TXF in depth

US-EXIM’s Recovery: Lessons from Jonah
US-EXIM’s Recovery: Lessons from Jonah
John Schuster
10 May 2019

John Schuster, President at JLS Capital Strategies, takes a look at what a fully authorised US-EXIM could look like going forward. Will it be merged with the newly formed US International Development Finance Corporation (IDFC), or will it re-emerge as a pure ECA?

Turk Exim: Reassembling the Turkish economy
Turk Exim: Reassembling the Turkish economy
Ross Crear
9 May 2019

TXF talks to Banu Erkok, manager at Turk Exim, to find out more about the Turkish ECA’s bid to stimulate the country’s crisis-stricken economy.

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.

TXF in brief

More details on Jaguar Land Rover ECA financing
22 May 2019

Jaguar Land Rover (JLR) is in talks with two export credit agencies (ECAs) as it considers potential funding options for its Fiscal Year 2020 (which b...

AAA Oils & Fats out with amend and extend refi
21 May 2019

AAA Oils and Fats (AAAOF), a trading subsidiary of Singapore-based palm oil processor and distributor Apical Group, is self-arranging the refinancing ...

Jawa 3 IPP-PPA talks resume
20 May 2019

Preferred bidder for the 800MW Java 3 gas-fired independent power project (IPP) in Indonesia, Marubeni Corporation, has re-entered talks with state-ow...

Facility D IWPP expansion progresses
17 May 2019

The water purchase agreement (WPA) for the Umm al Houl Facility D IWPP expansion project in Qatar has been signed with Kahramaa. Mitsubishi and Tepco ...

BAPCO reaches full financial close
16 May 2019

State-run Bahrain Petroleum Company (Bapco) has reached full financial close on a 16-year $4.1 billion ECA-backed financing for the expansion of the S...

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 7.8%
2 BNP Paribas 2160m 11 7.5%
3 ING Bank 2097m 12 7.3%
4 Citi 1918m 8 6.7%
5 Mizuho 1559m 6 5.4%
6 MUFG Bank 1485m 6 5.2%
7 ABN AMRO 1358m 7 4.7%
8 Natixis 1139m 12 4%
9 Commerzbank 1020m 2 3.6%
10 Bank of America Merrill Lynch (BAML) 929m 1 3.2%

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