TXF in depth

Assiut expansion: Egypt’s bank-to-bank benchmark
Assiut expansion: Egypt’s bank-to-bank benchmark
Eavie Burnett
8 March 2021

Egypt’s $2.8 billion Assiut oil refinery expansion project is due to close an ECA-backed loan this year after pandemic-related delays to the deal. The project sponsor opted for a rare local bank-to-bank tranche from a pool of first class Egyptian banks, which lenders are still trying to wrap their heads around, and could add to the already lengthy deal gestation.

Africa: ECAs support headline acts on project finance stage
Africa: ECAs support headline acts on project finance stage
Max Thompson
3 March 2021

ECAs upped their support for big-ticket project financings in Africa last year. And there is room for significant export finance growth with a pipeline of projects set to reach financial close in 2021.

ECAs and the once elusive SME: Hunting the Snark?
ECAs and the once elusive SME: Hunting the Snark?
Katharine Morton
25 February 2021

What has Covid meant for ECAs and their ability to attract smaller companies? How are ECAs responding to the needs of these new clients and how are they broadening their financing partners? Once the pandemic imperative is over, will those smaller businesses be back for more? TXF talks to four ECAs about their experience with SMEs – and finds out things may have changed for good.

TXF Originals

Adani's Rajasthan renewables hybrid debt out to syndication
8 April 2021

Adani Green Energy’s certified green project debt package, designed to initially fund its under-construction 1.69GW hybrid renewables portfolio ...

Finerge closes EDPR acquisition portfolio refinancing
8 April 2021

Finerge has closed on the refinancing of a 242MW onshore wind portfolio in Spain; assets it acquired for €450 million from EDPR in December 2020....

Fabbrizzi named Americas renewables and infra head at DNB
6 April 2021

Emilio Fabbrizzi has been promoted to head of Americas renewables and infrastructure at DNB Bank. Fabbrizzi was officially elevated from his role as h...

Advanced Power amends Ohio gas-fired plant term B loan
6 April 2021

Advanced Power has sealed a cash flow sweep amendment to the term loan B backing its 700MW gas-fired Carroll County Energy Center in Ohio. Sponso...

EXCLUSIVE: ECA lenders saved from wipeout as Smile Telecoms avoids liquidation
1 April 2021

Smile Telecom has been saved from the brink of liquidation after its majority shareholder issued a last-minute waiver to conditions attached to its ne...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 4911m 31 6.6%
2 BNP Paribas 4261m 26 5.7%
3 Société Générale 4196m 27 5.6%
4 Mizuho 3897m 21 5.2%
5 Santander 3219m 29 4.3%
6 MUFG Bank 3183m 25 4.3%
7 KfW IPEX-Bank 3037m 17 4.1%
8 Industrial and Commercial Bank of China (ICBC) 3019m 10 4.1%
9 JP Morgan 2857m 16 3.8%
10 Standard Chartered 2595m 22 3.5%

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