Credit line

Germany wants to increase gas trading center credit line to 20 billion euros – document

BERLIN, Nov 21 (Reuters) – Germany wants to provide an additional 5 billion euros ($5.1 billion) credit to the national gas market exchange center to enable forward sales of storage facilities gas, according to a Finance Ministry document seen by Reuters. . This brings the total amount of credit for Trading Hub Europe (THE) to […]

Credit line

Boulder’s Biodesix Offers New Shares to Strengthen Credit Line

Biodesix Inc. (Nasdaq: BDSX), a life sciences company specializing in the development of tools for detecting lung diseases, has launched a new public offering of 30.5 million shares to meet the terms of a new $50 million line of credit with a healthcare investment company. The company plans to raise $35.1 million with its public […]

Credit line

Shelter Afrique approves an additional $13 million line of credit for Mixta Africa

Pan-African housing development financier Shelter Afrique has approved a $13 million line of credit to Lagos-based real estate company, Mixta Real Estate PLC. The 5-year facility with a 24-month moratorium has been structured to finance the group’s ongoing real estate projects in Côte d’Ivoire, Senegal and Morocco. According to a press release, the $13 million […]

Credit line

Freshfields advises on an 800 million euro credit line for Vitesco Technologies Group

New November 10, 2022 Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) advised a consortium of banks on an €800 million ESG-related Revolving Credit Facility (RCF) for Vitesco Technologies Group AG (“Vitesco Technologies”) ). The funding was secured by Deutsche Bank (Facility Agent), ING Bank (Documentation Agent), JP Morgan SE, LBBW (ESG Coordinator) and UniCredit […]

Credit line

Seylan Bank to support small tea producers through AfDB line of credit

Seylan Bank has become one of the participating financial institutions in a program set up by the Asian Development Bank (AfDB) and the Ministry of Finance to develop smallholder tea farmers on the island. The AfDB, through the Project Management Unit of the Development Finance Department (DFD) of the Ministry of Finance, has offered a […]

Credit line

OIG refuses to impose sanctions on health system line of credit

On September 6, 2022, the Office of Inspector General (OIG) issued Advisory Opinion 22-17 (Advisory Opinion), in which it declined to impose sanctions against a nonprofit regional health care system. lucrative 501(c)(3). which operates four hospitals (health system) and one clinic that provide services in geographic areas that have been designated as medically underserved areas […]

Credit line

$13.5m AfDB Line of Credit to Support Working Capital Needs of Crisis-Hit MSMEs – Business News

Micro-small and medium enterprises owned/led by women are known to be an important source of employment and poverty alleviation in Sri Lanka AfDB agrees to reallocate US$13.5m line of credit to support working capital needs of MSMEs Finance Ministry says SL cannot apply for new AfDB loans due […]

Credit line

NMB secures US$10m line of credit -Newsday Zimbabwe

NMB Bank FINANCIAL services company, NMB Bank, received a $10 million line of credit from the Eastern and Southern Trade and Development Bank (TDB) to finance exporters. Over the past year, the institution has mobilized crucial lifelines to strengthen Zimbabwe’s productive sector. NMB Bank says it relied on its strong international shareholder profile to secure […]

Credit line

Morocco abandons bond issuance for IMF credit line: minister

By Ahmed Eljechtimi RABAT, October 25 (Reuters) – Morocco has not issued an international bond this year due to market volatility and rising interest rates, opting instead for a line of credit from the International Monetary Fund to shore up public finances, it said on Tuesday. the Minister of Finance. The last time Morocco issued […]

Credit line

AfDB approves $25m line of credit for FSDH Merchant Bank

The Board of Directors of the African Development Bank (AfDB) Group has approved a $15 million trade finance line of credit and a $10 million transaction guarantee for FSDH Merchant Bank. The AfDB Country Department in Nigeria made this known in a statement by Chukwuemeka Ezekiel yesterday. According to the statement, FSDH will use the […]

Credit line

Flexport Juice Trade Finance Program with $200M Line of Credit from KKR

Flexport Capital, the trade finance arm of third-party logistics provider Flexport, announced Thursday that it has secured a $200 million credit facility from insurance accounts managed by global investment firm KKR to support the expansion. geography continues and the development of more financial products. Flexport’s suite of financial services provides importers and exporters with access […]

