TXF in depth

China at a crossroads of international openness
China at a crossroads of international openness
Jonathan Bell
7 November 2018

China is hosting the world’s first international import expo. Jonathan Bell examines the development in what could be the start of a new era of trade focus for the world’s second largest economy.

Shop talk: SMEs drive intra-African trade growth
Shop talk: SMEs drive intra-African trade growth
Max Thompson
6 November 2018

SMEs are the engine behind Africa’s trade growth – but funding is scarce. Kofi Adomakoh, head of bank guarantees and special finance at Afreximbank, outlines the bank’s mantra, Impact 2021: Africa Transformed, and explains how improving access to trade finance for SMEs is key to promoting intra-African trade.

MIDOR: A sovereign solution
MIDOR: A sovereign solution
Ross Crear
5 November 2018

A deal of national importance that required a change of law to make it eligible for a sovereign guarantee, the MIDOR Expansion financing came in with solid ECA-backed pricing despite a list of hurdles in its two-year gestation.

TXF in brief

Glencore refinances and downsizes BBF
15 November 2018

Glencore has signed a $525 million one-year borrowing base facility (BBF) to refinance its $750 million BBF from October last year. The new European f...

Three still in running for OPWP's Ibri II solar
14 November 2018

Oman Power & Water Procurement (OPWP) has received has received bids from three of the 12 consortia it prequalified for the 500MW Ibri II sol...

Genneia to issue local bonds for three Argentine wind projects
14 November 2018

Although unconfirmed by the sponsor, Genneia is said to be looking to issue around $70 million in local dollar denominated bonds over the ne...

Texel Finance and Liberty ink innovative financial risks facility
13 November 2018

Further to their recent hire of Alan Ball from Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, Texel Finance has entered into a new...

Nachtigal financial close before year-end
13 November 2018

Following signing of the DFI-backed financing for the EDF-led €1.26 billion ($1.42 billion) 420MW Nachtigal dam and hydro project in Ca...

TXF Data

Export & Agency Finance MLA Full year 2018

Bank USDm No %
1 Santander 5859m 31 10.9%
2 Credit Agricole CIB 4690m 20 8.7%
3 BNP Paribas 3591m 19 6.7%
4 HSBC 3546m 27 6.6%
5 ING Bank 2715m 29 5.1%
6 Société Générale 2523m 14 4.7%
7 Citi 2487m 14 4.6%
8 Natixis 2286m 5 4.3%
9 Deutsche Bank 2001m 11 3.7%
10 Credit Suisse 1766m 2 3.3%

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 ING Bank 8912m 62 8.6%
2 BNP Paribas 6448m 33 6.2%
3 Natixis 6039m 25 5.8%
4 MUFG Bank 4962m 23 4.8%
5 ABN AMRO 3931m 30 3.8%
6 Deutsche Bank 3882m 20 3.7%
7 UniCredit 3652m 26 3.5%
8 Standard Chartered 3500m 19 3.4%
9 Rabobank 3408m 22 3.3%
10 Société Générale 3395m 28 3.3%

TXF Podcast