TXF in depth

Sullivan: Covering debt for capital relief
Sullivan: Covering debt for capital relief
Ross Crear
8 May 2019

In the latest edition of law firm Sullivan's Trade Finance Breakfast Seminar, partner Marian Boyle and managing associate Hannah Fearn examine the use of insurance and guarantees by financial institutions as a tool for capital relief for exposures. However, certain guarantees carry specific risks and banks need be able to demonstrate their adequate risk management capabilities.

US-EXIM: Back in big business?
US-EXIM: Back in big business?
Max Thompson
8 May 2019

The US Senate is scheduled to vote today on the three nominees to serve on the board of US-EXIM. If the full quorum is confirmed as expected, will the dark cloud which has loomed over the agency for nearly four years finally clear and open up its stagnant $40 billion deal pipeline?

Blended finance: Refloating an old idea with new capital
Blended finance: Refloating an old idea with new capital
Tom Nelthorpe
7 May 2019

Much that is useful in blended finance is not new, and much that is new in blended finance is not useful – but the concept has captured the imagination of DFIs looking to access a large pool of below-market capital from philanthropists and impact investors that are willing to partner up to achieve their ESG goals.

TXF in brief

More details on Jaguar Land Rover ECA financing
22 May 2019

Jaguar Land Rover (JLR) is in talks with two export credit agencies (ECAs) as it considers potential funding options for its Fiscal Year 2020 (which b...

Jawa 3 IPP-PPA talks resume
20 May 2019

Preferred bidder for the 800MW Java 3 gas-fired independent power project (IPP) in Indonesia, Marubeni Corporation, has re-entered talks with state-ow...

Facility D IWPP expansion progresses
17 May 2019

The water purchase agreement (WPA) for the Umm al Houl Facility D IWPP expansion project in Qatar has been signed with Kahramaa. Mitsubishi and Tepco ...

BAPCO reaches full financial close
16 May 2019

State-run Bahrain Petroleum Company (Bapco) has reached full financial close on a 16-year $4.1 billion ECA-backed financing for the expansion of the S...

Sharjah Hamriyah Independent Power reaches financial close
16 May 2019

Project sponsors GE and Sumitomo have reached financial close on the $1.13 billion ECA-backed loan backing project company Sharjah Hamriyah Independen...

TXF Data

Export & Agency Finance Lender H1 2019

Bank USDm No %
1 BNP Paribas 1047m 10 12.6%
2 Credit Agricole CIB 825m 8 9.9%
3 HSBC 628m 8 7.5%
4 Societe Generale 623m 8 7.5%
5 Santander 599m 7 7.2%
6 Sumitomo Mitsui Banking Corporation (SMBC) 583m 7 7%
7 KfW IPEX-Bank 473m 10 5.7%
8 MUFG Bank 363m 4 4.4%
9 Standard Chartered 346m 4 4.2%
10 Mizuho 264m 2 3.2%

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 Societe Generale 2250m 13 7.8%
2 BNP Paribas 2160m 11 7.5%
3 ING Bank 2097m 12 7.3%
4 Citi 1918m 8 6.7%
5 Mizuho 1559m 6 5.4%
6 MUFG Bank 1485m 6 5.2%
7 ABN AMRO 1358m 7 4.7%
8 Natixis 1139m 12 4%
9 Commerzbank 1020m 2 3.6%
10 Bank of America Merrill Lynch (BAML) 929m 1 3.2%

TXF Podcast

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The Mendoza Line
Tougher Than The Rest
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