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12 June 2020

EBRD extends loan to Akbank to boost lending to Turkish businesses

The EBRD has continued its efforts to support Turkish businesses struggling as a result of the Covid-19 pandemic by providing a new $75 million loan to Akbank. The DFI Is...

12 June 2020
in
Waste and water

AIIB reviews Uzbek water supply plant

Asian Infrastructure Investment Bank (AIIB) made its concept decision on the $489 million Khorezm and Karakalpakstan water supply and sanitation brownfield project in...

12 June 2020
in
Renewable energy

d.light and SFC launch Kenyan solar receivables financing

Solar Frontier Capital and d.light have established Brighter Life Kenya 1 (BLK1), a $65 million receivables financing platform. The off-balance sheet financing vehicle...

12 June 2020

Bulgarian Development Bank to acquire minority stake in Fibank

The Bulgarian Development Bank is to buy up to 70% of the capital increase by First Investment Bank (Fibank). Fibank will issue 40 million new shares to cover a capital...

12 June 2020
in
Renewable energy

IFC proposes $87 million loan package for Myanmar solar

The IFC has proposed an additional $87 million investment package for Yoma Micro Power. Proceeds will fund the construction of micro solar power plants for off-grid...

11 June 2020

AIIB debuts with sustainable panda bond

The Asian Infrastructure Investment Bank (AIIB) has priced its debut renminbi-denominated sustainable development bond in the China Interbank Bond Market (CIBM). The RMB3...

11 June 2020

IADB prices new global benchmark

The Inter-American Development Bank (IADB) has priced a new $4 billion five-year global benchmark. The issue pays a semi-annual coupon of 0.625% and matures on July 15...

11 June 2020

FMO's CEO to step down

Peter van Mierlo will be stepping down as CEO of FMO. The development bank's supervisory board has asked van Mierlo to stay for another three months in an advisory...

11 June 2020

EBRD loans $25 million to Armenia's InecoBank

The EBRD has extended a $25 million loan to Armenia's InecoBank to back the country's Covid-19 response. The funds will primarily support SMEs in Armenia's...

11 June 2020
in
Agriculture/food chain

Baryshevska Grain gets more EBRD backing

Ukraine-based Baryshevska Grain Company (BGC) has raised a commitment from the EBRD for up to €7 million of additional debt to support its working capital needs. In...

11 June 2020
in
Renewable energy

ADB signs on debt for Bangladeshi solar plant

Asian Development Bank (ADB) has signed a $17.7 million 12-year loan that will part finance the 35MW Spectra Solar Park (SSPL) project – a joint venture between...

11 June 2020

World Bank prices sustainable development bond

The World Bank has priced a C$1.5 billion ($ 1.1 billion) global benchmark bond maturing on 2 July 2025. The five-year issue pays a semi-annual coupon of 0.75% and has an...

11 June 2020
in
Agriculture/food chain

ADB issues Mongolian local currency bond offering

The ADB has raised a locally denominated $7.5 million equivalent bond. Although denominated in local currency, the 'nomad' 21 billion Mongolian Torog (MNT) bond...

10 June 2020
in
Social infrastructure

NIB finances commuter trains for Sweden

Nordic Investment Bank (NIB) has signed a SEK210 million ($22.8 million) 30-year loan for Transitio AB to part fund acquisition of 12 new passenger trains for the...

10 June 2020
in
Manufacturing

BNDES financial package to fall short, says Fitch

On June 4 BNDES approved a BRL3 billion ($620 million) credit line to support ethanol storage, an industry that has been hard hit by lack of demand. The credit line has a...

10 June 2020
in
Social infrastructure, Waste and water

EIB signs €122.7m loan agreement with Egypt

The EIB has signed three financing agreements with Egypt amounting to €122.7 million ($138.77 million). The first agreement, worth €120 million, will finance...

10 June 2020

AIIB agrees $750m of Covid-19 support loans for Philippines

The Asian Infrastructure Investment Bank (AIIB) has agreed to co-finance a $750 million loan to the Philippines. The loan, which has a maturity period of 12 years with a...

10 June 2020
in
Social infrastructure

AfDB launches feasibility study for $1.2m Ethiopia-Sudan railway

The African Development Bank (AfDB) has approved a $1.2 million grant to the Ethiopian government for a feasibility study into a standard gauge railway link between...

10 June 2020
in
Social infrastructure, Waste and water

CDC invests in mPharma

The UK's CDC Group has partnered with African venture capital firm Novastar Ventures to back Ghanaian healthcare company mPharma. The company reduces the cost of...

10 June 2020
in
Social infrastructure, Waste and water

Meridiam and YIT sign PPP for Finnish schools and daycare

Kumppanuuskoulut Oy – an SPC sponsored by YIT (20%) and Meridiam Investments II (80%) – has signed a 20-year construction and service agreement with the City...