As the clocks struck midnight, we looked back at over 700 articles, handpicking our favourite stories that made the headlines in 2021
Year: 2021
ESG – Prometeon Tyre Group signs €350m sustainability-linked credit facilities agreement
Prometeon Tyre Group, a subsidiary of Italian tyre brand Pirelli, has signed a new sustainability-linked facilities agreement led by ING Bank. The deal is comprised of a €200 million term loan and a €150 million multi-currency revolving credit facility. The tenor is three years with a one-year extension option, and the facilities are for the… Continue reading ESG – Prometeon Tyre Group signs €350m sustainability-linked credit facilities agreement
Top 12 – Christmas Countdown from TFG
As we approach Christmas – following a very unusual year for global trade – we will be taking a step back from the 2021 roller coaster and announcing our top 12 of the very best trade highlights of the year – one per day, until Christmas Day.
Islamic trade finance – ITFC welcomes new member Turkmenistan with $150m Framework Agreement
The International Islamic Trade Finance Corporation (ITFC) has signed a $150 million Framework Agreement with one of its newest members, the government of Turkmenistan. Signed as a three-year deal, the Framework Agreement will support bilateral cooperation to finance the import of essential commodities, and will support Turkmenistan’s agricultural and textile sectors. In a press statement,… Continue reading Islamic trade finance – ITFC welcomes new member Turkmenistan with $150m Framework Agreement
Trade Finance Global’s Year in Review
It has, once again, been a tumultuous year for global trade and finance. Here we reflect on our most popular topics, hottest headlines, and key themes of 2021.
British Exporters Association (BExA) publishes 12th annual benchmarking of UK Export Finance (UKEF)
The British Exporters Association (BExA) has published its 12th annual benchmarking report on UK Export Finance (UKEF) – the export credit agency (ECA) of the UK government. The report, published today, provides an analysis of UKEF’s activities and reflects upon the range and quality of support provided to UK exporters from April 2020 to March… Continue reading British Exporters Association (BExA) publishes 12th annual benchmarking of UK Export Finance (UKEF)
In conversation: New Enigio CEO Patrik Zekkar talks about the journey to a digital future for trade finance
This month, Trade Finance Global (TFG) Editor Deepesh Patel spoke with Zekkar to find out more about his journey to Enigio, his new role, and his outlook on digitalisation in trade and supply chain finance.
Short-term, low-risk, self-liquidating – Santander’s Alberto Amo on trade finance as an investable asset class
Having joined Spain’s Banco Santander in 1997, Alberto Amo spent eight years as a corporate banking director before gravitating towards trade finance.
VIDEO: Willis Towers Watson’s Chris Hall on ITFA expansion, trade credit and non-payment insurance
Like many organisations during the COVID-19 pandemic, the International Trade and Forfaiting Association (ITFA) has had to adapt to a changing business landscape.
ICC launches Legal Reform Advisory Board to support harmonisation of Digital Standards Initiative (DSI)
The International Chamber of Commerce (ICC) has launched a new Legal Reform Advisory Board (LRAB) to support the legal harmonisation efforts of the ICC Digital Standards Initiative (DSI).
CASE STUDY: Swiss export credit agency, SERV, co-insures €130m of €1.5bn Turkish infrastructure project
SERV, the export credit agency of the Swiss government, has successfully co-insured part of a major Turkish infrastructure project worth €1.5 billion.
In this article, Viviane Gnuan-Stehli, communications manager at SERV, explains how the co-insurance deal, worth €130 million, was delivered.
‘More than Australia has ever offered’ – UK signs first from-scratch free trade deal of post-Brexit era with Australia
The UK has signed its first from-scratch free trade agreement of the post-Brexit era with Australia, in a deal that British negotiators have said is the best Australia has ever offered. Announced by the UK’s Department for International Trade (DIT) last night, the deal will set new standards in digital and services trade between the… Continue reading ‘More than Australia has ever offered’ – UK signs first from-scratch free trade deal of post-Brexit era with Australia
Bank of England raises rates from 0.1% to 0.25% amid decade-high inflation and Omicron uncertainty
The Bank of England (BoE) has raised its benchmark interest rate from 0.1% to 0.25%, in its first rate hike since August 2018.
Gunvor secures $1.13bn LNG syndicated borrowing base facility with emissions measurement commitments
Gunvor Group, one of the world’s largest independent traders of liquefied natural gas (LNG), has signed a new syndicated borrowing base facility worth $1.13 billion. In what the company believes is a first-of-its-kind agreement, the LNG facility will include measurement commitments on Scope 1, 2, and 3 emissions, as per the Enterprise Carbon Accounting (ECA)… Continue reading Gunvor secures $1.13bn LNG syndicated borrowing base facility with emissions measurement commitments
New APAC free trade agreement covering third of global economy will eliminate 90% of tariffs, says UNCTAD report
A new Asia-Pacific free trade agreement covering a third of the global economy will eliminate 90% of tariffs in the region, according to a new report. A United Nations Conference Trade and Development (UNCTAD) report, published yesterday, said the agreement was also tipped to increase intra-regional exports by $42 billion among the 15 signatories. The… Continue reading New APAC free trade agreement covering third of global economy will eliminate 90% of tariffs, says UNCTAD report