TXF in depth

Gunvor raises biodiesel borrowing base benchmark
Gunvor raises biodiesel borrowing base benchmark
Aife Howse
15 December 2020

Gunvor’s oversubscribed biodiesel borrowing base has revealed significant lender support for the backing of cleaner products in line with the energy transition. But, with the handful of biggest traders attracting plenty of debt, and SMEs struggling to secure such volumes of financing, the already large funding gap at the lower end of the commodity trade finance market is set to widen.

Shop talk: HEXIM - A one-stop-shop kind of ECA
Shop talk: HEXIM - A one-stop-shop kind of ECA
Max Thompson
9 December 2020

TXF sat down with Gergely Jakli, CEO and chairman of the board of directors at HEXIM, and Nikita Gusakov, CEO at EXIAR, to outline a landmark financing closed with Egyptian National Railways earlier this year, as well as what integrated ECAs have to offer as new one-stop-shops for export finance solutions. 

Changhua 1: Another step forward in Taiwan's offshore wind evolution
Changhua 1: Another step forward in Taiwan's offshore wind evolution
Max Thompson
17 November 2020

With Orsted’s potential equity partners in its Changhua 1 offshore wind project wanting to eye loan agreements before debt signing, the project financing is nearing close. The facility is similar to its Taiwanese offshore wind precursors in many ways – but is also expected to be another small evolution in tenor and pricing.

TXF Originals

Invenergy reaches financial close on Maverick Wind
21 January 2021

Invenergy has closed on a $367.4 million one-year construction financing to back its $402 million 288MW Maverick Wind Energy Center project in Oklahom...

sPower closes on Luna storage project
21 January 2021

sPower has closed on the debt to finance its 100MW/400 MWh Luna storage project in the City of Lancaster, California. The project is backed by a 15-ye...

Tanzania invites EoIs for hydropower plant
20 January 2021

Tanzania has invited expressions of interest (EoIs) from prospective bidders for the construction of the $144 million 50MW Malagarasi hydropower plant...

Philippines hydropower projects refinance debt
19 January 2021

The 10-year P18 billion ($375 million) of debt to refinance two DFI-backed hydropower rehabilitation projects in the Philippines signed this month.The...

Bruc's Jerez solar deal goes long tenor
19 January 2021

The recent project financing by Bruc Energy – which is ultimately owned by Ontario Pension Trust and Juan Bejar – of its 110MW solar PV pr...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 BNP Paribas 4410m 49 6.1%
2 Sumitomo Mitsui Banking Corporation (SMBC) 4299m 32 6%
3 Société Générale 4279m 37 5.9%
4 Santander 4012m 52 5.6%
5 Mizuho 3255m 21 4.5%
6 KfW IPEX-Bank 3227m 38 4.5%
7 MUFG Bank 3022m 26 4.2%
8 Crédit Agricole CIB 2782m 27 3.9%
9 Standard Chartered 2603m 22 3.6%
10 Industrial and Commercial Bank of China (ICBC) 2520m 8 3.5%

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