TXF in depth

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?

Mercuria’s European refi: The end of costly 'Covid-19 premiums'?
Mercuria’s European refi: The end of costly 'Covid-19 premiums'?
Aife Howse
27 July 2020

Mercuria sealed tight pricing on its European RCF refinancing despite sounding out banks in the midst of the pandemic. The deal signed when other investment grade commodity-linked borrowers were hit with more hefty ‘Covid-19 premiums’.

TXF Originals

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...

Mardie Minerals raising finance for salt and potash project
14 September 2020

Australian Mardie Minerals, a wholly owned subsidiary of BCI Minerals, is raising equity to back the early construction works on a government-approved...

ING appoints van Vliet as global head of KYC
11 September 2020

ING has given previous commodity finance head Anthony van Vliet the role of global head of KYC for wholesale banking. In his new role, which he starte...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.5%
2 BNP Paribas 4662m 24 7.2%
3 Société Générale 3808m 24 5.9%
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 Credit Agricole CIB 2451m 16 3.8%
9 HSBC 2019m 13 3.1%
10 Rabobank 2007m 23 3.1%

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