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November 24, 2021
The Japan Bank for International Co-operation (JBIC) has arranged a US$3bn loan in favour of Abu Dhabi’s state oil company, an exporter of crude oil to Japan. JBIC, a public finance institution, is providing US$2.1bn of the total financing sum, with the remainder being lent by commercial lenders SMBC, Mizuho, MUFG and HSBC’s Tokyo branch. ...
November 24, 2021
BNY Mellon has completed its first trade finance deal using CME Group’s secured overnight financing rate (SOFR), as global banks ramp up preparations for the phasing out of Libor-based transactions. The New York-headquartered lender announced last week it had issued a trade finance loan with Brazil’s Banco Bradesco using the SOFR reference rate, which was recommended ...
November 23, 2021
Investec Bank has closed a sustainability-linked term loan, securing a US$600mn facility from 22 banks. The South African lender will use the financing for corporate purposes and for refinancing a US$500mn syndicated term loan signed in November last year. This year’s facility was significantly oversubscribed, having been launched at US$300mn. It has a tenor of ...
November 23, 2021
Companies linked to Singapore trade finance platform Triterras have sought to take control of several insolvent traders in India, despite historic accusations of fraud against those firms, documents show. Corporate registry information and stock exchange filings show that two Hyderabad-based trading companies – Sujana Universal and Splendid Metals – have already been taken over by a Triterras-related company in recent ...
November 23, 2021
Deutsche Bank and global commodities trader Mercuria have settled a US$21mn dispute stemming from the Qingdao metals scandal exposed in 2014, court documents show. Mercuria filed a claim against the German lender in London’s High Court in November 2019, seeking damages, interest and costs over a 2014 deal in which Mercuria paid the bank for ...
November 6, 2021
Find the Latest Local and International News including Sports, Analysis, Business, Weather and more from the Definitive Brand of Quality News in Ireland.
November 6, 2021
The Irish Times has teamed up with Grace OMalley Spirits to offer five lucky readers the chance to win a ‘West of Ireland’ themed hamper dedicated to the legendary Irish Pirate Queen.
November 5, 2021
This notice sets out how the statutory obligations relating to the management of personal data will be addressed by the Biometrics Commissioner and the Office of the Biometrics Commissioner (OBC).
November 4, 2021
This notice sets out how the statutory obligations relating to the management of personal data will be addressed by the Biometrics and Surveillance Camera Commissioner and his team (Office of the Biometrics and Surveillance Camera Commissioner - OBSCC).
November 3, 2021
Find the Latest Local and International News including Sports, Analysis, Business, Weather and more from the Definitive Brand of Quality News in Ireland.