HSBC’s Lewis on the evolution of the ECA market
Phil Lewis, global head of export finance at HSBC spoke to TXF to outline the most prevalent headwinds and tailwinds in the ECA market. From the increasing adaptability of ECAs to pushing metals and mining higher up the financing agenda, ECAs have the capacity for new business in the wake of the... More
Saudi Aramco names banks for $1bn Luberef IPO
Saudi Aramco's base oil subsidiary Luberef has named banks for its IPO offering on the Saudi stock exchange, which could raise about $1 billion.The company hired SNB Capital as lead manager, financial adviser, bookrunner, global coordinator and underwriter. It also named Citigroup Saudi Arabia,... More
Saudi Arabia's state fund 'hires banks for IPO of ADES'
Saudi Arabia's sovereign wealth fund is planning an IPO of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion.The Public Investment Fund has selected JPMorgan, Goldman Sachs, Saudi National Bank's investment banking arm and Egypt-based EFG... More
Supplier finance in plain sight: What do the new FASB disclosure rules mean for our industry?
There is going to be a major change in the world of supply chain finance (SCF) next year that will bring more transparency to SCF programmes. What do the new FASB standards mean for corporate suppliers and buyers and for investors? More
K-Sure, EDC to finance copper foils facility in Quebec
The Korea Trade Insurance Corporation (K-Sure) and Export Development Canada are to finance a copper foils production facility in Quebec.K-Sure has agreed KRW217.5 billion ($160 million) to South Korean company Solus Advanced Materials for the facility.The facility will begin mass-producing copper... More
Ascendant signs $15m Sprott Streaming deal for Lagoa Salgada project
Ascendant Resources has signed a $15 million metals stream agreement with Sprott Streaming for its Lagoa Salgada VMS project, located close to Lisbon.Proceeds will be used to i) complete the ongoing 43-101 compliant feasibility study for the project; ii) advance permitting activities; iii) to fund... More
Trafigura to sell Adnoc base oils in LatAm
Abu Dhabi National Oil Company has appointed Trafigura as a seller of its Group III base oils in Latin America.Adnoc produces 500,000 t/yr of Group III base oils and 100,000t of Group II base oils at its Ruwais refinery. The refinery produces 2cst, 3cst, 4cst, 6cst and 8cst base oils. Group III base... More
Category A projects
| ECA | Date | Country | Company |
|---|---|---|---|
| Wind power project | 28/11/2022 | Vietnam | NEXI - Nippon Export Investment Insurance |
| SunAfrica 400 MW and 104MW Photovoltaic Solar Power Project | 17/11/2022 | Angola | US EXIM BANK - Export-Import Bank of the United States |
| MacIntyre Wind Farm | 08/11/2022 | Australia | CESCE Credit Insurance |
| Construction and operation of a new combined-cycle gas turbine power plant, Uzbekistan | 28/10/2022 | Uzbekistan | Euler Hermes Aktiengesellschaft |
| Environmental and Social Impact Assessment availability for the Sakarya Gas Field Development (Phase I) Project | 25/10/2022 | Turkey | SACE |
Export finance data report 2021
Our full year 2021 data report for export finance provides an analysis of the market trends on closed deals. What's included? Market...
Request accessTXF, Uxolo & Proximo Infrastructure, Energy & Natural Resources Africa
Virtual Event
Combining aspects from TXF’s export and commodity finance, Proximo’s project finance and Uxolo’s development finance this virtual edition has something for everyone.
Full details
Mozambique launches 60MW renewables tender
Mozambique’s Energy Regulatory Authority (ARENE) has launched a tender for two solar independent power projects.The two projects are the 30MW Lichinga IPP in Niassa Province and the 30MW Manje IPP in Tete Province. Developers can bid for one or both IPPs, and will then take on the design,... More
Petron out to banks for attractively priced term loan
Philippine oil company Petron Corporation, the largest oil refining firm in the country, is testing bank appetite with a $550 million five-year term loan. Proceeds will be used to refinance debt and working capital. Commitments are due on 9 December after a bank presentation on 2 December.Bank of... More
Deal maturity report
| Deal name | Structure | Maturity Date | Volume in $m |
|---|---|---|---|
| Roxgold - RCF | Revolving credit facility | 29/12/2022 | 20 |
| Roxgold - RCF | Revolving credit facility | 29/12/2022 | 37 |
| Oxbow Carbon - RCF | Revolving credit facility | 04/01/2023 | 625 |
| Metalloinvest - PXF | Pre-Export Finance | 10/01/2023 | 88 |
| Metalloinvest - PXF | Pre-Export Finance | 10/01/2023 | 152 |
RES submits planning for Bloch Wind project
RES has submitted a planning application for its 21-turbine Bloch Wind Farm to the Scottish Government’s Energy Consents Unit for determination.The 126MW project is located on land adjacent to the existing Solwaybank Wind Farm, Langholm, Dumfries and Galloway. Public consultations held in June... More
Solarpack secures loan for two Colombian solar projects
Developer Solarpack has secured a COP656 billion ($133 million) loan to support the development of two solar PV projects in Colombia.The loan will fund the development of the 108MW La Mata and 144MW La Union solar parks that are expected to be operational in mid-2023.IDB Invest will provide a total... More
Upcoming Events
TXF, Uxolo & Proximo Infrastructure, Energy & Natural Resources Africa
Combining aspects from TXF’s export and commodity finance, Proximo’s project finance and Uxolo’s development finance this virtual edition has something for everyone.
TXF France: Export Finance 2022
TXF France is back this December! Join us at this intimate event for an evening of opportunities. Discover new sectors, regions and ideas for ECAs, banks, exporters and service providers.
Recent Reports
Must See