Credit line

Sri Lanka secures long-term credit line from Russia for fuel

* Sri Lanka secures long-term credit line from Russia for fuel Wednesday, October 19, 2022, 9:09 p.m. SL time, ColomboPage News Desk, Sri Lanka. 19 October, Colombo: The Sri Lankan Embassy in Moscow announced that a fruitful discussion had taken place with the Government of the Russian Federation on the possibility of obtaining a long-term […]

Credit line

OFW line of credit pushed to Congress

Read this in the Manila Times digital edition. CITY OF BACOOR, Cavity: Cavite Second District Representative Lani Mercado-Revilla lobbied for the creation of a credit assistance program for Overseas Filipino Workers (OFW) through House Bill (HB) 3378. The bill aims to protect new hires in particular from indebtedness and loan sharks before they leave the […]

Credit line

Morocco Set to Ditch Bond Market Yield, Could Use IMF Credit Line

(Bloomberg) — Morocco is set to suspend a planned sovereign bond issue this year and may use its line of credit with the International Monetary Fund instead, according to a person with knowledge of the matter, as the government seeks a cheaper solution. way to pay off debt maturing in December. Bloomberg’s Most Read The […]

Credit line

NextPlay’s NextBank Secures $200,000,000 Revolving Line of Credit

NextPlay Technologies, Inc. Positions Bank to grow online banking and loan processing businesses SUNRISE, FL, Oct. 11, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — NextPlay Technologies, Inc. (Nasdaq: NXTP)a native digital ecosystem for finance, digital advertisers and video gamers, today announced that NextBank InternationalInc. (“NextBank”), the international banking unit of the fintech division of NextPlay, […]

Credit line

AfDB approves $25 million line of credit for FSDH Merchant Bank

The Board of Directors of the African Development Bank (AfDB) Group has approved a $15 million trade finance line of credit and a $10 million transaction guarantee for FSDH Merchant Bank. The AfDB Country Department in Nigeria made this known in a statement by Chukwuemeka Ezekiel yesterday. According to the statement, FSDH will use the […]

Credit line

eclg: the government strengthens the line of credit for airlines

The government has expanded the scope of the Emergency Line of Credit Guarantee Scheme (ECLGS) to improve eligibility for the maximum loan amount for airlines under ECLGS 3.0. The change will allow cash-strapped airlines like SpiceJet, Go First to get more unsecured loans under the scheme. Alarmed by the poor financial condition of Indian airlines, […]

Credit line

India and Maldives seal pact on $100m line of credit for infrastructure projects

India continues to support the long-term development and progress of the Maldives as the two countries on Sunday exchanged an agreement for a $100 million line of credit (LOC) to aid and facilitate key infrastructure projects in courses in the island nation. India also handed a rapid launch to Maldives Correctional Services with the help […]

Credit line

Financial Products Group Co., Ltd. enters into a committed line of credit agreement

Financial Products Group Co., Ltd. announced that it had decided to enter into the committed line of credit agreement on September 22, 2022. FPG has entered into committed line of credit agreements and overdraft agreements with financial institutions to enable the flexible supply of funds for project arrangement in the leasing fund business and product […]

Credit line

Nigeria: Shelter Afrique approves a $19.5 million line of credit to a Nigerian company for affordable housing

Shelter Afrique has granted a line of credit of $19.5 million to the real estate company Mixta Real Estate PLC based in Lagos The 7-year facility with a 24-month moratorium was structured to co-finance investments in Mixta’s affordable residential projects and for debt refinancing Of this amount, US$9.75 will be used to co-finance 1,171 affordable […]

Credit line

Mount Logan Capital Inc. extends line of credit to fund seed investment in new interval fund – Bollyinside

TORONTO, September. February 19, 2022 (News) – Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan”, “us”, “we” or “the Company”) is pleased to announce that its subsidiary, MLC US Holdings LLC ( “MLC US Holdings”), is the Borrower and has entered into an addendum (“First Schedule”) to the existing Loan Agreement dated August 20, 2021 […]

Credit line

Citi increases Home Credit line of credit

HC Consumer Finance Philippines Inc. (Home Credit) said on Wednesday that Citi Philippines, the country’s largest foreign bank by assets, increased its credit facility to the consumer finance company to 820 million pesos per compared to the 420 million pesos approved and drawn down last May. “This increase in the Social Finance Facility by Citi […]

Credit line

Renewable energy producer Axpo receives a 4.16 billion euro line of credit from the Swiss government to prepare for the European energy crisis

