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08 May 2017

Perfect 10 Reliance Industries: Needs must - Needs met - a TXF ECA/project finance Deal of the Year

A first for Reliance in terms of debt volume and vessel type, its partially ECA-covered VLEC post-delivery financing ticked all the lender and borrower boxes.

05 May 2017

The cost of power: Bangladesh’s Maitree project exposes India Exim’s appetite

India Exim has extended a $1.6 billion loan to the Bangladesh India Friendship Power Company for the $2 billion 2x600MW coal-fired super critical Maitree power project in...

05 May 2017

Perfect 10 PDO: How to make a $4bn entrance - a TXF commodity finance Deal of the Year

Petroleum Development Oman (PDO) debuted in the pre-export finance market last year with a $4 billion five-year facility – the biggest financing into Oman to date and the...

04 May 2017

Perfect 10 Angola LNG: Cash in a challenging climate - a TXF commodity finance Deal of the Year

Despite Angola and most of Angola LNG’s sponsors being downgraded during negotiation of a five-year $1.79 billion loan, the structured medium term corporate borrowing...

02 May 2017

Is Saudi Arabia’s renewables dream becoming a reality?

Saudi Arabia has finally made its first major step to reach its renewable procurement target of 9.5GW by 2023 as the names of pre-qualified project bidders under Round 1...

02 May 2017

Perfect 10 Eurochem: More for less - a TXF commodity finance Deal of the Year

In September 2016, despite a BB- rating Russo-Swiss agrochemical producer EuroChem closed a tightly priced $800 million pre-export finance (PXF) facility, slicing 50bp...

01 May 2017

Perfect 10 Dongying Fangyuan: A well-placed SAFE bet - a TXF commodity finance Deal of the Year

The largest structured commodity trade finance syndication done by a chinese copper producer to date, Dongying Fangyuan made clever use of China’s SAFE rules to go...

01 May 2017

Old Harbour: Locally grown

Led by domestic banks and with no DFI support, the Old Harbour power project financing in Jamaica is testament to the ingenuity of local lenders.

24 April 2017

A wake-up call: TXF Data Country Risk Review Q2 2017

In the past three months’ terror attacks in France, Britain and Russia have continued to put the world on high alert. Coupled with last year’s election of US President...

20 April 2017

Alba 6: ECA-backed deal adds another piece to the funding puzzle

Alba has secured commitments for an additional $700 million ECA-backed loan to part finance its Line 6 expansion project. The deal complements a $1.5 billion syndicated...

19 April 2017

PwC and Euler Hermes set for split

The joint handling of Germany's guarantee scheme by Euler Hermes and PwC is over. In future, investment guarantees will be managed by PwC, with Euler Hermes taking sole...

18 April 2017

Leading commodity traders: Filling the funding void and maxing the margins

A downturn in global commodity markets and a rise in regulatory pressure has led to greater de-risking by structured trade finance banks. This funding gap is being...

17 April 2017

Shop talk: Breaking PLN's 35GW threshhold

Indonesia's 35GW power procurement plan was always ambitious. But PLN is much closer to delivery in 2019 than many were predicting. Teguh Harsono, senior manager of fund...

12 April 2017

TFF2: Bigger and broader in its remit

The EIB rolled out its Trade Finance Facility 2 (TFF2) Greek SME support mechanism on Monday. TXF caught up with Guido Clary - senior banker, lending operations, South...

07 April 2017

Mafraq I and II: DFI debt and cheap tariffs

Solar developer FRV reached full financial close on DFI-backed financings last month to fund the construction of two of its four solar projects in Mafraq, Jordan. The...

06 April 2017

US Ex-Im in cuffs: Hall says it as it is

In a blunt welcome address on day one of US Ex-Im's annual conference, Charles Hall, acting US Ex-Im chairman and president, outlined the wider global context in which...

06 April 2017

Shop talk: ANZ turns up the Asian pipeline

Despite a sluggish 2016 in which Asian transaction activity was down on 2015, Paul Richards, global head of export finance at ANZ, is optimistic. The bank has already...

04 April 2017

Egypt FiT Round 2: Will it be bankable?

Developers under Egypt’s FiT Round 2 programme are racing to secure international debt for solar power tenders by the end of the April. With revisions to key issues that...

04 April 2017

TXF data update: Export finance volumes double in 2016

Export finance volumes recovered in 2016. The Middle East accounted for a third of the total ECA market, power was the most popular industry for ECA-backed deals, and...

28 March 2017

New OECD ECA regulation: Rising premium alarm

Under recent amendments to the OECD Arrangement on Export Credits, Minimum Premium Rates for cover on transactions involving high income countries were redefined. The...

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