Martin Schlageter, head of treasury operations at Roche, the pharmaceutical company based in Switzerland, gives TXF his candid take on SWIFT gpi developments and the corporate experience of financing trade in challenging times.

Following the recent financial close on GNA 1, and the Sergipe project the previous year, is the Brazilian LNG-to-power sector ready for commercially banked deals with little or no DFI and ECA support? Some DFIs beleive so, but GNA 2 will be the real test.

US Exim’s full reauthorisation was expected at the end of last month as glimmers of bipartisan support returned to the US ECA. But now big ticket business is under threat once again as the agency’s latest expiry date for congressional authorisation emerges.

TXF’s debut Sustainable Deals H1 2019 report partnered with Acre Impact Capital to help provide a comprehensive methodology and classify sustainable deals in the ECA market.

Kernel signed a tightly priced $390 million PXF last month – a rare example of a Ukrainian corporate taking the structured trade finance route in 2019. And despite the political turmoil developing in Ukraine, the agri trader is out to the international bond/unsecured debt markets for future fundraising plans.