TXF Premium in Depth

Commodity trade

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VLCC finance: Staying afloat in a down market

Despite intense pressure on VLCC charter rates, in mid-June DHT Holdings sealed a $300 million loan to part finance the purchase of 11 VLCCs from the BW Group - and at a very reasonable cost of debt given the market risk.

TXF Premium

9 August 2017

Commodity trade

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Expect the unexpected: Ferrexpo returns to debt market

Amid an uncertain political and economic landscape in Ukraine syndicated debt offerings have been few and far between. Ferrexpo’s decision to tap the PXF market indicates that banks are still able to finance good assets in otherwise tricky jurisdictions.

TXF Premium

4 August 2017

Commodity trade

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Bridging the gap: Exporters look elsewhere as US Ex-Im is unable to provide

US Ex-Im has been without authority to approve transactions above $10 million for over 18 months, provoking huge changes for some of Ex-Im’s largest clients. However, exporters are beginning to look elsewhere – to private insurers and some other ECAs – to fill the financial support vacuum.

TXF Premium

1 August 2017

TXF Recommends

Commodity trade

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A-Mark Precious Metals renews $275m credit facility

US-headquartered A-Mark Precious Metals has renewed its $225 million syndicated line of credit, led by Rabobank. It includes a $50 million borrowing base option.

21 August 2017

Commodity trade

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Rosneft closes $13bn Essar Oil acquisition deal

A consortium led by Russia's Rosneft has completed a $13 billion deal to buy India's Essar Oil. The deal paves the way for the Essar group to cut its debt.

21 August 2017

Commodity trade

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Citigroup tops bank group for Petrobras unit IPO

Citigroup and seven other banks will underwrite the initial public offering of Brazilian oil giant Petrobras's fuel distribution unit, which is likely to take place in November. Petrobras may list BR Distribuidora in Sao Paulo and New York.

18 August 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