TXF in depth

Sucafina: The digital borrowing base benchmark
Sucafina: The digital borrowing base benchmark
Aife Howse
25 May 2021

Sucafina has returned to the debt market for an ESG-tied borrowing base - sporting a debut digital tool courtesy of Komgo – as well as an upsized deal volume and extended KPIs. The deal has also provided a seedbed for future digital borrowing base transactions, and other types of structured commodity trade financings.

How development banks can lead trade finance’s blockchain transition
How development banks can lead trade finance’s blockchain transition
Oliver Gordon
24 May 2021

In a deal that will save weeks in processing time, African development bank TDB is using blockchain technology to finance $400 million-worth of fertiliser trade finance transactions for Morocco’s OCP Group.

Charging up: The bittersweet copper price rally
Charging up: The bittersweet copper price rally
Aife Howse
19 May 2021

Copper prices have surged to a decade-long high off the back of demand from a global green industrial revolution. But with the potential of new supply masked by uncertainty, could prices jump to the point of hinderance to the Paris Climate Agreement?

TXF Originals

Ever Given container ship Suez saga drags on
21 June 2021

The case of the Ever Given ultra large container vessel which blocked the Suez Canal for six days back in March continues to drag on in Egyptian court...

IFM signs up banks for Naturgy acquisition loan
17 June 2021

IFM Global Infraestructures Fund has signed up lenders for a €2.3 billion five-year term loan to back its €5.06 billion offer for a 22.69% s...

Perrins starts new role at Bechtel Enterprises
17 June 2021

Chris Perrins has started a new role as senior finance director at Bechtel Enterprises - the development, financing, and ownership affiliate of the Be...

Acqua Novara closes refi
16 June 2021

Acqua Novara - an Italian water company 100% owned by municipalities and provinces belonging to the ATO 1 Verbano Cusio Ossola e Pianura Novarese of t...

LTR free virtual event to focus on sustainability in trade finance
16 June 2021

The next London Trade Roundtable (LTR) virtual event is entitled ‘Charting a path towards sustainable trade finance’ and takes place Frida...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 4915m 31 6.7%
2 BNP Paribas 4261m 26 5.8%
3 Société Générale 4196m 27 5.7%
4 Mizuho 3897m 21 5.3%
5 Santander 3223m 29 4.4%
6 MUFG Bank 3187m 25 4.3%
7 KfW IPEX-Bank 3037m 17 4.1%
8 Industrial and Commercial Bank of China (ICBC) 3019m 10 4.1%
9 JP Morgan 2857m 16 3.9%
10 Crédit Agricole CIB 2555m 18 3.5%

Commodity Trade Finance Lender 2020

Bank USDm No %
1 ING Bank 6469m 71 5.6%
2 Société Générale 6018m 57 5.2%
3 BNP Paribas 5299m 44 4.6%
4 JP Morgan 5045m 15 4.4%
5 Sumitomo Mitsui Banking Corporation (SMBC) 4490m 29 3.9%
6 MUFG Bank 4456m 37 3.9%
7 Crédit Agricole CIB 4266m 37 3.7%
8 Mizuho 3745m 29 3.2%
9 Natixis 3579m 45 3.1%
10 Rabobank 3487m 47 3%

TXF Podcast

Song of the day

John Martyn
Solid Air
Listen on TXFunky