Walsh, head of renewables, and Timothy...

15 June 2018

Hub South East appoints Chair

Paul Brewer is due to take over the role of Chair of the Board from Jo Elliot at Hub South East Scotland at the end of the month. Brewer recently retired from...