TXF in depth

Trade finance funds: Confidence grows as banks retreat
Trade finance funds: Confidence grows as banks retreat
Aife Howse
22 September 2020

Alternative lenders cannot solely pick up the funding gap left by European commercial banks retreating from the commodity finance space in the Covid-19 epoch. But can bank-fund collaboration based on the different stages of the transportation of goods provide a viable deal template going forward?

Intra-Asian supply chains to grow significantly says HSBC
Intra-Asian supply chains to grow significantly says HSBC
Jonathan Bell
17 September 2020

The prolonged Covid pandemic is encouraging significant changes in global trade patterns, and according to a recent HSBC survey, Asian corporates are expanding their supply chain footprint throughout Asia. We also look at ways to help reduce the $2-$5 trillion global trade finance gap.

Oyu Tolgoi furthers funding pit
Oyu Tolgoi furthers funding pit
Max Thompson
16 September 2020

Rio Tinto via its ownership of Turquoise Hill Resources has finally inked an agreement for the additional financing of the long-dated Oyu Tolgoi mining project in Mongolia - albeit with significant construction risk.

TXF Originals

SMBC joins Mainstream's Huemul project financing
29 September 2020

SMBC has joined the $620 million DFI-backed financing stapled to the second phase of Mainstream Renewable Power’s 1.3GW Andes Renovables portfol...

SWCC extends RFQs for Ras Al Khair deal
28 September 2020

Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has postponed the request for prequalification (RFQ) deadline for the privatisation of...

CAF seals AFD-backed loan for green LatAm projects
25 September 2020

Latin American development bank CAF has sealed a further €100 million ($116.4 million) from the French Development Agency’s (AFD) line of c...

EIB delays Gaza desal legal advisory deadline
24 September 2020

The EIB has granted a deadline extension for the legal advisory role on the Gaza Central Desalination Plant and Associated Works Programme (GCDP). Bid...

Satria PPP financing progressing
23 September 2020

More details have emerged on the ongoing financing for the $550 million Satellite of the Republic of Indonesia (Satria) project.Sponsored by Indonesia...

TXF Data

Export & Agency Finance Lender H1 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 3384m 16 9%
2 BNP Paribas 2379m 14 6.4%
3 Citi 2135m 5 5.7%
4 KfW IPEX-Bank 2101m 13 5.6%
5 Industrial and Commercial Bank of China (ICBC) 2054m 5 5.5%
6 MUFG Bank 1716m 15 4.6%
7 Mizuho 1657m 11 4.4%
8 Deutsche Bank 1654m 9 4.4%
9 Santander 1589m 16 4.2%
10 Société Générale 1299m 10 3.5%

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.5%
2 BNP Paribas 4662m 24 7.2%
3 Société Générale 3808m 24 5.9%
4 ING Bank 3785m 35 5.8%
5 MUFG Bank 2992m 21 4.6%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2594m 16 4%
7 Mizuho 2459m 16 3.8%
8 Credit Agricole CIB 2451m 16 3.8%
9 HSBC 2019m 13 3.1%
10 Rabobank 2007m 23 3.1%

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