TXF in depth

Nacala Logistic Corridor: a private-private partnership
Nacala Logistic Corridor: a private-private partnership
Tom Nelthorpe
1 December 2017

The largest infrastructure project financing in Africa to date, the complex dual-jurisdiction set of agreements for the $2.7 billion Nacala rail financing has lessons for African governments in how to collaborate to attract private infrastructure investment and ECA backing.

Exporting UK PLC
Exporting UK PLC
Eavie Burnett
29 November 2017

This year’s British Exporters Association (BExA) UKEF benchmarking report - 'Exporting is not the new black' - scores the ECA an impressive 9/10. However, the report is also insistent that, to fully promote UK exports, a pan-governmental approach must be taken. TXF talks to Marcus Dolman, co-chairman of BExA, about the issues behind some of the report's highlights.

Sorting Sonangol?
Sorting Sonangol?
Dr. Robert Besseling
28 November 2017

Despite a complete overhaul of management at Sonangol - most notably the removal of Isabel dos Santos as chairperson - the ongoing refinancing of the state-owned oil company faces new challenges from a recent massive increase in borrowing.

TXF in brief

Atimonan One nearing close
8 December 2017

Meralco PowerGen (MGen) has finalised the terms of a PHP107.5 billion ($2.1 billion) loan with eight local banks for the PHP135 billion 1200MW At...

Louis Dreyfus RCF close imminent
8 December 2017

A refinancing of Louis Dreyfus’s $1 billion revolving credit facility (RCF) is set to close next week after key documents were signed today. The...

Mercon closes borrowing base refi despite debt doubts
8 December 2017

Nicaraguan coffee trader Mercon Coffee Group has closed a refinancing of its one-year $500 million borrowing base facility albeit with an amended bank...

Vinci closes Cologne schools PPP revolver
8 December 2017

Vinci Facilities SKE has raised a €42.5 million ($49.8 million) revolving credit to fund four schools PPP projects in Cologne. Structured via ...

New structured commodity hires for ABN Amro Asia
8 December 2017

Michael Wang, former head of structured metals and energy finance China at ING Bank, and Mengfei Wang, formerly of Deutsche Bank, have joine...

TXF Data

Export & Agency Finance MLA Full year 2016

Bank USDm No %
1 Intesa Sanpaolo 6731m 4 7.5%
2 Gazprombank 6524m 1 7.3%
3 Sberbank 6524m 1 7.3%
4 Sumitomo Mitsui Banking Corporation (SMBC) 5000m 31 5.6%
5 Mitsubishi UFJ Financial Group (MUFG) 4723m 30 5.3%
6 HSBC 4187m 34 4.7%
7 Mizuho 3833m 21 4.3%
8 ING Bank 3644m 48 4.1%
9 Citi 3124m 22 3.5%
10 Credit Agricole Corporate and Investment Bank 2896m 24 3.2%

Commodity Trade Finance MLA Full year 2016

Bank USDm No %
1 Société Générale 8711m 54 7.9%
2 Mitsubishi UFJ Financial Group (MUFG) 6958m 30 6.3%
3 ING Bank 6253m 58 5.6%
4 Natixis 5877m 48 5.3%
5 ABN AMRO 5755m 38 5.2%
6 Rabobank 5215m 39 4.7%
7 Deutsche Bank 4776m 25 4.3%
8 HSBC 4758m 27 4.3%
9 UniCredit 4609m 34 4.2%
10 BNP Paribas 3902m 29 3.5%

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