TXF in depth

Rethinking the rules of development financing
Rethinking the rules of development financing
Jonathan Bell
21 November 2018

A new report on competition within export, ECA-backed and development financing and how some of these practices are distorting the multilateral finance system has just been released. Jonathan Bell assesses the report and suggests that policy makers need to act now.

International Financial Sanctions: How is the landscape changing?
International Financial Sanctions: How is the landscape changing?
Leigh Hansson
20 November 2018

International businesses are facing a more challenging and perilous sanctions environment. Brett Hillis and Leigh Hansson, partners at Reed Smith, discuss key sanctions regimes in Russia and Iran, as well as the long-reach of US sanctions, Brexit, and the uncertainties raised by the EU Blocking Regulation.

Sakaka: Cash in sand
Sakaka: Cash in sand
Max Thompson
19 November 2018

Saudi Arabia has reached financial close on its first solar utility-scale project – the 300MW Sakaka solar PV plant. The soft miniperm financing is being put forward as a template for pure commercial bank project funding under the Vision 2030 programme. But at the moment just one bank is underwriting the whole deal.

TXF in brief

Eight shortlisted for Lebanese FSRUs
5 December 2018

The Lebanese Ministry of Energy & Water has shortlisted eight bidders for the nation’s first three liquefied natural gas floating storage an...

SFR FTTH owners out to banks for roll-out funding
5 December 2018

Altice and the consortium comprising Allianz, AXA and OMERS – which agreed to buy a 49.99% stake in Altice’s SFR FTTH broadband business l...

Bids in for $1bn MUFG project loan portfolio
5 December 2018

Bids have been submitted by prospective banks looking to buy a portfolio of 33 project finance loans, totalling more than $1 billion, from MUFG. ...

Moray East offshore wind financing to close today
5 December 2018

The £2.1 billion ($2.68 bilion) 950MW Moray East offshore wind farm financing is to reach financial close today. Financed on a debt-to-equity...

More details on Seamade financing
4 December 2018

More details have emerged on the €1.3 billion ($1.48 billion) 488MW Seamade offshore wind project financing. Seamade – a joint venture b...

TXF Data

Commodity Trade Finance MLA Full year 2018

Bank USDm No %
1 ING Bank 9955m 73 8.7%
2 Natixis 6923m 29 6%
3 BNP Paribas 6584m 36 5.7%
4 MUFG Bank 5316m 29 4.6%
5 ABN AMRO 4614m 37 4%
6 Société Générale 4128m 37 3.6%
7 Rabobank 4011m 32 3.5%
8 Deutsche Bank 3866m 20 3.4%
9 UniCredit 3860m 29 3.4%
10 Standard Chartered 3568m 21 3.1%

TXF Podcast