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Commodity trade

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Gunvor: Keeping the banks incentivised

Gunvor has improved its cost of debt via two refinancings in the past month alone. But with two more deals out to market, the trader appears to be balancing improved pricing with the need to keep bank interest.

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22 June 2017

Commodity trade

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Commodity trade tech: The new key to making the margins

The changes that technology will bring to the commodities space are manifold. What can commodity trade finance expect from new technology and, more importantly, is it ready for it?

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16 June 2017

Cash & treasury

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AML tech: Are regulators stuck in the past?

AML requirements are getting tighter and more costly for banks. But uptake of cost-cutting technology is slow – and for once it is regulators rather than banks that are hindering the process. Banks want direction and regulators do not appear to be providing it.

TXF Premium

15 June 2017

TXF Recommends

MFI/DFI

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Polymetal raises $140m from EBRD for Kyzyl gold project

Polymetal has raised a $140 million five-year loan from the EBRD. Proceeds will finance remaining capital expenditures for the Kyzyl gold mine project in Kazakhstan, which is scheduled to start operating in the third quarter of 2018.

23 June 2017

Commodity trade

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Lenders approve Essar sale to Rosneft/Trafigura/UCP

A joint lenders’ forum comprising 23 banks and financial institutions has given the go-ahead for the sale of 98% of the refining and retail business of the Essar group to Rosneft and an investment consortium led by Trafigura and UCP.

23 June 2017

Commodity trade

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Oil Search signs new $600m revolver

Oil Search has signed a new $600 million five-year non-amortising revolving credit. The deal ups the borrower's undrawn facilties to $850 million.

23 June 2017

Latest from tagmydeals

Commodity Trade Finance

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Glencore - Pre-Export Finance

Pre-Export Finance

Trading Company

$ 300m
Jan 2017
8 February 2017

Commodity Trade Finance

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23 January 2017

Commodity Trade Finance

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Euronav

Revolving credit facility

Oil & Gas - Midstream (Transportation)

$ 410m
Dec 2016
10 January 2017