TXF in depth

Ichthys LNG: More of a reprice than refi
Ichthys LNG: More of a reprice than refi
Max Thompson
18 June 2020

One of the world’s largest LNG projects - Ichthys LNG - has just refinanced the original 2012 ECA-backed project debt stapled to the scheme. But for a repricing exercise in the Covid-19 epoch, the margin savings on the ECA portion were better than expected.

Stuck in the great oil game!
Stuck in the great oil game!
Jonathan Bell
13 May 2020

The oversupply of crude oil coupled with the massive fall in demand due to Covid-19 has led historically low prices. What is the impact of this and who are the winners and losers? Jonathan Bell delves into the well to explore the scene.

Keynote: Chameleon KDB – when a DFI is not a DFI
Keynote: Chameleon KDB – when a DFI is not a DFI
Katharine Morton
26 March 2020

Adolfo Dindo Abueg, co-head of project finance, Asia Pacific at Korea Development Bank discusses life when your development bank is a development bank only in Korea, and elsewhere it’s a full blood commercial bank. Abueg shares how the bank operates, and his optimism in spite of Coronavirus.

TXF Originals

Petron sounds out banks for new loan with higher margin
12 August 2020

Philippines-based oil refiner Petron is sounding out banks for a self-arranged club loan in response to the impact of the Covid crisis.Petron and the ...

SMB Offshore finalises guarantee for Liza Destiny FPSO debt
10 August 2020

Dutch oil and gas company SBM Offshore witnessed its pre-completion parent company guarantee for the $720 million debt package backing its Liza Destin...

Leviathan pricing guidance issued
31 July 2020

Pricing guidance is out on the $2.25 billion Leviathan bond, proceeds from which will take out the $1.75 four-year construction financing Delek Drilli...

Leviathan Bond on roadshow
29 July 2020

Delek Drilling is out to market with a proposed $2.25 billion bond issue, proceeds from which will take out the $1.75 four-year construction financing...

Trafi's annual RCF prices in line with previous year
24 July 2020

Trafigura is out to market for its annual revolving credit facility (RCF), with bank commitments due by 28 August. However, some banks have dropped ou...

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%

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