TXF in depth

Mercuria's Asian RCF: A close (margin) shave
Mercuria's Asian RCF: A close (margin) shave
Aife Howse
12 December 2019

Mercuria’s annual $1.2 billion Asian RCF closed last month. While the downsized deal and significant margin savings suggest the trader has a strong financial position, a continued drop in its oil trading business could spell a different fundraising story for 2020.

TXF Geneva: Qbera Capital on thinking outside the box
TXF Geneva: Qbera Capital on thinking outside the box
Aife Howse
20 November 2019

At the sidelines of TXF Geneva, TXF sat down with Amitji Odedra from Qbera Capital to discuss corporate appetite for diversification in funding, how the trade finance gap is creating opportunities for alternative funds and dabbling in the secondary trading market. 

TXF Originals

New details on IDB's $1bn loan to Chilean power companies
21 July 2020

New details have emerged surrounding the size and beneficiaries of IDB Invest’s credit line for Chilean power companies which were impacted by l...

Roman-Urcuyo joins CAF Latin America
9 June 2020

From 15 June, Rosalia Roman-Urcuyo will begin her new role as director of non-sovereign operations, legal affairs, at CAF, the development bank of Lat...

Puma Energy secures RCF
7 May 2020

Singapore headquartered Puma Energy closed a one-year $310.5 million RCF in late April. Proceeds will be used to refinance its existing one-year $350 ...

Shandong Energy out to banks for term loan
23 March 2020

Shandong Energy Group, via its Australian subsidiary has mandated Ping An, formerly known as Shenzhen Development Bank, as the sole MLA on a three-yea...

Top takeaways from CESCE event in Madrid
27 February 2020

The digital revolution and energy transition were the two main thematic pillars to yesterday’s XII CESCE conference in Madrid. The programme, wh...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.8%
2 BNP Paribas 4662m 24 7.5%
3 Société Générale 3670m 21 5.9%
4 ING Bank 3181m 30 5.1%
5 MUFG Bank 2837m 18 4.6%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2517m 15 4%
7 Credit Agricole CIB 2444m 15 3.9%
8 Mizuho 2405m 15 3.9%
9 HSBC 2019m 13 3.2%
10 UniCredit 1868m 13 3%

TXF Podcast

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The Magic Numbers
Forever Lost
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