TXF in depth

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. 

Rusal: Going green or a tinge of greenwash?
Rusal: Going green or a tinge of greenwash?
Aife Howse
5 November 2019

Given its status as the world's second largest aluminium producer, Rusal's sustainability-linked loan debut is good news for the growing ESG movement. But like other deals in the commodity sector that have closed before it, the financial structure in Rusal's deal lacks the teeth to leave no doubt that it is not tinged with a bit of greenwash.

TXF Originals

Volvo seals EKN-backed RCF
1 June 2020

Swedish car maker, Volvo, signed a two-year Skr10.666bn (€1bn) ECA-backed revolving credit facility last month. The deal, which comes with a one ...

Northvolt battery factory project progressing
21 May 2020

Northvolt is progressing a €1 billion ($1.1 billion) multi-sourced debt financing for its planned Northvolt Ett lithium-ion battery factory proje...

MegaFree project signs debt package
14 May 2020

Sponsors of the MegaFree project in Italy - a joint venture between Megamark (49%) and E3E (51%) -  signed a €24.7 million multi-tranche fac...

Case study: Maire Tecnimont/KuAzot seals Volgafert urea fertilizer project financing
6 April 2020

The Volgafert urea fertilizer plant in Russia – a joint venture between Russian chemical producer KuibyshevAzot (KuAzot) and Italian Maire Tecni...

Evraz closes $750 million term loan
2 April 2020

Russian steel, mining and vanadium producer Evraz has closed a five-year $750 million unsecured term loan. Signed on 18 March, the deal was led by MLA...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.5%
2 BNP Paribas 4662m 24 7.2%
3 Société Générale 3808m 24 5.9%
4 ING Bank 3785m 35 5.8%
5 MUFG Bank 2992m 21 4.6%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2594m 16 4%
7 Mizuho 2459m 16 3.8%
8 Credit Agricole CIB 2451m 16 3.8%
9 HSBC 2019m 13 3.1%
10 Rabobank 2007m 23 3.1%

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