TXF in depth

Keynote: Finnvera CEO on cruising concentration risk
Keynote: Finnvera CEO on cruising concentration risk
Katharine Morton
24 February 2020

Finnvera’s CEO Pauli Heikkila talks to TXF about how the Finnish ECA’s increased exposure to the cruise ship sector drove much of its stellar growth in 2019. Should managing concentration risk be a concern going forward, not least amid the current coronavirus outbreak? Is Heikkila worried that the ECA, which won TXF’s ECA of the year award in 2018, will find diversification a challenge?

Keynote: Wartsila’s Back on the future of financing flexible power, rain or shine
Keynote: Wartsila’s Back on the future of financing flexible power, rain or shine
Katharine Morton
27 January 2020

Andreas Back, senior manager, financial services at Wartsila goes in depth with TXF to discuss financing sustainable power in a market that still needs backups when the sun is not shining and the wind is not blowing, his competition, his dealings with ECAs and DFIs and also the changes in marine finance. How does it work when your niche is being niche?

On the road again: The very active retirement of Clemente del Valle
On the road again: The very active retirement of Clemente del Valle
Oliver Gordon
6 September 2019

Against all the odds, over the past six years Colombian infrastructure development bank FDN has catalysed a mix of infrastructure funding sources that had never existed in Colombia before. TXF talks to Clemente del Valle – key architect of FDN and who very recently retired as president – about his new projects; the past, present and future of Colombia’s $15 billion 4G road-building programme and creating new infrastructure funding resources.

TXF Originals

Banja Luka-Prijedor motorway PPP signing delayed
4 August 2020

Chinese company Shandong Hi-Speed Group Corporation has delayed financial close of its Banja Luka-Prijedor motorway PPP in Bosnia and Herzegovina due ...

ViA15 still waiting on Tracéwet decision
13 July 2020

The GelreGroen consortium is awaiting legal approval for its €1.2 billion ViA15 motorway project in the Netherlands from the Council of State bef...

JFK Terminal One closes financing
17 June 2020

Despite a number of challenges, Terminal One Group Association's (TOGA) JFK Terminal One project reached financial close on 15 June. The new airpo...

Twin tunnels bidders out to market for debt
8 June 2020

The Spark and ViaNova consortia – the two bidding groups left in the tender for the A$9 billion 6km twin road tunnels piece of the A$15.8 billio...

Israeli Light Rail PPPs progressing
2 June 2020

JNET – a consortium comprising Shapi Engineering and CAF – is expected to reach financial close on the $2 billion-plus Jerusalem Light Rai...

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

Song of the day

The Magic Numbers
Forever Lost
Listen on TXFunky