TXF in depth

Key LNG projects line up ECA financing
Key LNG projects line up ECA financing
Jonathan Bell
6 February 2019

The increased focus on upstream LNG looks likely to intensify, and the sheer scale of many of these projects will require funds from a range of sources, not least ECA support. Jonathan Bell highlights a couple of prime examples where the ECAs are likely to play leading roles.

Interesting catch: Why MUFG is taking on GE Capital’s TPS
Interesting catch: Why MUFG is taking on GE Capital’s TPS
Katharine Morton
6 February 2019

Taking on an active corporate supply chain finance programme can be a daunting prospect. When that one is the size of GE Capital’s Trade Payables Services, it changes the dimension of the challenge. TXF spoke to Maureen Sullivan, Managing Director and Head of MUFG’s Supply Chain Finance Group for the Americas about why the bank has made such a move, and what her plans are for TPS.

Aluminium Dunkerque: The shape of deals to come?
Aluminium Dunkerque: The shape of deals to come?
Oliver Gordon
6 February 2019

Liberty House’s recent Aluminium Dunkerque deal is both its first syndicated bank acquisition financing and a novel de-risked structure that includes a syndicated commodity price hedging agreement for the smelter. Given Liberty's expansion plans, it is unlikely to be a one-off,

TXF in brief

ANZ adds to sustainable finance team
15 February 2019

ANZ has hired two new members to its sustainable finance team in Australia. Tania Smith joins from Arup and will be a director in the Melbourne office...

Keliber to mandate banks Q3 for mining and lithium project
15 February 2019

Keliber - a subsidiary of Nordic Mining - is expected to mandate banks in Q3 2019 for the financing of the €254 million ($285 million) mining and...

Riau gas-fired IPP debt to sign imminently
15 February 2019

Medco Power and Ratchaburi Electricity - sponsors of the 275MW gas-fired Riau power plant in Indonesia - are expected to reach financial close on a 15...

OPWP mandates WTE advisory
15 February 2019

Oman Power & Water Procurement Company (OPWP) has appointed an advisory team for its 50MW/1.4 million tpa waste-to-energy (WTE) project at Barka. ...

APLNG gets margin cut on recirculated refi
14 February 2019

The Australia Pacific LNG (APLNG) refinancing – recirculated to the bank market earlier this month for better terms by financial adviser JP Morg...

TXF Data

Export & Agency Finance MLA Full year 2018

Bank USDm No %
1 Santander 7720m 47 8.3%
2 BNP Paribas 7099m 31 7.6%
3 HSBC 5970m 40 6.4%
4 Credit Agricole CIB 5963m 36 6.4%
5 Société Générale 5863m 29 6.3%
6 Deutsche Bank 4056m 28 4.4%
7 MUFG Bank 3805m 22 4.1%
8 Commerzbank 3140m 41 3.4%
9 UniCredit 3053m 20 3.3%
10 Citi 3045m 17 3.3%

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 Natixis 12131m 41 8.4%
2 ING Bank 11266m 85 7.8%
3 BNP Paribas 7651m 44 5.3%
4 Société Générale 5941m 50 4.1%
5 MUFG Bank 5552m 32 3.8%
6 ABN AMRO 4979m 42 3.4%
7 Deutsche Bank 4304m 25 3%
8 Rabobank 4246m 36 2.9%
9 Standard Chartered 4197m 24 2.9%
10 UniCredit 4069m 34 2.8%

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