TXF in depth

Eat your greens: Will incentive issues stymie ESG ambitions for ECAs?
Eat your greens: Will incentive issues stymie ESG ambitions for ECAs?
Katharine Morton
2 June 2021

Is financing ESG-linked projects and exports going to be limited by what exporters and project financiers cannot do rather than what they can? How can (or should) incentives be improved and how can more deals that improve ESG outcomes be made bankable?

Greensill: Can you explain risk management in SCF to a select committee?
Greensill: Can you explain risk management in SCF to a select committee?
Max Thompson
26 May 2021

Amid the ongoing litigations and investigations related to Greensill Capital, including the eagerly awaited UK Serious Fraud Office investigation into Sanjeev Gupta’s GFG Alliance, TXF outlines the latest instalment of the Greensill saga, which continues apace.

Sucafina: The digital borrowing base benchmark
Sucafina: The digital borrowing base benchmark
Aife Howse
25 May 2021

Sucafina has returned to the debt market for an ESG-tied borrowing base - sporting a debut digital tool courtesy of Komgo – as well as an upsized deal volume and extended KPIs. The deal has also provided a seedbed for future digital borrowing base transactions, and other types of structured commodity trade financings.

TXF Originals

JP Morgan arranges Colburn transmission acquisition financing
24 June 2021

JP Morgan is arranging a debt package to back Dutch fund APG and Celeo Redes' acquisition of Chilean energy firm Colbun's transmissi...

Hapag-Lloyd taps second green loan this year
23 June 2021

German container shipping company Hapag-Lloyd has signed an $852 million 12-year syndicated green loan. Proceeds will finance the procurement of an ad...

Vietnam eyes expressway PPP
22 June 2021

On 14 June Vietnam's Quang Tri provincial People's Committee submitted the Cam Lo-Lao Bao expressway PPP project proposal to Prime Minister Ph...

Ever Given container ship Suez saga drags on
21 June 2021

The case of the Ever Given ultra large container vessel which blocked the Suez Canal for six days back in March continues to drag on in Egyptian court...

IFM signs up banks for Naturgy acquisition loan
17 June 2021

IFM Global Infraestructures Fund has signed up lenders for a €2.3 billion five-year term loan to back its €5.06 billion offer for a 22.69% s...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 4915m 31 6.7%
2 BNP Paribas 4261m 26 5.8%
3 Société Générale 4196m 27 5.7%
4 Mizuho 3897m 21 5.3%
5 Santander 3223m 29 4.4%
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 3.9%
10 Crédit Agricole CIB 2555m 18 3.5%

Commodity Trade Finance Lender 2020

Bank USDm No %
1 ING Bank 6469m 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%

TXF Podcast

Song of the day

The Magic Numbers
Forever lost
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