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24 August 2017
in
Renewables

Deutsche Bucht: Cheap debt sunset?

Financing for the Deutsche Bucht project has neared Borkum II’s benchmark low for the cost of German offshore wind debt. Despite being the last deal structured under the...

02 August 2017
in
Power

Making savings: Mali’s first IPP

Mali’s debut independent power project financing, for a greenfield heavy fuel oil-fired power plant, features a blend of Islamic and DFI debt with tight pricing given the...

08 March 2017

Palm off: RI proposes long tenor debt restructuring

Indonesian agri-industrial conglomerate Royal Industries (RI) is asking lenders for another 19 years to repay a five-year working capital loan signed in 2014.

02 September 2016
in
Transport

US Ex-Im strikes back with French lease financing for Sun Express

In a deal that represents US Ex-Im's last approved aircraft guarantee before it shut down last summer, Turkish airline Sun Express closed in June five US Ex-Im-backed...

15 August 2016
in
Oil & gas

Gazprom M&T seals new $400m RCF as lenders sanctions fears ease

Despite sanctions still impacting Russia, the state-owned oil giant Gazprom’s UK-based subsidiary has quelled lender concerns to seal a new commodity financing agreement....

04 July 2016

The good, the bad, and who knows what or where next!

The past month of June has been a busy time for TXF, with two of our landmark conferences – TXF Rome and TXF London – blazing their way into the market and both proving...

16 June 2016

On the certainty of uncertainty

TXF's Connor Lovell speaks to Derek Halpenny, MUFG's European head of global markets research, about the certainty of uncertainty in today's risk landscape including...

08 June 2016

Japanese megabanks swing behind controversial $3.42bn Batang power plant

After four years of delay, the $4 billion Batang power project has been given the green light from Japanese financiers. But the environmental and social cost of...

07 June 2016

In conversation: Zurich’s Dave Anderson

Connor Lovell speaks to Dave Anderson, Zurich’s incoming global head of credit and political risk, about his new role and current political landscape. Anderson is a...

02 June 2016

GIEK takes evasive action as offshore market tanks

The Norwegian ECA is heavily exposed to the offshore oil and gas market and has put and extra $580 million aside to deal with an increase in claims.

01 June 2016

Brazilian government slims down BNDES to aid private lenders

Bloated state development bank BNDES is to be slimmed down by the government in order to boost commercial lenders in the Brazilian infrastructure market.

31 May 2016

Kexim and KDB undercapitalised as Korean shipyards head for the rocks

Facing a liquidity drought, the state-owned lenders to Korea’s embattled shipyards are in need of recapitalisation if they are to support restructuring in the industry....

26 May 2016

Korean shipyards limp on with K-sure-backed $221 million loan to BW LPG

The order for four very large gas carriers from Hyundai Heavy Industries is riding on the coat tails of a decade of expansion for Korea’s shipbuilders. But concerns about...

25 May 2016
in
Infrastructure, Transport

Azerbaijan Railways closes two-year Silk Road deal for 50 freight trains

The $314 million deal is part of a strategy to get a slice of Eurasian trade along the new Silk Road as the country tries to wean itself off a dependence on shrinking oil...

24 May 2016

Commodity financiers find positives in turbulent market

In the week following the roaring success of TXF’s Commodity Finance Conference in Amsterdam, we look at the results of our delegate survey.

20 May 2016

InterOil signs $400m PXF to develop Papua New Guinea gas project

The $400 million refinancing is an unusual bright spot in an otherwise moribund oil and gas market, but with no other comparable deals pricing and structuring was a...

18 May 2016

NEXI doubles up with UK private insurer to provide export reinsurance

The Japanese ECA is expanding its cover in the UK with the Mitsui Sumitomo Insurance Company, its latest partnership with private sector insurers in Europe.

16 May 2016
in
Infrastructure, Transport

Norwegian Cruise Line closes $498m deal for ultra-luxury vessel

Italian shipbuilding continues to boom with last month’s ECA-backed loan for a new vessel from Fincantieri.

12 May 2016

JBIC continues push into private equity with US firm KKR

The Japanese policy bank has previous when it comes to private equity investments in Asia, but now appears to be targeting the US market with increased vigour.

05 May 2016

Uralkali signs $1.2bn pre-export loan

Russian potash producer Uralkali has completed a $1.2 billion pre-export financing with more than a dozen international banks, bucking the trend for Russian commodity...