TXF in depth

ECAs up innovation and flexibility in Africa
ECAs up innovation and flexibility in Africa
Max Thompson
13 October 2021

Ahead of TXF Global in Madrid next week, Max Thompson takes a look at the increased innovation and flexibility ECAs are showing around the structure of export credits in Africa, particularly covering the 15% down payment financing traditionally needed for ECA-backed deals. And there is room for further development of the ECA product offering.

Luanda Bita Water: Setting new water levels
Luanda Bita Water: Setting new water levels
Kennith Rosario
12 October 2021

With a promise to make a significant contribution towards UN Sustainable Development Goal 6 and climate resilience, the $1.1 billion Angolan water infrastructure project breaks records and paves the way for big-ticket blended finance deals in sub-Saharan Africa water.

CGI: The path to trade Nirvana is built on a foundation of APIs
CGI: The path to trade Nirvana is built on a foundation of APIs
Katharine Morton
11 October 2021

APIs deliver critical functionality for banks driving towards full end-to-end digitisation in trade. Patrick DeVilbiss, offering Manager, trade and supply chain solutions and Colin Zeglen, product manager for Trade and Supply Chain Solutions at CGI explain the evolution and the importance to trade banks.

TXF Originals

Akbank reduces margin on sustainability-tied refi
25 October 2021

Akbank has renewed a $700 million syndicated term loan with margins linked to sustainability performance. The facility, which comprises a $460 million...

Rockville Capital raises $100m financing for Chilean solar portfolio
25 October 2021

Rockville Capital has reached financial close on a $100 million project financing for a portfolio of solar PV projects in Chile. The projects form par...

Myrtle solar-plus-BESS construction facility signed
22 October 2021

TotalEnergies M Solar has raised construction financing for its Myrtle project – a 340MWac solar VV plus 225 MWh battery energy storage system (...

Tanajib cogen reaches financial close
22 October 2021

Marubeni and Taqa have reached financial close and signed the project agreements for the Tanajib cogeneration and desalination project.Structured as a...

LC extension for ConEd's California solar portfolio
21 October 2021

Consolidated Edison Development has closed on an extension of a letter of credit for its 110MW California solar portfolio – CED California Holdi...

TXF Data

Export & Agency Finance Lender 2021

Bank USDm No %
1 ING Bank 936m 9 7%
2 Santander 923m 9 6.9%
3 Crédit Agricole CIB 881m 9 6.6%
4 Deutsche Bank 829m 8 6.2%
5 JP Morgan 654m 8 4.9%
6 Société Générale 648m 5 4.8%
7 BNP Paribas 614m 8 4.6%
8 HSBC 559m 8 4.2%
9 Sumitomo Mitsui Banking Corporation (SMBC) 546m 10 4.1%
10 Citi 543m 4 4.1%

Commodity Trade Finance Lender 2021

Bank USDm No %
1 ING Bank 4563m 25 13.9%
2 BNP Paribas 2713m 10 8.3%
3 Citi 1860m 10 5.7%
4 Standard Chartered 1442m 6 4.4%
5 Natixis 1385m 13 4.2%
6 Mizuho 1322m 6 4%
7 Société Générale 1274m 13 3.9%
8 HSBC 1241m 9 3.8%
9 Rabobank 1211m 12 3.7%
10 Scotia Bank 1171m 5 3.6%

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