TXF in depth

Latin infra debt: Adjusting the risk balance
Latin infra debt: Adjusting the risk balance
Tom Nelthorpe
25 January 2019

Two historical deals have cast a long shadow in capital markets financing for infrastructure in Latin America, but governments are starting to look beyond them. Is the Latin infra space ready for a shake-up in what has become the norm for balance of risk between investors, lenders, sponsors and governments?

Shop talk: VTB on Russia's $100bn infra push
Shop talk: VTB on Russia's $100bn infra push
Ross Crear
24 January 2019

Oleg Pankratov, head of infrastructure capital and project finance at VTB Capital, discusses Russia's private infrastructure funding plans with TXF. While attracting foreign investment may be expensive, the government cannot afford to put the country's $100 billion infra plan on balance sheet.

Locking in with the Panama Canal
Locking in with the Panama Canal
Jonathan Bell
23 January 2019

The Panama Canal is one of the wonders of the world. Jonathan Bell charts its course.

TXF in brief

Jaguar Land Rover seeks ECA finance
13 February 2019

Jaguar Land Rover told bondholders in a private call last Friday the company will not contemplate raising unsecured debt after it posted a loss of &po...

Jordan shortlists ten bidders for battery storage unit
13 February 2019

Ten prospective developers for a battery storage facility in Jordan submitted bids on 20 January 2019 to an RFP issued by the kingdom’s Ministry...

Myanmar's Deedoke hydropower plant nears bank mandates
13 February 2019

Sponsors of the 56MW Deedoke hydropower project in Myanmar – Kansai Electric, Andritz Hyro, and local firm Shwe Taung Group – are expected...

Bensaid joins S&P in Dubai
13 February 2019

Sofia Bensaid has joined credit rating agency Standard & Poor's Dubai team as an analyst. She will be working on project finance ratings in th...

Van Phon coal-fired plant nears JBIC-backed debt signing
12 February 2019

Sumitomo Corporation’s 1.2GW Van Phong supercritical coal-fired power plant in southern Vietnam is expected to sign the debt backing the scheme ...

TXF Data

Export & Agency Finance MLA Full year 2018

Bank USDm No %
1 Santander 7720m 47 8.3%
2 BNP Paribas 7099m 31 7.6%
3 HSBC 6183m 41 6.6%
4 Credit Agricole CIB 5963m 36 6.4%
5 Société Générale 5863m 29 6.3%
6 Deutsche Bank 4056m 28 4.3%
7 MUFG Bank 3805m 22 4.1%
8 Commerzbank 3140m 41 3.4%
9 UniCredit 3053m 20 3.3%
10 Citi 3045m 17 3.3%

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 Natixis 12131m 41 8.4%
2 ING Bank 11266m 85 7.8%
3 BNP Paribas 7651m 44 5.3%
4 Société Générale 5941m 50 4.1%
5 MUFG Bank 5552m 32 3.8%
6 ABN AMRO 4979m 42 3.4%
7 Deutsche Bank 4304m 25 3%
8 Rabobank 4246m 36 2.9%
9 Standard Chartered 4197m 24 2.9%
10 UniCredit 4069m 34 2.8%

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