TXF in depth

Oyu Tolgoi furthers funding pit
Oyu Tolgoi furthers funding pit
Max Thompson
16 September 2020

Rio Tinto via its ownership of Turquoise Hill Resources has finally inked an agreement for the additional financing of the long-dated Oyu Tolgoi mining project in Mongolia - albeit with significant construction risk.

EV gigafactories: Europe moves up a gear
EV gigafactories: Europe moves up a gear
Jonathan Bell
9 September 2020

Tesla has been running the show on so-called gigafactories for electric vehicles for some time. But now Europe with considerable support from DFIs and backing by ECAs for select projects is firmly in the race.

Commodity trade finance: Please mind the funding gap
Commodity trade finance: Please mind the funding gap
Aife Howse
20 August 2020

With European banks retreating from the commodity finance space, amid a raft of corporate losses and fraud cases in the wake of the pandemic, the risk perception of the sector is ballooning while the pool of funds shrink. But, despite an inevitable uptick in the cost of capital for traders and the need for alternative funding structures, could second and third tier corporates benefit from a shake up?

TXF Originals

BB Energy closes annual RCF
15 October 2020

BB Energy has closed a $197.5 million revolving credit facility, split into a one-year $137.5 million tranche and a one-year $60 million tranche. Proc...

World Bank invites EoIs for Libyan LNG import projects
8 October 2020

The World Bank is seeking prospective advisers for the planning of two LNG import facility projects in Libya. Responses to the DFI’s invite for ...

Mercuria returns to launch Asian RCF
23 September 2020

Mercuria has launched its annual Asian revolver at $980 million. The deal is expected to reach financial close in November, with the deadline for bank...

Mizuho reaffirms place in European commodities finance
21 September 2020

Mizuho is sticking firmly with its European commodities clients in the wake of key commodity finance lenders - ABN Amro, BNP Paribas and Rabobank - an...

Vrontamitis to step down from StanChart
18 September 2020

Michael Vrontamitis, a stalwart of the international trade finance industry, is to leave Standard Chartered Bank at the end of October. Vrontamitis, w...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.4%
2 BNP Paribas 4734m 25 7.3%
3 Société Générale 3808m 24 5.8%
4 ING Bank 3785m 35 5.8%
5 MUFG Bank 2992m 21 4.6%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2594m 16 4%
7 Mizuho 2459m 16 3.8%
8 Crédit Agricole CIB 2451m 16 3.8%
9 HSBC 2019m 13 3.1%
10 Rabobank 2007m 23 3.1%

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