TXF in depth

 Shop talk: Trade credit insurance where it's due, eventually
Shop talk: Trade credit insurance where it's due, eventually
Max Thompson
12 October 2018

Potential changes to PRA regulations, IFRS accounting standards and sovereign risk exposures, mean the trade credit insurance landscape will have to evolve. Gary Lowe, head of the credit insurance desk at Standard Chartered, gives his take on these regulatory constraints and what trade credit insurance in a post-Brexit world will look like.

North Sea M&A: Balanced for mutual benefits
North Sea M&A: Balanced for mutual benefits
Daniel Pembrey
11 October 2018

Innovative sale and security structures have attracted a new breed of private equity-backed buyers into North Sea oil assets being sold off by the majors. And as the M&A opportunities increase, strong appetite from an increasingly diversified lender pool is also emerging.

US drives through to reach trade and investment positives
US drives through to reach trade and investment positives
Jonathan Bell
10 October 2018

With the new trade agreement between the US and Canada, a revised NAFTA, and the passing of the BUILD Act in the US, Jonathan Bell asks if we are finally beginning to see some positives on trade from the politicians?

TXF in brief

Tui Cruises closes SACE-backed loan for two new-concept ships
19 October 2018

Tui Cruises, a joint venture between Royal Caribbean and Tui Group, has closed a €1.2 billion ($1.37 billion) SACE-backed facility to finance the...

Valeco and Mirova reach financial close on Cambon Wind
19 October 2018

Following signing of the loan documentation last week, Valeco and Mirova have reached financial closed today on the €40.8 million ($46....

Brookfield launches AT&T data centre acquisition facility
18 October 2018

Dawn Acquisitions – a solely owned subsidiary of Brookfield Infrastructure Partners – has launched a $600 million financing to back its $1...

Avianca seals UKEF-backed financing for Boeing 787-8 aircraft
18 October 2018

Colombian airline Avianca announced last week the close of a UKEF-backed 11-year $100 million loan for the financing of a Boeing 787-8 aircraft. ...

PCR signs ECA-backed financing for Del Bicentenario I and II wind
18 October 2018

Petroquimica Comodoro Rivadavia (PCR) has signed a $108 million 15-year loan to finance its $165 million 125.2MW combined Del Bicentena...

TXF Data

Export & Agency Finance MLA Full year 2017

Bank USDm No %
1 BNP Paribas 5360m 34 9.2%
2 HSBC 5004m 40 8.6%
3 Santander 4916m 22 8.5%
4 Sumitomo Mitsui Banking Corporation (SMBC) 3920m 26 6.7%
5 Société Générale 3513m 21 6%
6 Credit Agricole CIB 3313m 21 5.7%
7 KfW IPEX-Bank 2630m 18 4.5%
8 Deutsche Bank 2164m 15 3.7%
9 Standard Chartered 2009m 18 3.5%
10 Citi 1973m 11 3.4%

Commodity Trade Finance MLA Full year 2017

Bank USDm No %
1 Natixis 11056m 52 10.3%
2 Société Générale 8209m 46 7.7%
3 ING Bank 7272m 75 6.8%
4 Deutsche Bank 4510m 24 4.2%
5 UniCredit 4334m 34 4%
6 Rabobank 3989m 43 3.7%
7 BNP Paribas 3669m 35 3.4%
8 MUFG Bank 3656m 31 3.4%
9 ABN AMRO 3608m 41 3.4%
10 Mizuho 3248m 26 3%

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