Image source: Axpo The Swiss company Axpo, the country’s largest renewable energy producer, announced on Tuesday (September 6th) that it had received a credit line of up to 4 billion Swiss francs (4.16 billion euros) from the Swiss government. Axpo’s board and senior management applied for a credit line on September 2. The company now […]

Credit line

Chilean fintech Xepelin secures $140m line of credit from Goldman Sachs

Chilean financial services platform Xepelin has received a $140 million line of credit from US multinational Goldman Sachs, the largest fintech credit facility to date. Xepelin secures $140 million line of credit from Goldman Sachs The line of credit, denominated in Mexican pesos, is designed to help fund further expansion in Mexico, Bloomberg reports, and […]

Credit line

WAAREE obtains a credit line of 500 Cr for solar projects

Strong points : SBI’s Rs 500 cr line of credit for unsecured financing could be a big step forward for a better understanding of solar financing for the banking sector as a whole. WAAREE Energies, India’s largest solar panel manufacturer, has reached an agreement with the State Bank of India (SBI) to avail unsecured financing […]

Credit line

Regarding the intention of AB “Ignitis grupė” to take a credit line of 75 million euros

FREE alerts on the latest news from StreetInsider.com! StreetInsider.com Top Tickers, 09/18/2022 September 6, 2022 9:05 a.m. EDT Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. AB “Ignitis grupė” (hereinafter – the Group) informs that on September 6, 2022, the Group Management Board approved the intention to enter into a […]

Credit line

Switzerland grants a 4 billion dollar line of credit to the energy company Axpo

GENEVA — The Swiss government said on Tuesday it had agreed to provide an urgent 4 billion Swiss franc ($4.1 billion) line of credit to power station operator Axpo Holding as energy prices are skyrocketing in Europe and could “endanger Switzerland’s energy supply”. Axpo, which has 30 sites in Europe, North America and Asia and […]

Credit line

IMF approves two-year $18.5 billion flexible credit line for Chile — MercoPress

IMF approves two-year $18.5 billion flexible credit line for Chile Monday, September 5, 2022 – 08:33 UTC Full article Kristalina Georgieva, Chief Executive, said: “After an impressive recovery from the fallout from the Covid-19 pandemic, Chile is facing a marked increase in global risks” The Executive Board of the International […]

Credit line

A Deep Dive into the Government’s Emergency Line of Credit Guarantee Scheme

The Emergency Line of Credit Guarantee Scheme (ECLGS) was one of the most significant government announcements at the height of the COVID-19 lockdown. Over the past two and a half years, the regime has seen regular changes. Follow us as we review its performance: Aviation, hospitality and tourism are the sectors most affected by the […]

Credit line

NIGERIA: AFD opens a €100 million line of credit for BOI’s climate

The French Development Agency (AFD) wants to contribute to adaptation and resilience to climate change in Nigeria. The Paris-based financial institution has signed a partnership with the Bank of Industry (BOI), the largest development finance institution currently operating in Nigeria, with over €4 billion in assets by 2021. AFD is providing a credit line of […]

Credit line

Austria extends a credit line to the Vienna electricity company due to soaring electricity prices

VIENNA – The Austrian government on Wednesday granted a 2 billion euro ($2 billion) line of credit to the city of Vienna for the electricity company it owns, Wien Energie, after the company applied for l helping to cover its forward margins due to soaring market prices. A price spike following Russia’s invasion of Ukraine […]

Credit line

Austria extends a credit line to the Vienna electricity company due to soaring electricity prices

A view shows the Wien Energie (Vienna Energy) office building in Vienna, Austria, August 30, 2022. REUTERS/Leonhard Foeger Join now for FREE unlimited access to Reuters.com Register VIENNA, Aug 31 (Reuters) – The Austrian government on Wednesday extended a 2 billion euro ($2 billion) line of credit to the city of Vienna for the utility […]

Credit line

Capital on Tap secures £200m line of credit from JPMorgan and Triple Point

Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access credit at a time when the UK is anticipating a recession and facing historic inflation rates. Launched in 2012, Capital on Tap provides an all-in-one small business credit […]

Credit line

KfW ready to extend credit line to Uniper as gas losses mount – sources

Gas flames from a stove are pictured in a private house, as the Russian invasion of Ukraine continues, in Bad Honnef near Bonn, Germany March 30, 2022. REUTERS/Wolfgang Rattay/File Photo Join now for FREE unlimited access to Reuters.com Register FRANKFURT, Aug 24 (Reuters) – German public lender KfW (KFW.UL) is ready to provide a line […]

