TXF in depth

TXF Local Export Vision 2021 takeaways
TXF Local Export Vision 2021 takeaways
Max Thompson
12 January 2022

TXF’s series of local events around Europe at the end of last year prompted plenty of debate around ECA product and policy. The main takeaways from these hybrid sessions can be found here.

Binh Nguyen: Small tickets; big regulatory hurdles
Binh Nguyen: Small tickets; big regulatory hurdles
Max Thompson
6 January 2022

Sermsang Power sealed an innovative $35 million ECA-backed financing for its ground-mounted 50MW Binh Nguyen solar park in Vietnam at the end of 2021. But the more granular terms and conditions needed ironing out before the deal crossed the financial line.

Export finance: year-end review
Export finance: year-end review
Max Thompson
24 December 2021

The export credit agency (ECA) offering has evolved and proved ever resilient in 2021, with yet another buoyant year for the market. But there are still several updates - to policy and product - needed to leverage the full potential of export finance, especially given how well placed ECAs are to accelerate energy transition.

TXF Originals

New head of trade for EMEA at BoA
21 January 2022

Changes to the global transaction services (GTS) leadership team at Bank of America in London include a new head of trade for EMEA. Jacqui Kirk become...

GIP's Pluto 2 debt out to syndication
20 January 2022

Coordinating mandated lead arrangers (MLAs) on the loan backing Global Infrastructure Partners’ (GIP) 49% share of the Pluto LNG Train 2 project...

DeltaFiber signs expansion debt and refi
20 January 2022

DeltaFiber Nederland – which is owned 50/50 by EQT and Stonepeak – has signed the debt facility it requires to meet the roll-out requireme...

More details on Amur GCC financings
20 January 2022

More details have emerged on Sibur and China Petroleum & Chemical Corporation’s (Sinopec) recent $8.98 billion dual-currency 14-year project...

Viterra scraps ‘Covid premium’ to add ESG criteria and upsize Asian RCF
20 January 2022

Viterra, previously known as Glencore Agri, has closed a tightly priced and massively upsized one-year revolver for its Asian business. The volume of ...

TXF Data

Export & Agency Finance Lender 2021

Bank USDm No %
1 ING Bank 999m 10 7.1%
2 Santander 923m 9 6.6%
3 Crédit Agricole CIB 881m 9 6.3%
4 Deutsche Bank 829m 8 5.9%
5 Société Générale 741m 6 5.3%
6 BNP Paribas 699m 9 5%
7 JP Morgan 599m 8 4.3%
8 HSBC 559m 8 4%
9 Sumitomo Mitsui Banking Corporation (SMBC) 524m 9 3.7%
10 Citi 449m 4 3.2%

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%

TXF Podcast