FCA waits on SACE backing for €6.3bn Intesa loan; DFC unveils $4bn COVID-19 Rapid Response Liquidity Facility; Lundin Gold announces C$50m bought deal financing

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Italy’s Intesa Sanpaolo has approved a €6.3 billion ($6.9 billion) loan for Fiat Chrysler (FCA), subject to the car maker securing a guarantee from export credit agency SACE, a source said.

• Vancouver-headquartered Lundin Gold has announced a bought-deal financing with BMO Capital Markets for 4,150,000 common shares at C$12.05 for gross proceeds of C$50 million ($36.3 million)

• US International Development Finance Corporation (DFC) has approved the agency’s new Rapid Response Liquidity Facility, which will provide up to $4 billion in additional financing for existing DFC projects that have been particularly impacted by the Covid-19 pandemic.

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today