TXF in depth

Spotlight on Singapore as commodity banks nurse potential losses
Spotlight on Singapore as commodity banks nurse potential losses
Jonathan Bell
25 June 2020

The high-profile collapse of Singaporean-based oil trader Hin Leong and other certain suspect cases has highlighted malpractices within the sector and concern for future lendings. Jonathan Bell assesses what this all means for the commodity finance community in the city state.

Russian corporates stay cool, calm and collected amid crisis
Russian corporates stay cool, calm and collected amid crisis
Aife Howse
22 June 2020

While some European commodity-linked corporates are tapping into expensive, short-term debt to boost their liquidity amid the Covid-19 pandemic, many Russian traders and producers are confidently going ahead with general syndicated loans that were in the pipeline even before the crisis.

Shop talk: Ashurst keeps cool as corporate debt restructuring heats up
Shop talk: Ashurst keeps cool as corporate debt restructuring heats up
Aife Howse
17 March 2020

During a volatile time for global trade and the commodities market amid the coronavirus pandemic, TXF spoke to Jean Woo, partner at Ashurst in Singapore, to discuss how the law firm is staying abreast of the legal requirements facing its corporate clients as many of them look to restructure their debt.

TXF Originals

Merchant joins NYPA
12 November 2020

Structured finance banker Rafia Merchant, who focused on origination and client coverage in the energy and metals industries at Bank of China in New Y...

Resgen coal mine financing halted following lender withdrawal
29 October 2020

Sponsors of a R4.2 billion coal mine in Limpopo, South Africa - Resouce Generation (Resgen) - 51%; Fairy Wing Trading (26%), PIC (10%), IDC (10%) and ...

Suek sounds out banks
23 July 2020

Suek, the Siberian coal company, is out to market to raise funds for general corporate purposes, according to bankers. The news comes despite the high...

Novolipetsk Steel signs €600m facility
23 July 2020

Russia’s Novolipetsk Steel (NLMK) has tapped a four-year €600 million facility ($693 million). The loan includes an accordion option that a...

Gunvor SA closes on RCF refinancing
22 July 2020

Gunvor SA has signed a $680 million 364-day uncommitted off balance sheet instrument (OBSI) revolving credit on behalf of some of its subsidiaries. In...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 Société Générale 5670m 50 6.5%
2 ING Bank 5308m 61 6.1%
3 JP Morgan 4857m 11 5.6%
4 BNP Paribas 4781m 39 5.5%
5 MUFG Bank 3878m 30 4.5%
6 Crédit Agricole CIB 3702m 31 4.3%
7 Natixis 3386m 41 3.9%
8 Sumitomo Mitsui Banking Corporation (SMBC) 3261m 24 3.8%
9 Mizuho 3148m 24 3.6%
10 Rabobank 3096m 40 3.6%

TXF Podcast