Standard Bank, ING Wholesale Banking and Raiffeisen Bank Aval (mandated lead arrangers), Unicredito Ukraine (lead arranger) and Erste Bank, London branch (participant) have completed a US$100m three-year structured pre-export facility in favor of Grain Trading Company (GTC), one of Ukraine’s largest producers of crude sunflower oil. The facility is split into two US$50m facilities, the first for the refinancing of GTC’s existing bank debt and new capital expenditures, with a three-year tenor and the second for the financing of the annual working capital needs. This transaction sets a new benchmark for international financing of the primary agricultural processing sector in Ukraine, because of its longer than usual tenor and its security package which partially relies on fixed assets. GTC has continued to improve and expand its position in the Ukrainian agribusiness sector and this transaction recognises this, through the provision of long term financing to a company operating in a sector that is highly dependent on the annual cycles of the production of agricultural commodities in Ukraine and worldwide.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more