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.

Kernel: Proving bank appetite for Ukrainian corporate debt
Kernel: Proving bank appetite for Ukrainian corporate debt
Aife Howse
7 October 2019

Kernel signed a tightly priced $390 million PXF last month – a rare example of a Ukrainian corporate taking the structured trade finance route in 2019. And despite the political turmoil developing in Ukraine, the agri trader is out to the international bond/unsecured debt markets for future fundraising plans.

End of an era: MacNamara’s final say
End of an era: MacNamara’s final say
Aife Howse
1 October 2019

Before his retirement at the end of last month, after nearly 40 years in the commodity finance sector, TXF spoke with Deutsche Bank’s global head of structured commodity trade finance John MacNamara one last time.

TXF Originals

Ithaca closes RBL to acquire Chevron's North Sea assets
15 November 2019

Ithaca Energy, a subsidiary of Israeli energy and infrastructure company Delek, has announced that its acquisition of Chevron’s North Sea fields...

ENH to start raising $1.5 billion for Mozambique LNG project next week
13 November 2019

Next week, Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH) is to launch a $1.5 billion capital raise to financ...

NLNG train seven debt out to banks
13 November 2019

Nigeria LNG (NLNG) is out to banks with the debt package for its train seven project. The deadline for responses is December 10. SCD Group – a j...

Companies find opportunity amid global trade disruption
5 November 2019

Businesses are more optimistic about their prospects to find opportunity in new markets than they were last year even as their expectations of protect...

Trafigura to renew annual metals borrowing base
4 November 2019

Trafigura will renew its annual $1.96 billion refined metals borrowing base by the end of this month. Some tweaks are being made to the terms and...

TXF Data

Commodity Trade Finance Lender H1 2019

Bank USDm No %

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