Glencore pulls in jumbo revolver
Glencore International has signed oversubscribed revolving credit facilities worth US$12.8bn to renew its existing loans.
The facilities were initially launched at US$10bn, and according to Glencore were substantially oversubscribed due to strong demand from financial institutions globally.
UPDATE: Senate approves US Exim reauthorisation
The US Senate has voted in favour of the reauthorisation of the US Export-Import Bank (US Exim), which will see the bank’s charter extended through to September 2014 and its lending cap raised to US$140bn.
Isbank secures syndication
Turkey’s Is Bankasi has signed a one-year US$1.2bn equivalent syndicated dual tranche loan with 51 banks.
HSBC boosts Asia trade team
HSBC has made two appointments within its global trade and receivables finance team.
WFW appoints Singapore associate
Law firm Watson, Farley and Williams has strengthened its international practice in Asia with the appointment of Manik Verma.
Learning new tricks
With trade finance volumes falling and the capacity of traditional banking players reducing, it is time to think differently about how to finance this market. Rebecca Spong reports.
GTR names top law firm
SNR Denton has once again been voted the best law firm in trade finance in GTR’s annual readers’ poll.
