TXF in depth

Sullivan: Covering debt for capital relief
Sullivan: Covering debt for capital relief
Ross Crear
8 May 2019

In the latest edition of law firm Sullivan's Trade Finance Breakfast Seminar, partner Marian Boyle and managing associate Hannah Fearn examine the use of insurance and guarantees by financial institutions as a tool for capital relief for exposures. However, certain guarantees carry specific risks and banks need be able to demonstrate their adequate risk management capabilities.

US-EXIM: Back in big business?
US-EXIM: Back in big business?
Max Thompson
8 May 2019

The US Senate is scheduled to vote today on the three nominees to serve on the board of US-EXIM. If the full quorum is confirmed as expected, will the dark cloud which has loomed over the agency for nearly four years finally clear and open up its stagnant $40 billion deal pipeline?

Blended finance: Refloating an old idea with new capital
Blended finance: Refloating an old idea with new capital
Tom Nelthorpe
7 May 2019

Much that is useful in blended finance is not new, and much that is new in blended finance is not useful – but the concept has captured the imagination of DFIs looking to access a large pool of below-market capital from philanthropists and impact investors that are willing to partner up to achieve their ESG goals.

TXF in brief

Euroports acquisition debt launched
16 May 2019

Pricing guidance was issued earlier in the week on the €490 million ($549 million) debt backing the Euroports acquisition by a consortium compris...

Port Kembla LNG terminal FID nears
16 May 2019

Sponsors of the A$250 million ($176 million) Port Kembla gas terminal (PKGT) project in Australia – Squadron Energy, Marubeni Corporation, and J...

Finerge refinancing closed
16 May 2019

First State Investments has closed the €800 million refinancing of the outstanding stapled debt of its Portuguese renewables company Finerge. The...

EMF sounds out banks for French offshore wind farm
13 May 2019

EMF – a joint venture between EDF and Enbridge - is sounding out banks to finance the construction of the 450MW Courseulles-sur-Mer offshore win...

Challenger signs deal for Oikos Storage sale in UK
13 May 2019

ASX-listed investment management firm Challenger signed a sales agreement today (13 May) for 100% of its UK refined petroleum products terminal assets...

TXF Data

Export & Agency Finance Lender H1 2019

Bank USDm No %
1 BNP Paribas 1047m 10 13.7%
2 Credit Agricole CIB 825m 8 10.8%
3 HSBC 628m 8 8.2%
4 Societe Generale 623m 8 8.2%
5 Santander 599m 7 7.8%
6 KfW IPEX-Bank 473m 10 6.2%
7 Sumitomo Mitsui Banking Corporation (SMBC) 469m 6 6.1%
8 Standard Chartered 346m 4 4.5%
9 MUFG Bank 248m 3 3.3%
10 Natixis 174m 2 2.3%

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 Societe Generale 2250m 13 7.9%
2 ING Bank 2097m 12 7.4%
3 BNP Paribas 2096m 10 7.4%
4 Citi 1918m 8 6.7%
5 Mizuho 1559m 6 5.5%
6 MUFG Bank 1485m 6 5.2%
7 ABN AMRO 1358m 7 4.8%
8 Natixis 1139m 12 4%
9 Commerzbank 1020m 2 3.6%
10 Bank of America Merrill Lynch (BAML) 929m 1 3.3%

TXF Podcast

Song of the day

Israel Nash Gripka
Drown
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