Credit line

Capital on Tap secures £200m line of credit from JP Morgan and Triple Point

Capital on Tap has secured a £200m funding facility from JP Morgan and investment firm Triple Point to support small businesses in the UK. Capital on Tap Secures £200m Funding Facility The company says the funding will help small businesses access credit at a time when the UK is anticipating a recession and facing historic […]

Credit line

Emergency Line of Credit Guarantee Scheme Helps Travel and Hospitality Sector by Rs 50,000 Crore Cabinet

Information and Broadcasting Minister Anurag Thakur announced on August 17 that the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) from Rs 4.5 lakh to Rs 5 lakh crore had received Union Cabinet approval. According to the minister, the extra money will only be available for the travel, tourism and hospitality industries. After the […]

Credit line

XS Financial completes $24 million line of credit with Needham Bank

XS Financial Inc. XSHLFName XSF a specialty finance company providing CAPEX and equipment finance solutions to cannabis companies in the United States, has closed a new $24 million line of credit with Needham Bank committing $20 million and acting as administrative agent. XS Financials’ existing $4 million line of credit with an FDIC-insured bank will […]

Credit line

XS Financial completes $24 million line of credit with Needham Bank

LOS ANGELES, CA / ACCESSWIRE / August 18, 2022 / XS Financial Inc. (“XS Financial”, “XSF” or the “Company”) (CSE:XSF) (OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment finance solutions to cannabis companies in the United States, today announced that it has entered into a new $24 million line of credit (“credit facility ”) […]

Credit line

Government approves proposal to increase expenditure on emergency line of credit guarantee scheme from Rs 50,000 cr to Rs 5 lakh-crore : The Tribune India

Tribune press service New Delhi, August 17 The government on Wednesday approved a proposal by the Ministry of Finance to increase the expenditure of the Emergency Credit Line Guarantee Scheme (ECGLS) from Rs 50,000 crore to Rs 5 lakh crore and the increased amount will be set aside for l hospitality and related […]

Credit line

HOZON Auto Obtains 6 Billion Yuan Line of Credit from Huaxia Bank Shanghai Branch

Shanghai (Gasgoo)- HOZON Auto, owner of China’s New Energy Vehicle (“NEV”) brand NETA, signed an agreement with Huaxia Bank’s Shanghai branch a few days ago to carry out comprehensive strategic cooperation in areas such as conventional finance, supply chain finance, investment bank investment business, cross-border business, bond investment, digital finance business and automotive consumer finance. […]

Credit line

The commitment to sustainable development guarantees Hispasat a line of credit of 250 million euros

Hispasat renewed and expanded a credit line after the Spanish satellite operator agreed to incorporate sustainability criteria for the first time. A banking syndicate, made up of five financial institutions, granted Hispasat a credit line of 250 million euros which will be used to strengthen the company’s liquidity and support the execution of its 2020-25 […]

Credit line

Chase Line of Credit Increase: How and When to Apply

PheelingsMedia/Getty Images/iStockphoto Asking for a credit limit increase on a credit card isn’t a smart financial move for everyone, but it can benefit some cardholders. An increase in credit line can often improve a cardholder’s credit utilization score while providing more purchasing power in case of large unexpected expenses. Here’s how to request a Chase […]

Credit line

Digital lending platform Auxmoney raises €500m line of credit

Digital bank The German digital lender has attracted support from several large institutional investors to fund its peer-to-peer lending platform. Image source: CFO Daniel Drummer, CEO Raffael Johnen and COO Arie Wilder. Digital lending platform Auxmoney secured €500 million in funding for new loans. The Düsseldorf-based firm, founded in 2007, provides a lending market it […]

Credit line

India signs 6 agreements with the Maldives and offers a new line of credit of 100 million dollars

India on Tuesday signed six agreements with the Maldives to expand bilateral cooperation and offered an additional $100 million line of credit to support development projects in the island nation. The six pacts signed in New Delhi between Indian Prime Minister Narendra Modi and Maldivian President Ibrahim Mohamed Solih will strengthen their cooperation in the […]

Credit line

India offers new $100m line of credit to Maldives for infrastructure

India has offered a new $100 million line of credit to the Maldives to finance infrastructure projects, Prime Minister Narendra Modi announced on Tuesday following his talks with Maldives President Ibrahim Mohamed Solih in New Delhi. Solih, who is on a four-day official visit to India, said the additional fund would enable the implementation of […]

