TXF in depth

ECA support for mining gets smaller – but smarter
ECA support for mining gets smaller – but smarter
Tom Nelthorpe
16 December 2020

ECAs are playing a growing role in the financing of small, strategic-commodity mining projects – even coming in alongside royalty providers in deals where they might not be treated equally in a foreclosure or default situation.

New SCF for the new normal in emerging markets
New SCF for the new normal in emerging markets
Katharine Morton
16 December 2020

In a discussion supported by Finverity, TXF looks at new ways for companies to effectively use digitisation in emerging markets to propel access to financing for sustainable international trade through supply chain finance (SCF).

Gunvor raises biodiesel borrowing base benchmark
Gunvor raises biodiesel borrowing base benchmark
Aife Howse
15 December 2020

Gunvor’s oversubscribed biodiesel borrowing base has revealed significant lender support for the backing of cleaner products in line with the energy transition. But, with the handful of biggest traders attracting plenty of debt, and SMEs struggling to secure such volumes of financing, the already large funding gap at the lower end of the commodity trade finance market is set to widen.

TXF Originals

CC&L acquisition debt for EDPR portfolio stake closed
14 January 2021

Connor, Clark & Lunn Infrastructure (CC&L) has closed on the debt backing its acquisition of an 80% equity stake in a 563MW portfolio of four ...

More details on SWNS Wind acquisition debt
14 January 2021

More details have emerged on the debt backing Capstone Infrastructure Corporation’s recent acquisition of a 28.7MW Canadian wind portfolio from ...

Invenergy closes on Samson phase one financing
14 January 2021

Invenergy has closed on the construction financing backing the 250MW first phase of its 1.3GW $1.6 billion Samson Solar Energy Center project in Texas...

Tiwari and team joins AZB & Partners
13 January 2021

AZB & Partners has welcomed Anuja Tiwari as partner in the energy and infrastructure practice along with her team of lawyers: Mallika Anand, Amool...

Positive notes for UKEF in BExA benchmarking
8 January 2021

In the latest annual benchmarking report on UK Export Finance (UKEF), the British Exporters Association (BExA) notes that UKEF has developed into one ...

TXF Data

Export & Agency Finance Lender H1 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 4823m 32 7.2%
2 BNP Paribas 4180m 48 6.3%
3 Société Générale 3578m 34 5.4%
4 Mizuho 3247m 21 4.9%
5 MUFG Bank 3008m 25 4.5%
6 Citi 2847m 12 4.3%
7 KfW IPEX-Bank 2833m 33 4.3%
8 Santander 2803m 28 4.2%
9 Industrial and Commercial Bank of China (ICBC) 2543m 8 3.8%
10 Standard Chartered 2508m 18 3.8%

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 Société Générale 5670m 50 6.5%
2 ING Bank 5308m 61 6.1%
3 JP Morgan 4857m 11 5.6%
4 BNP Paribas 4781m 39 5.5%
5 MUFG Bank 3878m 30 4.5%
6 Crédit Agricole CIB 3702m 31 4.3%
7 Natixis 3386m 41 3.9%
8 Sumitomo Mitsui Banking Corporation (SMBC) 3261m 24 3.8%
9 Mizuho 3148m 24 3.6%
10 Rabobank 3096m 40 3.6%

TXF Podcast