TXF in depth

Russian corporate borrowing: Is de-dollarisation the answer to sanctions?
Russian corporate borrowing: Is de-dollarisation the answer to sanctions?
Aife Howse
25 October 2019

De-dollarisation in Russia is on the rise. And with already limited access to the international syndicated loan markets in the face of US sanctions, euro-denominated funding is providing a lower cost of debt for commodity-linked Russian borrowers.

Grand Eweng: Controlled flow or flood?
Grand Eweng: Controlled flow or flood?
Oliver Gordon
14 August 2019

Nachtigal set the financing template for hydro in Cameroon in late 2018. Now a very ambitious project more than four times the size of Nachtigal is underway, but is it too much too soon in terms of of bankability?

TXF Commodities Amsterdam 2019: ING on following the supply chain
TXF Commodities Amsterdam 2019: ING on following the supply chain
Aife Howse
15 July 2019

In the midst of TXF Amsterdam, Natalia Heidendal, head of structured commodity finance at ING, talks about the search for producers within emerging markets, the rise of base metals and the risks imposed by sanctions and tariffs within the commodity market.

TXF Originals

Press Metal closes $300m facility for stake in BAI
25 March 2020

Malaysian-based aluminium company Press Metal has closed a $300 million dual-tranche Islamic financing to partially back its acquisition of Bintan Alu...

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...

Suek out to banks for PXF
20 March 2020

Siberian Coal Energy Co (Suek) is out to banks for a pre-export finance (PXF) facility, despite turbulent market conditions amid the coronavirus pande...

Tata Steel signs €1.75bn dual-tranche facility
12 March 2020

Tata Steel, via its Dutch business unit Tata Steel Netherlands Holdings, has signed a €1.75 billion ($1.91 billion) dual-tranche loan, with five-...

China Hongqiao sounds out banks amid Shandong uncertainty
6 March 2020

Shandong-based aluminium producer China Hongqiao is out to market with a three-year $200 million term loan. China Citic Bank and ING are the BMLAs on ...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 TD Securities 6504m 1 32.1%
2 ING Bank 772m 7 3.8%
3 UniCredit 681m 5 3.4%
4 JP Morgan 677m 5 3.3%
5 Société Générale 588m 4 2.9%
6 Credit Suisse 488m 4 2.4%
7 Citi 486m 3 2.4%
8 Bank of China 466m 2 2.3%
9 Standard Chartered 450m 2 2.2%
10 Deutsche Bank 436m 3 2.2%

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The Animals
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