Credit line

India announces $100m line of credit to Maldives

NEW DELHI (AP) — India will extend a $100 million line of credit to the Maldives to support development projects, Prime Minister Narendra Modi said Tuesday after meeting with his counterpart, President Ibrahim Mohamed Solih . Solih arrived in India on Monday for a four-day visit. The two countries have signed six agreements to strengthen […]

Credit line

Eni signs a new line of credit related to sustainable development of 6 billion euros – Eurasia Review

Eni announced on Thursday that it has signed a new five-year, five-year, revolving credit line of credit linked to sustainability, linked to two objectives of its “sustainability-related financing framework” updated in May 2022. The margin of the new line of credit is linked to the achievement of sustainability objectives relating to the Upstream Net Carbon […]

Credit line

IDB approves $1.14 billion line of credit to Argentina to decarbonize its energy sector

IDB PRESS RELEASEJuly 27, 2022 The Inter-American Development Bank (IDB) has approved a $1.14 billion conditional line of credit for investment projects aimed at decarbonizing Argentina’s energy sector. The IDB Group remains committed to supporting Argentina’s development agenda with projects that have a direct development impact. Under the line of credit, the IDB authorized initial […]

Credit line

StashFin launches new line of credit card exclusively for women

Neo-banking platform Stashfin has introduced #LiveBoundless – a line of credit card exclusively for women. On the heels of new value propositions on its line of credit cards, the platform is bringing the #LiveBoundless card which aims to give more financial freedom to women. Counted among India’s leaders in the neo-banking space, Stashfin’s #LiveBoundless card […]

Credit line

Fin Min: CAF approved $500m line of credit for Peru | News | ANDEAN

approved a US$500 million conditional line of credit for fiscal sustainability and environmental issues in Peru. “It is based on what the public policy matrix is, to ensure fiscal sustainability and ensure the predictability of fiscal accounts,” he said. The Cabinet member pointed out that this line of credit has a second component which is […]

Credit line

End Min: CAF approved US$500 million credit line for Peru | News | ANDINA

approved a US$500 million contingent line of credit for fiscal sustainability and environmental issues in Peru. “It is based on what the public policy matrix is, to ensure fiscal sustainability and ensure the predictability of fiscal accounts,” he affirmed. The Cabinet member pointed out that this credit line has a second component which is related […]

Credit line

Centenary Bank obtains Sh100 billion line of credit from Proparco

Centenary Bank has received a 105 billion shillings line of credit and portfolio guarantees from Proparco in France, officials said. Proparco is a subsidiary of the French Development Agency (AFD) dedicated to private sector development. Talk to New Vision on July 18, Godfrey Byekwaso, chief financial officer of Centenary Bank, said the support will be […]

Credit line

Uniper seeks to extend $2 billion state credit line

The Uniper logo is seen outside the company’s headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay Join now for FREE unlimited access to Reuters.com Register Uniper maximizes its €2 billion credit line Proposes to pass on costs, government involvement to stabilize business Ongoing talks with Germany and Finland Bailout decision could come this week […]

Credit line

A2Z Smart Technologies extends existing line of credit with manufacturing partner Acromatis

TEL AVIV, ISRAEL /ACCESSWIRE/July 14, 2022/ A2Z Smart Technologies Corp. (NASDAQ: AZ) (TSXV: AZ), today announced the extension of its existing line of credit with Acromatis, a manufacturing partner for the company’s Cust2Mate smart carts. The expanded line of credit will enable the manufacture of an additional 5,000 of the company’s Gen 2.5 and Gen […]

Credit line

A2A S p A: , new Sustainability-Linked credit line with ESG objectives

A2A, new Sustainability-Linked credit line with ESG objectives Initiative highlights progress towards goals 8, 3, 5, 1, 10 of the UN 2030 agenda Milano, 5e July 2022 – A2A signed a contract worth 410 million euros over 3 years Linked to sustainability Revolving credit facility, linked to the achievement of three social and governance objectives. […]

Credit line

BlockFi Secures $400M Line of Credit Amid Crypto Turmoil

By Elise Hansen (July 1, 2022, 4:23 p.m. EDT) — Cryptocurrency platform BlockFi said Friday it has reached an agreement for a $400 million revolving credit facility and potential acquisition by the FTX US cryptocurrency exchange, as the digital asset industry continues to feel the effects of the market downturn. The latest deal follows an […]

