TXF in depth

Shop talk: ClearDox on the digital transformation of trade
Shop talk: ClearDox on the digital transformation of trade
Aife Howse
26 April 2021

TXF spoke to Addison Armstrong, head of sales and marketing at ClearDox, an SaaS platform that provides data management and digital transformation solutions for commodity corporates and financiers, designed by commodities practitioners.

Market welcomes OECD changes to rules on local content
Market welcomes OECD changes to rules on local content
Jonathan Bell
22 April 2021

Changes to the rules on local content within ECA-backed export financing is just one of the elements of the OECD Arrangement that many have been asking for. Now an increase in the local content percentage rule looks set to give the export finance community a fillip it has been seeking for a long time.

Russian corporates: Back with tight pricing and long tenors despite volatility
Russian corporates: Back with tight pricing and long tenors despite volatility
Aife Howse
21 April 2021

After a slow end to 2020, Russia's commodity-linked corporates have upped their syndicated loan market activity as ‘Covid premiums’ dissipate. And despite fresh US sanctions in recent weeks, Russian corporates are tapping attractively priced debt while pushing out the tenor envelope.

TXF Originals

Aramco pipelines stapled financing mandated
6 May 2021

Saudi Aramco has mandated the bank line-up for the stapled debt financing linked to its sale of 49% of its oil pipeline operations to an EIG-led conso...

ChemOne's PEC project progresses ECA-backed deal
6 May 2021

ChemOne has mandated some of the lenders and ECAs for the debt backing its $3.38 billion Pengerang Energy Complex (PEC) project – an integrated ...

Three set to bid on REPDO3 Cat B
6 May 2021

Three prospective developers - ACWA Power, Jinko Power, and Masdar - are expected to bid on the 1GW of solar PV offered under Saudi Arabia’s REP...

Trafigura Investment secures inventory loan
5 May 2021

China based Trafigura Investment, a subsidiary of Trafigura, has closed a one-year CNY550 million ($85 million) uncommitted secured syndicated in...

Jazan IGCC plant progresses financing
5 May 2021

Sponsors of the $12 billion 3.8GW Jazan integrated gasification combined cycle (IGCC) power plant in Saudi Arabia - Saudi Aramco (20%), Air Products (...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 5028m 32 6.8%
2 BNP Paribas 4261m 26 5.7%
3 Société Générale 4196m 27 5.6%
4 Mizuho 3897m 21 5.2%
5 Santander 3223m 29 4.3%
6 MUFG Bank 3187m 25 4.3%
7 KfW IPEX-Bank 3037m 17 4.1%
8 Industrial and Commercial Bank of China (ICBC) 3019m 10 4.1%
9 JP Morgan 2857m 16 3.8%
10 Standard Chartered 2595m 22 3.5%

Commodity Trade Finance Lender 2020

Bank USDm No %
1 ING Bank 6455m 71 5.6%
2 Société Générale 6018m 57 5.2%
3 BNP Paribas 5299m 44 4.6%
4 JP Morgan 5045m 15 4.4%
5 Sumitomo Mitsui Banking Corporation (SMBC) 4490m 29 3.9%
6 MUFG Bank 4456m 37 3.9%
7 Crédit Agricole CIB 4266m 37 3.7%
8 Mizuho 3745m 29 3.2%
9 Natixis 3579m 45 3.1%
10 Rabobank 3487m 47 3%

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