TXF in depth

Shop talk: VTB on trade flows and growth in China
Shop talk: VTB on trade flows and growth in China
Max Thompson
3 December 2019

On the sidelines of VTB’s RUSSIA CALLING! event in Moscow last month, Igor Ostreyko, managing director of trade and export finance at VTB and Anna Ponomareva, head of ECA and agency finance at VTB, discuss the health of the bank’s trade finance portfolio amid record growth in China.

LNG: Cross-dressing commodity traders and portfolio players
LNG: Cross-dressing commodity traders and portfolio players
Aife Howse
2 December 2019

Commodity traders have always been customers to portfolio players in the LNG space. However, as traders up the signing of long-term offtake contracts, portfolio players are beginning to sell a large chunk of their LNG on the spot market as both parties compete for volume.

CPRI market in the process of maturing: TXF talks to Matthew Beckett
CPRI market in the process of maturing: TXF talks to Matthew Beckett
Katharine Morton
29 November 2019

Appetite and capacity for credit and political risk insurance (CPRI) has been growing in the past 10 years but may be plateauing as the market matures. Matthew Beckett, EMEA director of insurance placement and loan capital markets at SMBC gives Katharine Morton a bank’s perspective on the future of what has been perceived as a ‘silent’ product in the run up to TXF’s CPRI conference in London on 4 December

TXF Originals

Gibson joins Credit Agricole
12 December 2019

Duncan Gibson has joined Credit Agricole as a director in the PF EMEA Loan Distribution Team led by Koo Cho and Toby Walker. Gibson joins from KfW IPE...

Jizan utilities loan out to banks
12 December 2019

Saudi Aramco, Air Products & Chemicals and ACWA Power – sponsors on the $10.5 billion Jizan utilities acquisition financing – are expe...

Dongying halts $300m PXF refi
12 December 2019

Shandong-based copper smelters Dongying Fangyuan Nonferrous Metals and Dongying Lufang Metals Material have called off its $300 million one-year PXF r...

RAPID starts to draw down debt
11 December 2019

Petronas and Saudi Aramco are approaching financial close on the final tranche of a $9.5 billion 18-year debt package for their $15.3 billion Pengeran...

CFXD offshore wind deal to close early 2020
11 December 2019

Although the 600MW Changfang and Xidao (CFXD) offshore wind project portfolio in Taiwan was aimed to close before the end of Q4 2019, those close to t...

TXF Data

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 ING Bank 7778m 74 6.8%
2 Société Générale 6910m 58 6.1%
3 BNP Paribas 6795m 52 6%
4 Natixis 4959m 57 4.4%
5 MUFG Bank 4469m 36 3.9%
6 ABN AMRO 4283m 37 3.8%
7 Credit Agricole CIB 4233m 44 3.7%
8 Citi 3734m 27 3.3%
9 Rabobank 3316m 39 2.9%
10 Mizuho 3051m 20 2.7%

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