TXF in depth

Expert briefing: Hands clean? Understanding the UK's trade stance amid Coronavirus
Expert briefing: Hands clean? Understanding the UK's trade stance amid Coronavirus
Rebecca Harding
11 March 2020

Dr Rebecca Harding, CEO of Coriolis Technologies, looks at the UK’s trade negotiation stance after Brexit amid the Coronavirus outbreak. The interconnected nature of global trade means there are (sometimes unusual) opportunities and risks for the country

Nornickel refi: More than a pricing play
Nornickel refi: More than a pricing play
Aife Howse
10 March 2020

Nornickel has sealed a $4.15 billion refinancing at time when Russian corporate borrowers and international lenders have found their cost of debt aspirations harmonising, according to sources, with the producer’s upsized and tightened deal a testament to this market sentiment.

Expert briefing: Has the US-China trade war found peace?
Expert briefing: Has the US-China trade war found peace?
James Burgess
9 March 2020

James Burgess, head of commercial for London and UK South East region at Atradius takes a look at the latest developments in the tit-for-tat US-China trade war, and asks whether 2020 will mark the end of trade war fears?

TXF Originals

Malampaya's RBL underwritten
25 March 2020

Although unconfirmed by the borrower, Udenna Corp’s subsidiary UC Malampaya Philippines is said to have signed a reserves-based loan (RBL) with ...

Press Metal closes $300m facility for stake in BAI
25 March 2020

Malaysian-based aluminium company Press Metal has closed a $300 million dual-tranche Islamic financing to partially back its acquisition of Bintan Alu...

Karoon Energy taps RBL for Bauna oil and gas field acquisition
24 March 2020

Karoon Energy is expected to reach financial close in June on the first tranche of debt stapled to its reserve-based lending (RBL) facility backing th...

Shandong Energy out to banks for term loan
23 March 2020

Shandong Energy Group, via its Australian subsidiary has mandated Ping An, formerly known as Shenzhen Development Bank, as the sole MLA on a three-yea...

Suek out to banks for PXF
20 March 2020

Siberian Coal Energy Co (Suek) is out to banks for a pre-export finance (PXF) facility, despite turbulent market conditions amid the coronavirus pande...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 TD Securities 6504m 1 32.1%
2 ING Bank 772m 7 3.8%
3 UniCredit 681m 5 3.4%
4 JP Morgan 677m 5 3.3%
5 Société Générale 588m 4 2.9%
6 Credit Suisse 488m 4 2.4%
7 Citi 486m 3 2.4%
8 Bank of China 466m 2 2.3%
9 Standard Chartered 450m 2 2.2%
10 Deutsche Bank 436m 3 2.2%

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Joni Mitchell
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