TXF in depth

Getting real with physical commodities
Getting real with physical commodities
Jonathan Bell
15 September 2021

It has been a long time and much has happened since we held our last physical global commodities event. But come 7-8 October we are back in Geneva and addressing the realities of the commodity finance market today in our hybrid event.

Stages for Change: Vanco on bank-investor collaboration
Stages for Change: Vanco on bank-investor collaboration
Aife Howse
9 September 2021

“Why try to compete with a trade finance bank when you can co-invest with them”. In this fortnight’s Stages for Change article, TXF’s Aife Howse speaks to Audentia Global’s Sophia Vanco on why banks and alternative credit managers work better together.

Producers that tap project debt
Producers that tap project debt
Max Thompson
8 September 2021

From Vitol’s $7.9 billion Offshore Cape Three Points oil and gas project in Ghana five years ago to Geopacific Resources’ Woodlark gold project in Papua New Guinea this year, limited/non-recourse debt remains an attractive instrument in trading houses’ financial toolkits.

TXF Originals

Cofco signs new sustainability-linked loan
23 September 2021

Soft commodity trading company Cofco International has signed a new sustainability-linked loan with a syndicate of seven commercial banks for $700 mil...

Lender change for Hin Kong CCGT
23 September 2021

Asian Development Bank (ADB) is said to have dropped out of the financing of the 1.4GW Hin Kong CCGT project in Thailand and been replaced by Asian In...

Clearway Energy secures financing for Marsh Landing
22 September 2021

More details have emerged on the $283 million debt financing by Clearway Energy of the Marsh Landing gas-fired peaker power plant.Marsh Landing is a f...

Chia starts at Deutsche Bank
22 September 2021

Rachel Chia, previously a director at NordlB specialising in structured finance origination for APAC renewables and transport, has joined Deutsche Ban...

Lonergan moves to Torq Commodities
22 September 2021

Simon Lonergan has joined Torq Commodities as senior manager trade finance from Falcon Trade where he had been head of operations based in London. Tor...

TXF Data

Export & Agency Finance Lender 2021

Bank USDm No %
1 Santander 923m 9 7.4%
2 Crédit Agricole CIB 881m 9 7%
3 ING Bank 876m 8 7%
4 Deutsche Bank 676m 7 5.4%
5 Société Générale 648m 5 5.2%
6 BNP Paribas 614m 8 4.9%
7 HSBC 559m 8 4.5%
8 Citi 543m 4 4.3%
9 Sumitomo Mitsui Banking Corporation (SMBC) 486m 9 3.9%
10 JP Morgan 454m 7 3.6%

Commodity Trade Finance Lender 2021

Bank USDm No %
1 ING Bank 4563m 25 13.9%
2 BNP Paribas 2713m 10 8.3%
3 Citi 1860m 10 5.7%
4 Standard Chartered 1442m 6 4.4%
5 Natixis 1385m 13 4.2%
6 Mizuho 1322m 6 4%
7 Société Générale 1274m 13 3.9%
8 HSBC 1241m 9 3.8%
9 Rabobank 1211m 12 3.7%
10 Scotia Bank 1171m 5 3.6%

TXF Podcast

Song of the day

Bob Dylan
Stuck inside of Mobile with the Memphis blues ahead
Listen on TXFunky