Swedish Export Financing Solutions & Case Presentations
- Kjell Forsberg, Deputy Director of Business Area, – Swedish Export Credit Agency (EKN)
- Joakim Tornberg, Director – Structured Finance & Lending, – Swedish Export Credit Corporation (SEK)
- Olov Hemström, Head of Business Ecosystem – Ecosystem Smart Energy and Transportation, Business Sweden
Case Presentations by EPC’s and Banks
- Yoshi Ichikawa, Managing Director, Head of Europe Structured Export Finance, Standard Chartered Bank
Title: New case study of EKN supporting Turkish EPC contractor for a large railway project in Turkey
Content: SCB recently structured a multi-ECAs financing of EUR 1.24bn for the Turkish sovereign borrower (Ministry of Treasury and Finance, Turkey) to fund the development of a new high-speed railway line. The railway line will link the cities of Bandirma and Osmaneli in the North West of the country. The EPC contractor was a local Turkish contractor. This transaction showcases EKN’s flexibility to support foreign EPC companies even in a large transaction.
- Ram Shalita, CEO, Partner – Bluebird Finance & Chris Mitman, Global Head of Export & Agency Finance at Investec Bank
Title: Structuring Finance around the supply chain
Content: Investec, DB and Bluebird have recently closed 2 mega projects in Ghana, in total loans amounts of 912 million EUR, for construction of a railway line and hospitals. The key for the success of both deals was the support of the unique Swedish financing system (EKN-SEK), and our ability to adjust the supply chain and content matrix accordingly, as well as South African supply chain and certification of the loans as the first ever Sustainable Export credit globally.
- Tiago Brasileiro, Structured and Export Finance Director, QGMI Group
Title: Case study of EKN supporting EPC contractor for projects in Ghana and Angola
Content: QGMI is acting as EPC Contractor of two projects of around €100m funded by an EKN/SEK-supported financing for the Ministry of Finance Ghana. The execution of these community roads, located in Accra and Tamale, will be finalized during this summer. Additionally, QGMI is supported by EKN/SEK for the export of equipment for waste collection activities in Luanda (Angola) with total financing of ~€100m. These transactions illustrate EKN and SEK ability to support the EPC Contractors activities in developing countries.