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Commodity finance report: Global deal volume drops by nearly half
Commodity finance report: Global deal volume drops by nearly half
Max Thompson
31 March 2021

Overall volumes of global commodity trade financing fell by almost 50% according to the full-year 2020 TXF Commodity Finance report. Max Thompson reviews this significant drop and assesses the impact of the Covid-19 crisis on commodity-linked corporate fundraising alongside the retreat of several major international banks from the sector.

What cost Brexit?
What cost Brexit?
Thomas Hopkins
30 March 2021

Brexit has been largely overshadowed by pandemic economic angst in the UK infrastructure sector. The additional bureaucracy will mean additional cost, but quantifying how significant that impact is and will be across complex infrastructure projects involving a multitude of imported parts and materials seems to be on the back burner - for now.

Looking for the commodity finance upside
Looking for the commodity finance upside
Jonathan Bell
25 March 2021

So many negative stories have hit the commodity finance sector through the past year. But it is definitely not all doom and gloom, as the big traders get stronger and the commodity boom looks set to run fuelled by the green energy transition, EVs and infrastructural development.

TXF Originals

Simon Jones to retire from export finance banking
15 April 2021

Simon Jones, head of export & agency finance, EMEA at TD Securities has, after a fantastic innings of close to four decades in the industry, decid...

Wilmar hits loan market for third time this year
15 April 2021

Singapore-based agri business Wilmar International has launched its third debt package of 2021: a five-year facility of up to $1 billion, which will b...

Finastra/Hubx partner to start lenders’ digital transformation
15 April 2021

UK fintechs Finastra and Hubx have teamed up to create a new syndicated loan tool that the companies claim completely digitises the bookrunning proces...

Redstone CSP PPA amendment signed
15 April 2021

A PPA amendment with Eskom for the $750 million Redstone concentrated solar power (CSP) project in South Africa has been signed, according to a source...

Freeport Indonesia mandates banks for $750m facility
14 April 2021

Copper mining firm - Freeport Indonesia - is in talks with lenders for a $750 million loan after pulling the plug on a larger facility last year due t...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 5028m 32 6.7%
2 BNP Paribas 4261m 26 5.7%
3 Société Générale 4196m 27 5.6%
4 Mizuho 3897m 21 5.2%
5 Santander 3223m 29 4.3%
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 3.8%
10 Standard Chartered 2595m 22 3.5%

Commodity Trade Finance Lender 2020

Bank USDm No %
1 ING Bank 6484m 72 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%

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