TXF in depth

Mozambique: Waiting on the cash from gas
Mozambique: Waiting on the cash from gas
Dr. Robert Besseling
28 February 2018

A new debt restructuring proposal is unlikely to make firm commitments to Mozambique’s creditors, but as long as bond prices remain high, many creditors seem satisfied to await eventual gas export revenues.

Nigerian solar: Developers, DFIs and delays
Nigerian solar: Developers, DFIs and delays
Max Thompson
26 February 2018

Nigeria’s plan to finance 14 utility-scale solar IPP projects by the end of June 2018 is looking uncertain. Potential DFI appetite is waning as state-owned offtaker Nigerian Bulk Electricity Trading attempts to renegotiate tariffs on the 20-year offtake agreements it signed in 2016.

Energoatom’s Opic-wrapped bonds: A post-ECA gift to borrowers?
Energoatom’s Opic-wrapped bonds: A post-ECA gift to borrowers?
Tom Nelthorpe
21 February 2018

Ukraine’s state-owned nuclear generator has closed a bond issue for a nuclear waste storage project at a cheaper rate than its parent, thanks to a first-of-its-kind insurance policy from Opic. Could this wrap edge out conventional ECA debt, or are there still gaps in the structure?

TXF in brief

Sakaka solar set to close on Monday
22 March 2018

The $300 million 300MW Sakaka solar PV scheme in Saudi Arabia is expected to reach full financial close on Monday. The deal, which was expected t...

Al Dur 2 IWPP bid deadline moved to May
21 March 2018

Bahrain’s Electricity and Water Authority (EWA) is expecting bids for the Al Dur 2 IWPP project to be submitted on 2 May this year. The dea...

Duqm refinery to close in Q2 2018
21 March 2018

The $7 billion Duqm refinery project – a joint venture between Oman Oil Company and Kuwait Petroleum – is expected to reach financial clos...

AREAM raises Perl wind project loan
20 March 2018

Dusseldorf-based asset manager AREAM has raised non-recourse debt to finance the 18MW Perl wind farm in Saarland it bought from project developer Juwi...

Apodi Solar L/C signed
20 March 2018

A club of banks have provided a BRL477.4 million ($144.8 million) four-year letter of credit as a guarantee to backstop a loan from Banco do Nordeste ...

TXF Data

Export & Agency Finance MLA Full year 2017

Bank USDm No %
1 BNP Paribas 5375m 35 9.2%
2 HSBC 4955m 41 8.5%
3 Santander Bank 4898m 23 8.4%
4 Sumitomo Mitsui Banking Corporation (SMBC) 4011m 28 6.9%
5 Société Générale 3464m 21 5.9%
6 Credit Agricole Corporate and Investment Bank 2975m 18 5.1%
7 KfW IPEX-Bank 2311m 16 4%
8 Deutsche Bank 2164m 15 3.7%
9 Standard Chartered 2111m 19 3.6%
10 Citi 1915m 11 3.3%

Commodity Trade Finance MLA Full year 2017

Bank USDm No %
1 Natixis 11170m 53 10.6%
2 Société Générale 8033m 45 7.6%
3 ING Bank 7386m 76 7%
4 Deutsche Bank 4510m 24 4.3%
5 UniCredit 4334m 34 4.1%
6 Rabobank 3989m 43 3.8%
7 BNP Paribas 3783m 36 3.6%
8 ABN AMRO 3608m 41 3.4%
9 Mitsubishi UFJ Financial Group (MUFG) 3479m 30 3.3%
10 Mizuho 3071m 25 2.9%

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