TXF in depth

COP-out or green finance progress?
COP-out or green finance progress?
Max Thompson
2 November 2021

The plethora of pledges emerging apace from COP26 are expected to spur a spate of emerging market corporate issuance in the capital markets. But with green finance taking centre stage in energy transition, will all these commitments be realised? And how many will be legally binding?

What is holding blended finance back?
What is holding blended finance back?
Kennith Rosario
28 October 2021

From a lack of common understanding, systematic metrics to evaluate impact to opacity in data, MDBs and DFIs weigh in on the challenges of structuring a blended finance deal.

Montezano on BNDES: A different force for change
Montezano on BNDES: A different force for change
Rob Dwyer
26 October 2021

Gustavo Montezano, head of BNDES since 2019, was appointed to rejig the bank’s lending policies and development role. He has done so. Now he has plans for more change across the whole Brazilian infra finance space – not least of which is catalysing a true project finance syndications market in Brazil.

TXF Originals

First Sentier raises cash advance facility for GDIF
2 December 2021

First Sentier Investors has raised a cash advance facility for its Global Diversified Infrastructure Fund (GDIF). The A$750 million two-year revolving...

Ecuador appoints head of new PPP unit
2 December 2021

The government of Ecuador has appointed Roberto Salas Guzman as head of its new PPP unit. The new department will structure and prioritise PPP project...

LAP nears close on airport expansion debt
1 December 2021

Project company Lima Airport Partners (LAP) is nearing financial close on the long term debt facility for its Jorge Chavez International Airport expan...

Tubbax and Huah join InterContinental
1 December 2021

Valery Tubbax has left SMBC and joined green hydrogen developer InterContinental Energy as chief financial officer. Tubbax was with SMBC for 14-plus y...

More details on Intersect Power's construction financing
30 November 2021

More details have emerged on the $800 million of construction debt Intersect Power closed in early November to finance its 300MW Radian Solar PV proje...

TXF Data

Export & Agency Finance Lender 2021

Bank USDm No %
1 ING Bank 936m 9 6.8%
2 Santander 923m 9 6.7%
3 Crédit Agricole CIB 881m 9 6.4%
4 Deutsche Bank 829m 8 6%
5 Société Générale 648m 5 4.7%
6 BNP Paribas 614m 8 4.5%
7 HSBC 559m 8 4.1%
8 Sumitomo Mitsui Banking Corporation (SMBC) 546m 10 4%
9 Citi 543m 4 4%
10 JP Morgan 510m 8 3.7%

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