The GCC move towards an
export credit agency is attracting much interest.
Sotkamo Silver AB (HEL: SOSI1) announced on Thursday the grant by the Swedish
export credit agency of a guarantee offer of maximum EUR33,4m.
EGFI, established in 1973, as the first-established
Export Credit Agency (ECA) in Middle East and North Africa (MENA) region, is the official
Export Credit Agency of Iran, 100% government-owned and affiliated to the Ministry of Industry, Mine, and Trade.
Dewa's head said in October that the emirate's sole utility would look to raise around Dh4.5 billion ($1.23 billion) of debt in 2013 through sukuk,
export credit agency finance and securitisation deals.
It comprises a commercial bank facility of $3.34 billion, a $850-million Islamic facility and $2.55 billion of
export credit agency ("ECA") financing.
This long term financing is insured by the Italian Government's
Export Credit Agency (ECA) SACE.
The 12-year loan is guaranteed by the Vietnamese Ministry of Finance and insured by the German
Export Credit Agency Euler Hermes Kreditversicherungs AG and Japanese
Export Credit Agency Nippon Export and Investment Insurance.
Export Development Canada, Canada's
export credit agency, has hired banks for a five-year, dollar-denominated, global bond, Dow Jones has reported citing one of the banks managing the deal.
(Paris:SESG) (LuxX:SESG) has secured a EUR522,889,400 export credit funding facility guaranteed by Coface, France's
export credit agency.
Under the notified scheme, the Danish state
export credit agency Eksport Kredit Fonden (EKF) would provide export credit reinsurance to complement insurance cover available on the private market.
ECGD, theUK's official
export credit agency, is providing an export credit guarantee on a $24mbank loan to Aeroflot which it will use to finance the contract worth approximately $170m under the initial four aircraft deal.
As Australia's
export credit agency, EFIC increases Australian exports and investments by providing internationally competitive finance and insurance services to Australian exporters and investors.