TXF in depth

Ukraine structured trade: Talk is cheaper
Ukraine structured trade: Talk is cheaper
Daniel Pembrey
13 September 2018

Over the past 12 months Ukrainian commodity-linked borrowers have made a comeback in the international debt markets – driving down margins and extending tenors. But it will be the focused and communicative approach to debt service that many have exhibited over the recent crisis that will provide the real long-term benefit.

Bujagali Energy: An unlikely DFI debt rollover template
Bujagali Energy: An unlikely DFI debt rollover template
Tom Nelthorpe
12 September 2018

In July, Sithe and IPS refinanced the Bujagali hydro project to deliver a cheaper power tariff to the Ugandan government. The process – a rare refinancing for DFIs – also involved a reshuffle of Bujagali’s debt and equity cast. So is this the beginning of a new willingness from DFIs to roll over debt?

Africa and China – reinforcing the ties that bind
Africa and China – reinforcing the ties that bind
Jonathan Bell
12 September 2018

China is putting more major funds and resources in place to further cement trade and investment ties with Africa, but asks Jonathan Bell is this sustainable and what are the pros and cons for African states?

TXF in brief

EKF reopens for small Turkish deals
24 September 2018

EKF has made the decision to reopen for transactions in Turkey of up to $3.94 million per deal after suspending all future guarantees l...

Landivisiau CCGT set to mandate banks next month
21 September 2018

Sponsors of the 400MW Landivisiau combined cycle gas turbine (CCGT) in France – Direct Energie Group (60%) and Siemens (40%) – are expecte...

Laguna solar PV seals $75m Bancomext-backed loan
21 September 2018

The 101MW Laguna solar PV project in Mexico sealed a $75 million 15-year loan on 13 September. Sponsored by 174 Power Global ( a Hanwha Energy wh...

Cocobod closes annual PXF facility
21 September 2018

Cocobod has closed its annual pre-export finance facility. This year’s deal totals $1.3 billion and is priced at 62bp over Libor. The finan...

Atlantic Energy closes IDB Invest credit guarantee for wind scheme
20 September 2018

IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, has closed a total credit guarantee to finance Atlantic Energy&...

TXF Data

Export & Agency Finance MLA Full year 2017

Bank USDm No %
1 BNP Paribas 5311m 34 9.2%
2 HSBC 4955m 40 8.6%
3 Santander 4867m 22 8.4%
4 Sumitomo Mitsui Banking Corporation (SMBC) 3871m 26 6.7%
5 Société Générale 3464m 21 6%
6 Credit Agricole CIB 3264m 21 5.7%
7 KfW IPEX-Bank 2630m 18 4.6%
8 Deutsche Bank 2164m 15 3.8%
9 Citi 1973m 11 3.4%
10 Standard Chartered 1960m 18 3.4%

Commodity Trade Finance MLA Full year 2017

Bank USDm No %
1 Natixis 11056m 52 10.3%
2 Société Générale 8209m 46 7.7%
3 ING Bank 7272m 75 6.8%
4 Deutsche Bank 4510m 24 4.2%
5 UniCredit 4334m 34 4%
6 Rabobank 3989m 43 3.7%
7 BNP Paribas 3669m 35 3.4%
8 MUFG Bank 3656m 31 3.4%
9 ABN AMRO 3608m 41 3.4%
10 Mizuho 3248m 26 3%

TXF Podcast

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Jackson Browne
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