Credit line

BlockFi Secures $400M Line of Credit Amid Crypto Turmoil

By Elise Hansen (July 1, 2022, 4:23 p.m. EDT) — Cryptocurrency platform BlockFi said Friday it has reached an agreement for a $400 million revolving credit facility and potential acquisition by the FTX US cryptocurrency exchange, as the digital asset industry continues to feel the effects of the market downturn. The latest deal follows an […]

Credit line

IFC announces $150 million line of credit, focused on African solar – pv magazine International

Egypt’s Elsewedy Electric, which has developed solar and storage projects on its continent, has secured a new financial package, according to International Finance Corp. July 1, 2022 max room A Daystar Power C&I solar installation in West Africa. Picture: Daystar Power International Finance Corp. (IFC) announced a loan of 150 million dollars to the Egyptian […]

Credit line

EIB and UniCredit Serbia launch €30 million Financial Impact Credit Line

BELGRADE (Serbia), June 30 (SeeNews) – The European Investment Bank (EIB) and UniCredit Bank Serbia have launched a 30 million euro ($31.2 million) line of credit aimed at promoting employment and socially inclusive entrepreneurship, the EIB announced on Thursday. The funding will enable UniCredit to on-lend to Serbian companies that are committed to improving the […]

Credit line

India and Cuba review bilateral relations and sign credit line agreement worth 100 million euros

Cuba and India held bilateral political consultations this Monday in Havana where the two delegations discussed ways to strengthen the partnership between the two countries. Saurabh Kumar, the Secretary (East) of the Union Foreign Ministry led the Indian delegation while Anayansi Camejo, the Deputy Foreign Minister led the Cuban delegation. The delegations discussed issues of […]

Credit line

Cidco Obtains ₹5,000 Line of Credit for Pmay Hsg Project | News from Navi Mumbai

NAVIGATION Mumbai: cidcoThe Navi Mumbai mega housing project under the Pradhan Mantri Awas Yojana (PMAY) has finally achieved financial close, with the planner securing the much needed line of credit (LOC) worth Rs 5,000 crore from National Bank of India (SBI). This will give a boost to the ongoing mass housing project comprising 1.12 lakh […]

Credit line

Sri Lanka to use $70m from Indian line of credit to import food

The Sri Lankan government had given approval to use an additional $70 million from India’s $1 billion line of credit during the current crisis to import essential food items. Sri Lankan Trade Minister Nalin Fernando said this would come on top of the $180 million worth of food products already imported from India under the […]

Credit line

Sri Lanka to use $70m from Indian line of credit to import food

NNA | Updated: June 25, 2022 3:33 p.m. STI Colombo [Sri Lanka]Jun 25 (ANI): The Sri Lankan government has given approval to use an additional USD 70 million from the USD 1 billion line of credit (LoC) extended by India during the current crisis to import essential food items.Sri Lankan Trade Minister Nalin Fernando said […]

Credit line

Eevia Health Plc secured an SEK 8 million line of credit for working capital purposes to fund continued growth

Eevia Health Plc(“Eevia” or “The Company”), has entered into an agreement whereby Excellity AB, Sweden will provide a line of credit for Eevia up to 8 million Swedish crownsgiving the Company greater working capital flexibility to fund its continued growth. The duration of the credit is until December 31, 2022. It is not secure. Interest […]

Credit line

Fintech firms seek six-month extension to comply with RBI credit line standards

Fintech companies will seek an extension of at least six months to comply with the latest mandate from the Reserve Bank of India, which prohibits non-bank wallets and prepaid cards from offering lines of credit on Fintech platforms. At a meeting hosted by the Digital Lenders […]

Credit line

No line of credit on prepaid wallets: what it means for users and wallet companies

In a move that could affect several fintech players, the Reserve Bank of India on Tuesday non-bank prepaid instruments (IPP) requested issuers not to charge them with a line of credit, a predefined borrowing limit. The signal from India’s central bank seems to be that it wants to put an end to Buy-Now-Pay-Later (BNPL) wallets […]

Credit line

Voyager Digital secures line of credit from Alameda and can send Three Arrows notice of default

Source: Adobe/pathdoc Voyager Digital Fundsowner of a crypto platform, today announced that it has entered into a multi-million line of credit agreement with Alameda Venturesbut also that they can issue a notice of default to the leading crypto hedge fund Capital of the Three Arrows (3AC) for failure to repay its loan. Alameda Ventures is […]

