TXF in depth

Shop talk: Sustainability strategies with Gunvor’s first female CFO
Shop talk: Sustainability strategies with Gunvor’s first female CFO
Aife Howse
7 January 2020

Eight months into her new role as CFO at Gunvor, TXF spoke with Muriel Schwab, the first ever woman to fill these shoes at the energy trader, to discuss where the company’s funding strategies will take its trading ventures in 2020.

Lamesa: A path through the US sanctions maze?
Lamesa: A path through the US sanctions maze?
Leigh Hansson
6 January 2020

A recent UK court judgement has finally provided clarity for businesses operating globally around how to manage US sanctions risk contractually, including risks arising from secondary sanctions. But whether this ruling blunts the potency of the US’ sanctions in the UK remains to be seen.

Shoptalk: Marsh on mergers, markets and 2020
Shoptalk: Marsh on mergers, markets and 2020
Niamh Curran
2 January 2020

TXF spoke with Marcus Miller, leader of Marsh's global lenders solution group to discuss the broker's recent merger with JLT, as well as the health of the credit and political risk insurance (CPRI) market.

TXF Originals

Trafi upsizes loan for Norilsk's copper cathodes
17 January 2020

Trafigura has closed a 12-month $300 million limited recourse term loan to finance the procurement of copper cathodes from Russian-based Norilsk Nicke...

Cote d'Ivoire agrees $570m of loans from Chexim
17 January 2020

The Export–Import Bank of China (Chexim) has agreed to provide two loans totalling CFA335.7 billion (US$570 million) for the financing of domest...

Boarts joins CIBC as director of loan synidcations
17 January 2020

Michael Boarts joined the Canadian Imperial Bank of Commerce (CIBC) at the end of 2019 as executive director of loan syndications, after five years as...

Premier Oil's Sea Lion project debt takes shape
16 January 2020

Premier Oil and Rockhopper Exploration have mandated lead banks for the ECA-backed financing of the $1.5 billion Sea Lion oil field development off th...

Mainstream nears close on IDB deal for renewables portfolio
16 January 2020

Mainstream is in talks with the Inter-American Development Bank (IDB) for a $150 million loan to finance part of the 730MW solar and wind scheme in Hu...

TXF Data

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 ING Bank 8007m 77 6.7%
2 BNP Paribas 7075m 55 5.9%
3 Société Générale 6948m 59 5.8%
4 Natixis 5113m 60 4.3%
5 MUFG Bank 4646m 39 3.9%
6 Credit Agricole CIB 4547m 47 3.8%
7 ABN AMRO 4481m 39 3.8%
8 Citi 3814m 28 3.2%
9 Rabobank 3343m 40 2.8%
10 Mizuho 3244m 22 2.7%

TXF Podcast

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