Welcome to EKN Magazine. We provide inspiration and offer tips for companies and banks that work with exports or have just begun that journey out in the world.
A multi-lender telecom deal promises to bring digital connectivity to remote corners of Africa in a Flagship project within EU’s Global Gateway.
Flagship project strengthens digital inclusion in Africa
Lena Bertilsson on export finance and Swedish exporters enabling the energy transition. “Funding on a scale not seen in a long time”.
Empowering export finance for the energy transition
Swedish greentech suppliers and EKN may help fund and realise one of the world’s most ambitious energy transition programmes.
Türkiye goes green in record time
EKN was awarded “ECA Of The Year” and the deal behind the massive 5G rollout in India was recognized as one of the ten “Best Deals of 2024”.
EKN scores a double at GTR Awards
Electric transport is about much more than cars and buses. Here’s how global rail giants transform railroading into a high-tech mode of transport – and a Swedish export success – capable of replacing fossil-fuelled airplanes and vehicles.
Railway to the future
State-backed guarantees are becoming a key tool in funding the bill for reinforcing European defence capabilities.
Export finance poised to play a bigger role in European rearmament
David meets Goliath in a race for innovations where everyone’s a winner: Leading Swedish truck exporters Scania and Volvo share their advice on how to successfully embrace the startup community.
Large corporates take on the future with tech startups
Are the expanded financing opportunities permitted by the updated OECD Arrangement living up to high expectations? It may take time, experts say.
Learning to love longer tenors
To deliver more sustainable global trade, eight leading ECAs unveiled a new net-zero alliance in Dubai. “Public finance has been the missing piece in the net-zero financial landscape,” commented a UN source.
Trade takes centre stage at COP28
A successful net-zero transition relies heavily on strategic metals and minerals. How can export finance help boost supply and ensure sustainable mining practices?
Metals demand seen rising by 500%
The OECD Country Risk Assessment Methodology ultimately determines the minimum premium rate that state-backed export credit insurers can charge. Now, it has been revised to reflect a stronger focus on governance and institutional factors, and the consequences of climate change.
OECD updates country risk assessment model
Carl Mellander, CFO at the world’s biggest 5G technology provider Ericsson says export financing is a crucial counter-cyclical tool.
The secrets behind 5G leadership
In the largest private deal ever supported by EKN, Ericsson delivers equipment worth over USD 2 billion for the rollout of 5G technology across India.
Record deal behind record-time 5G rollout in India
The energy transition has triggered a boom in demand for power cables that can transport the green energy harvested by solar and wind farms over long distances. The drive to renew and connect national grids further fuel demand at cable maker NKT, with major export production in Sweden and guarantees from EKN.
Swedish cables connect a greener future
Hailed as a “complete game changer for the export finance sector”, the OECD reform of the Arrangement on officially supported export credits improves flexibility, particularly in the financing of climate-related projects.
OECD launches “landmark modernisation” of export credits
The battle against climate change is won or lost in Asia and the Pacific. New and innovative blended financing schemes involving multiple institutions and greentech from leading suppliers hold the key.
Regional development banks crucial in funding climate action
Despite its sites being attacked by Russian forces, truck maker Scania decided to remain present in Ukraine. “Logistics is crucial to a country at war,” says Håkan Jyde, Managing Director Scania Ukraine.
Keeping Ukraine on the move
To stimulate green investments at home and abroad, EKN and Riksgälden offer new and attractive guarantees with higher risk cover, while SEK offers financing and funding.
New guarantees to boost green lending
The new Green Export Credit Guarantee from EKN offers up to 100 percent risk cover for exports to projects that comply with the EU taxonomy.
Up to 100% risk cover with new green guarantee
The war in Ukraine has triggered a reassessment of defence spending in financial and political circles. How can export finance contribute?
In defence of defence
Some countries in Sub-Saharan Africa may face debt restructuring as public finances suffer from a stronger dollar and higher import bills. EKN monitors the development closely and foresees a heightened interest in securing risk cover on private risk in an uncertain environment.
All eyes on African debt
“Navigating turbulent times for Nordic trade” was the motto at GTR Nordics 2022, where a record number of visitors learned about the relevance of Nordic clean-tech in building a climate-resilient future.
nordic-clean-tech-takes-on-the-world-with-export-finance
Participants from across the world arrived at COP27 in Sharm el-Sheik to agree on measures to halt the escalating climate change. Delegates from EKN worked hard to raise awareness of the role of export financing in funding the transition.
COP27: “Funding and skills gaps need closing”
A new guarantee from EKN secures the supply of strategic raw materials to Swedish importers by covering the risk of new investments for raw material producers and their creditors.
Sweden secures supply of strategic raw materials
Almost 1,200 rural villages and towns in Côte d’Ivoire will have access to drinking water through a new EKN-supported project that promises a “massive impact” on local communities and women in particular.
Drinking water for 3 million people
The major expansion of an Estonian dairy facility will convert half of all milk produced in the country to a buffet of export success with the help of Tetra Pak and financing from ING Bank and EKN.
New Estonian dairy creates higher value to local farmers
Export credit agencies (ECAs) play a crucial role in a volatile market where many sovereigns and debt issuers find it harder to access capital, argues Cécile Camilli, Global Head of Development & Structured Export Finance at Société Générale, in an exclusive interview.
Uncertainty creates opportunity
A water treatment project in Ghana provides 400,000 with clean drinking water and reduces the need to walk long distances to fetch water. “EKN and SEK were important to help structure a competitive financing structure”, says Desislava Radeva at Standard Chartered Bank.
“Water is life”
EKN joins the world’s largest sailing ship to showcase Swedish exports, offering partners and exporters meeting venues from Europe to Asia.
Tailwind for Swedish exports
BNP Paribas was among those selected to arrange SoftBank Corp.’s syndicated loan signed in 2020/21 for 5G capex in Japan on the back of EKN support. “This transaction proves that ECA-backed financing is also highly attractive to blue-chip companies in advanced economies.”
Local currency cover from EKN secures major telecom deal in Japan
One of the premier banks to make use of EKN’s new online application tool, Credit Suisse believes the process added value in several ways: “It helped us expedite the application process and facilitated the administrative work.”
Credit Suisse: “a very positive experience”
Shooting through North-western Turkey like a silver bullet, a new high-speed electric train will connect important hubs with far less environmental impact than road traffic. Scandinavian export financing made the Green Loan possible.
Connecting Turkish hubs – new high-speed railway line
The rapidly growing investor appetite for sustainable investment is good news for the transition to a carbon-free society, which will require substantial funding as well as export credit risk cover to enable developing countries to join in. But how is sustainability defined and monitored – and can green investment be further incentivised to speed up the transition?
Green bonds hit the USD 1 trillion mark
As Global Head of Deutsche Bank’s Structured Trade & Export Finance, Werner Schmidt believes export finance has a crucial role to play in the transition to a carbon-free society. “We need to be the driver that make it happen.”
Deutsche Bank: “Doing nothing is the biggest risk.”
Our world is built from steel but as steel production accounts for about 7 percent of the global CO2 emissions, a carbon-free society needs new ways of making steel. A Swedish joint venture named Hybrit may hold the key by replacing a steel-making method that has been used for a thousand years.
Towards net zero with fossil-free steel