Credit line

Germany to provide 15 billion euro credit line to fill gas storage

The Astora natural gas depot, which is Western Europe’s largest natural gas storage, is pictured in Rehden, Germany March 16, 2022. REUTERS/Fabian Bimmer Join now for FREE unlimited access to Reuters.com Register FRANKFURT, June 19 (Reuters) – Germany will provide an additional 15 billion euros ($15.8 billion) in gas purchase credit lines to replenish storage […]

Credit line

Sri Lanka awaits green light from India for new fuel supply credit line

Sri Lanka is awaiting official confirmation from India on a new line of credit that would see the cash-strapped nation stock up on gasoline and diesel for the next four months, the minister said on Friday. Kanchana Wijesekara energy. Sri Lanka is currently facing its worst economic crisis since its independence […]

Credit line

AccèsBanque Madagascar obtains a $5.2 million line of credit to finance local SMEs

(Ecofin Agency) – The financing is part of Proparco’s strategy to encourage the development of SMEs in emerging markets. Proparco and the European Union recently approved a €5 million line of credit for AccèsBanque Madagascar (ABM), the Malagasy subsidiary of the German investment company AccessHolding. The line of credit will be granted in Ariary, the […]

Credit line

New Indian credit line to help buy fuel for another 4 months: Prime Minister of Sri Lanka

The Sri Lankan prime minister said authorities will ensure there is a continuous supply of fuel. (CASE) Dove: Sri Lankan Prime Minister Ranil Wickremesighe said on Tuesday that a new line of credit provided by India would support the cash-strapped island nation’s fuel purchase for another four months from July, even as 3,500 tonnes of […]

Credit line

Exim Bank extends $55m line of credit to Sri Lanka

Export-Import Bank of India has, on behalf of the Government of India, extended a short-term line of credit of $55 million to the government of Sri Lanka to finance the purchase of urea-based fertilizers, the report said. trade finance institution in a statement. The line of credit agreement was signed in Colombo on Friday by […]

Credit line

Bankrupt Sri Lanka cannot use Beijing’s $1.5bn credit line due to Chinese IMF concerns

Dove: Bankrupt Sri Lanka cannot tap a $1.5 billion line of credit from China as the Chinese fear the International Monetary Fund will force repayment delays. “There is a condition regarding the months of import cover that we need to be able to tap into this money,” Indrajit Coomaraswamy, who advises the Sri Lankan government, […]

Credit line

COPE recommends purchase of drugs with funds from Indian line of credit, other sources

CPS officials appear before COPE to discuss drug shortage Committee finds that only $55.5 million has been used as of April 22, out of a total of $200 million allocated under the ICL for drugs COPE president says drug shortage was due to management inefficiency more […]

Credit line

NMB secures EUR 12.5m line of credit from EIB

A bank listed on the ZSE, the NMB received a credit facility of 12.5 million euros from the European Investment Bank (EIB) intended for loans to the private sector with an exclusive orientation towards exporters over a period of seven years. The EIB facility, which is the lending arm of the 27-member European Union, is […]

Credit line

SDB Bank Partners with AfDB for Line of Credit for SMEs and Smallholder Tea Farmers Financial News

SDB Bank recently launched a joint initiative with the Asian Development Bank (AfDB) to provide Line of Credit (LoC) to selected Small and Medium Enterprises (SMEs) in Sri Lanka, including those run by women, are the first – borrowers on time, who lack sufficient collateral and those outside […]

Credit line

IMF Approves New Two-Year $5.4 Billion Flexible Credit Line for Peru | News | ANDEAN

The Executive Board of the International Monetary Fund (IMF) has approved a new two-year arrangement for Peru under the Flexible Credit Line (FCL) – designed for crisis prevention – for an amount equivalent to 4 .0035 billion SDRs (about $5.4 billion) . In addition, the IMF noted Peru’s cancellation of the previous agreement in the […]

Credit line

IMF Approves New Two-Year $5.4 Billion Flexible Line of Credit Agreement for Peru

The IMF today approved a two-year successor arrangement for Peru under the Flexible Credit Line (FCL), designed for crisis prevention, of approximately $5.4 billion. Peru qualifies for the FCL because of its very strong economic fundamentals and institutional policy frameworks, its track record of implementing very strong policies, and its commitment to maintaining those policies. […]

Credit line

How To Get A Line Of Credit Increase From Bank Of America – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The amount a credit card holder can spend on a card is called the credit line limit or credit limit. Cardholders can request a credit limit increase at any time, but increases […]

