Denmark has unveiled a DKK1bn (€130mn) guarantee scheme aimed at boosting Danish investments in Ukraine’s defence sector. Under the initiative, the Export and Investment Fund of Denmark (EIFO) will cover up to 70% of a Danish company’s equity investment in a Ukrainian producer of defence goods. The guarantees will have tenors of no longer than ...| Global Trade Review (GTR)
The Defence, Security and Resilience (DSR) Bank was officially launched last week by Nato’s former head of innovation, Rob Murray.| Global Trade Review (GTR)
Battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure additional financing or investment, souring a big bet by banks and export credit agencies (ECAs) on European EV battery production. A pioneer of green battery production in Europe, the company filed for bankruptcy protection in the US last year after running ...| Global Trade Review (GTR)
Engie has secured a US$500mn term loan backed by the Export and Investment Fund of Denmark (EIFO), the French energy giant’s first direct financing facility supported by an OECD export credit agency. Société Générale and Citi arranged the facility, which also marks the first time EIFO has supported a loan for the French utility market. ...| Global Trade Review (GTR)
The Danish export credit agency has guaranteed US$420mn financing to expand a wind farm close to the frontline in Ukraine, underlining Denmark’s appetite to back projects in the country despite the war with Russia. The Export and Investment Fund of Denmark (EIFO) says it has guaranteed the loan provided by Danske Bank to DTEK, a ...| Global Trade Review (GTR)