TXF in depth

Gulf of Suez: ECA umbrella breezes into Egyptian wind
Gulf of Suez: ECA umbrella breezes into Egyptian wind
Max Thompson
11 January 2018

The JBIC/NEXI deal for Gulf of Suez Wind IPP – a rare ECA-backed deal in an Egyptian renewables market fuelled by DFI debt – is both reasonably priced and over a long tenor. Good news for EETC as it prepares to launch a competitive tender for 500MW of wind capacity.

NEG-ed out?
NEG-ed out?
Callum Burroughs
10 January 2018

A boom in interest in Australian renewables projects could be curtailed by the government’s plans to introduce a National Energy Guarantee (NEG). Borrowers have benefited from greater liquidity and cheaper pricing in recent times, but it is not clear how much longer those conditions will last.

Blockchain in trade: are we missing the point?
Blockchain in trade: are we missing the point?
Helen Castell
8 January 2018

Amid the hype around blockchain, is the market losing sight of what the technology can really do for trade finance – and what it can’t?

TXF in brief

Formosa 1 Stage 2 OWF out to banks
19 January 2018

Formosa 1 Wind Company – a joint venture between Macquarie Capital (50%), Orsted (35%) and Swancor Renewable Energy (15%) – is negotiating...

Goldwind closes on Stockyard Hill wind loan
19 January 2018

Goldwind Australia has reached financial close on its 530MW Stockyard Hill wind project in Australia. Goldwind acquired the project from Origin Energy...

Traxys set for borrowing base refi
19 January 2018

Luxembourg-based commodity trader Traxys is set to refinance its $875 million borrowing base with a syndicate of lenders. The deal, which is y...

Koole Terminals refi circulating to lenders
18 January 2018

Ontario Teachers’ Pension Plan and JP Morgan are said to be sounding out banks and institutional investors for a refinancing of the debt backing...

Xiangguang Copper closes offshore pre-pay
18 January 2018

Chinese copper producer Xiangguang Copper has closed a $140 million offshore pre-payment facility with a syndicate of banks. The two-year financing is...

TXF Data

Export & Agency Finance MLA Full year 2016

Bank USDm No %
1 Intesa Sanpaolo 6731m 4 7.5%
2 Gazprombank 6524m 1 7.3%
3 Sberbank 6524m 1 7.3%
4 Sumitomo Mitsui Banking Corporation (SMBC) 5000m 31 5.6%
5 Mitsubishi UFJ Financial Group (MUFG) 4723m 30 5.3%
6 HSBC 4187m 34 4.7%
7 Mizuho 3833m 21 4.3%
8 ING Bank 3644m 48 4.1%
9 Citi 3124m 22 3.5%
10 Crédit Agricole Corporate and Investment Bank 2896m 24 3.2%

Commodity Trade Finance MLA Full year 2016

Bank USDm No %
1 Société Générale 8496m 54 7.7%
2 Mitsubishi UFJ Financial Group (MUFG) 6744m 30 6.1%
3 ING Bank 6467m 59 5.8%
4 ABN AMRO 5969m 39 5.4%
5 Natixis 5877m 48 5.3%
6 Rabobank 5215m 39 4.7%
7 Deutsche Bank 4776m 25 4.3%
8 HSBC 4544m 27 4.1%
9 UniCredit 4395m 34 4%
10 BNP Paribas 3902m 29 3.5%

Opinion

Song of the day

Nancy Sinatra
These Boots Are Made For Walking
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