Credit line

EIB Board of Directors approves €4 billion credit line and EMBRACE advisory platform to support the integration of Ukrainian refugees in EU countries – World

The €4 billion credit line aims to support EU Member States hosting people fleeing Russia’s unwarranted invasion of Ukraine and to develop vital public infrastructure for refugees and communities in homepage. Board approval follows EIB engagement at global fundraising event ‘Stand Up for Ukraine’ The credit line will be complemented by the EMBRACE advisory platform, […]

Credit line

BNP Paribas to provide carbon-linked credit line to Ant Group

BNP Paribas will provide a revolving sustainability-linked line of credit to Ant Group, verifying the Chinese company’s green credentials through a blockchain-based carbon management platform. As part of this agreement, BNP Paribas will offer Ant Group revolving lines of credit with a “two-way interest rate adjustment mechanism” linked to a number of SPTs (Sustainability Performance […]

Credit line

Talks set for India to restructure $1.3bn credit line to Sri Lanka

Standard & Poor’s downgraded Sri Lanka’s long-term sovereign currency credit rating to selective default Topicssri lanka | Economic crisis | ready Abhijit Lele | Bombay Last Updated May 13, 2022 00:48 IST India will hold talks with Sri Lanka to restructure the island nation’s $1.3 billion line of credit (LOC), seeking […]

Credit line

Rule change allows airport authority to continue to use $1M line of credit

At its regular meeting on May 9, the board gave three unanimous readings of a bylaw amendment that would extend the line of credit repayment deadline from April 30 to October 31. The Moose Jaw Municipal Airport Authority can access its $1 million Line of Credit (LOC) for an additional five months after receiving the […]

Credit line

Stashfin Introduces Line of Credit Card for Women – Check Features

The neo-banking platform Stashfin presents #LiveBoundless – a line of credit card specially aimed at women. On the heels of new value propositions on its Credit Line Card, the platform is bringing the #LiveBoundless card which aims to give women greater financial freedom. Counted among India’s leaders in the neo-banking space, Stashfin’s #LiveBoundless card offers […]

Credit line

Assad signs Iranian line of credit to supply Syria with energy

Syrian President Bashar al-Assad signed an Iranian line of credit during a surprise visit to Tehran on Sunday, local Syrian media reported. The official Syrian News Agency (SANA) said Assad had signed a “new phase” of the credit line, which included supplying Syria with energy and other basic materials to fill the shortage. A line […]

Credit line

Italy’s TIM on track to secure state-guaranteed line of credit – sources

Band Giuseppe Fonte, Valentina Za and Elvira Pollina ROME, May 10 (Reuters) – Telecom Italy TLIT.MI is on track to secure state guarantees on a credit facility worth up to 3 billion euros ($3.2 billion) with a preliminary green light expected on Wednesday, three people familiar with folder. State-guaranteed loan would strengthen TIM’s position TLIT.MI […]

Credit line

Expion360 apartment on extended line of credit

Shares of Expion360, Inc. (NASDAQ:XPON) were slow to rally on Tuesday as the industry leader in lithium batteries and accessories for recreational vehicles (RVs), outdoor and marine applications , secured a $300,000 line of credit from GM Financial to expand its fleet of mobile product demonstration vehicles and sales force. Expion360 will initially […]

Credit line

Avant credit card: a small line of credit for those with limited credit

The Avant credit card is one of the most basic credit cards. It doesn’t offer a lot of benefits, and it’s designed for those who have fair credit – usually a FICO score between 580 and 669. Until you can win rewards, welcome bonus or travel benefits with this card you can build credit with […]

Credit line

Colombia: request for arrangement under the flexible line of credit and cancellation of the current arrangement

Colombia: request for arrangement under the flexible line of credit and cancellation of the current arrangement – press release; staff report; and Statement by the Executive Director for Colombia Publication date: May 2, 2022 Electronic access: Free download. Use the free Adobe Acrobat Reader software to view this […]

Credit line

Sri Lanka extends credit line with India as China voices support

A man counts Sri Lankan rupees at a currency exchange counter in Colombo September 4, 2015. REUTERS/Dinuka Liyanawatte/Files Join now for FREE unlimited access to Reuters.com Register COLOMBO, May 2 (Reuters) – Sri Lanka has extended a $200 million line of credit with India to secure emergency fuel stocks, the energy and water minister said […]