TXF in depth

A ballsy solution: Metinvest's borrowing bounceback
A ballsy solution: Metinvest's borrowing bounceback
Callum Burroughs
30 May 2018

Despite finalising a lengthy debt restructuring in 2017, vertically integrated metals producer Metinvest returned to the debt markets in April to close the largest refinancing by a Ukrainian corporate to date. Not only has the borrower managed to extend its debt maturities, the combined bond and PXF refinancing has significantly lowered the overall cost of debt.

 Trade risk: Venezuela has a future – but what?
Trade risk: Venezuela has a future – but what?
David H. Anderson
24 May 2018

In the wake of the illegitimate 20 May presidential elections, Venezuela is at an inflection point. The country faces an acute political and economic crisis, and the Maduro government’s long-term viability is low. For trade and export financiers, it is important to consider what comes next in Venezuela, and what signals will determine the country’s path.

Top takeaways from TXF Natural Resources & Commodity Finance 2018
Top takeaways from TXF Natural Resources & Commodity Finance 2018
Jonathan Bell
22 May 2018

From patterns in consolidation, competition and coal to local liquidity, legal issues and leveraging the power of sustainability, there were a number of content takeaways from two days of dynamic debate and discussion at TXF Amsterdam 2018.

TXF in brief

Uralkali prices tighter on another PXF refi
18 July 2018

Uralkali, one of the world’s largest potash producers, has signed a new pre-export facility (PXF). The $825 million five-year deal, signed on 29...

Resolute Mining signs new $100m RCF
17 July 2018

Resolute Mining signed a new $100 million revolving credit facility (RCF) on 13 July. The three-year facility is fully underwritten by Investec a...

Texican signs extension and seeks new lead bank for RCF
16 July 2018

Texican Natural Gas Company has signed a four-month extension on the one-year $100 million revolving credit facility (RCF) it signed on 13 J...

Gunvor signs and upsizes RCF
12 July 2018

Gunvor has refinanced and upsized the $615 million one-year revolving credit (RCF) it closed in July 2017. Two banks from last year'...

MOL refinances RCF with tighter pricing
11 July 2018

Hungarian oil and gas company MOL has refinanced its October 2015 revolving credit. Signed on 9 July, the new €555 million ($650.5 million) five-...

TXF Data

Commodity Trade Finance MLA Full year 2017

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