TXF in depth

West Bakr: Borrowed template with better pricing
West Bakr: Borrowed template with better pricing
Niamh Curran
2 October 2019

Lekela Power’s DFI-backed financing for its 250MW West Bakr wind project borrows heavily from the Gulf of Suez wind template in 2017. While there have been improvements in speed of delivery and cost of debt, does angst about Egyptian political risk run too deep for these financings to ever get done with minimal DFI or ECA support?

End of an era: MacNamara’s final say
End of an era: MacNamara’s final say
Aife Howse
1 October 2019

Before his retirement at the end of last month, after nearly 40 years in the commodity finance sector, TXF spoke with Deutsche Bank’s global head of structured commodity trade finance John MacNamara one last time.

TXF Welcomes Sibos to our Manor!
TXF Welcomes Sibos to our Manor!
Katharine Morton
25 September 2019

Introducing TXF’s vital guide to Sibos, the issues raised for the future of financing international trade for banks and corporates alike as SWIFT’s leviathan event comes to London for the first time.

TXF Originals

ChemChina to restructure $5.5bn facility
11 October 2019

State-owned China National Chemical Corp (ChemChina) is poised to establish a new firm in Hong Kong. ChemChina sought banks approval on September 11 t...

Waters new head of global loan syndication at ICBC
10 October 2019

Mark Waters will join ICBC this December as head of global loan syndication. Waters, who will be based in London and replaces Benny Zachariah, will jo...

Carlyle adds to Infra Credit team
10 October 2019

Carlyle Group has added Manish Taneja, previously head of International Risk Distribution and Loan Syndications at Wells Fargo, to its Infrastructure ...

EF Solare closes on second refinancing
10 October 2019

EF Solare – solely owned by F2i infrastructure fund since December 2018 – has reached financial close on the refinancing it signed in late...

Record low bids for DEWA's latest solar offer
10 October 2019

DEWA has pulled in record low tariff offers for its latest 900MW solar PV scheme – the fifth phase of the 5GW Mohammed Bin Rashid Al-Maktoum sol...

TXF Data

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 ING Bank 6283m 54 6.4%
2 BNP Paribas 6109m 44 6.2%
3 Societe Generale 6029m 50 6.1%
4 Natixis 4092m 42 4.2%
5 ABN AMRO 3581m 28 3.6%
6 MUFG Bank 3562m 28 3.6%
7 Citi 3453m 21 3.5%
8 Credit Agricole CIB 3199m 34 3.3%
9 Standard Chartered 2819m 23 2.9%
10 Rabobank 2773m 32 2.8%

TXF Podcast

Song of the day

Amen Corner
If Paradise Is Half As Nice
Listen on TXFunky