TXF in depth

Bright ideas: DFIs up local currency lending
Bright ideas: DFIs up local currency lending
Ross Crear
11 February 2019

Development finance institutions (DFIs) are increasing their local currency finance as they look to alleviate borrower's FX risks and manage unsustainable hard currency reliance in emerging markets. But local currency financiers have lessons to learn as expensive bond issues can add to debt burdens, rather than solve them.

Key LNG projects line up ECA financing
Key LNG projects line up ECA financing
Jonathan Bell
6 February 2019

The increased focus on upstream LNG looks likely to intensify, and the sheer scale of many of these projects will require funds from a range of sources, not least ECA support. Jonathan Bell highlights a couple of prime examples where the ECAs are likely to play leading roles.

Interesting catch: Why MUFG is taking on GE Capital’s TPS
Interesting catch: Why MUFG is taking on GE Capital’s TPS
Katharine Morton
6 February 2019

Taking on an active corporate supply chain finance programme can be a daunting prospect. When that one is the size of GE Capital’s Trade Payables Services, it changes the dimension of the challenge. TXF spoke to Maureen Sullivan, Managing Director and Head of MUFG’s Supply Chain Finance Group for the Americas about why the bank has made such a move, and what her plans are for TPS.

TXF in brief

Pertamina seeks financing for Balikpapan expansion
18 February 2019

State owned oil and gas company Pertamina is seeking financing for the Balikpapan refinery expansion in East Kalimantan, Indonesia.The $5 billion expa...

JTB gas field RFP launched
18 February 2019

Pertamina EP Cepu has launched a request for proposals (RFP) for financing the Jambaran Tiung Biru (JTB) gas field unitisation project in Bojonegoro r...

ANZ adds to sustainable finance team
15 February 2019

ANZ has hired two new members to its sustainable finance team in Australia. Tania Smith joins from Arup and will be a director in the Melbourne office...

Keliber to mandate banks Q3 for mining and lithium project
15 February 2019

Keliber - a subsidiary of Nordic Mining - is expected to mandate banks in Q3 2019 for the financing of the €254 million ($285 million) mining and...

Riau gas-fired IPP debt to sign imminently
15 February 2019

Medco Power and Ratchaburi Electricity - sponsors of the 275MW gas-fired Riau power plant in Indonesia - are expected to reach financial close on a 15...

TXF Data

Export & Agency Finance MLA Full year 2018

Bank USDm No %
1 Santander 7720m 47 8.3%
2 BNP Paribas 7099m 31 7.6%
3 HSBC 5970m 40 6.4%
4 Credit Agricole CIB 5963m 36 6.4%
5 Société Générale 5863m 29 6.3%
6 Deutsche Bank 4056m 28 4.4%
7 MUFG Bank 3805m 22 4.1%
8 Commerzbank 3140m 41 3.4%
9 UniCredit 3053m 20 3.3%
10 Citi 3045m 17 3.3%

TXF Podcast

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Nancy Sinatra & Lee Hazlewood
Summer Wine
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