The changes that technology will bring to the commodities space are manifold. What can commodity trade finance expect from new technology and, more importantly, is it...

Systemic risk - not yet. But as more of the commodities market becomes concentrated in the hand of a few large traders, are bank exposure limits a workable buffer to an...

Despite being structured during what bankers are calling the project finance equivalent of a perfect storm, the sponsors of Coral FLNG have pulled off Africa's largest...

Attendees at TXF’s Global Borrowers’ Summit in Venice have had their say on the current export and project finance industry, highlighting the changes needed to ensure...

The news that Glencore and Bunge have held informal talks about a ‘possible consensual business combination’ is the latest signal that the pace of consolidation in...

With a major offshore borrowing by Shandong Qingyuan approaching close, and record Chinese crude import volumes, large international syndicated loan debuts by teapots are...

Downgraded in the middle of major refinancings, Noble is looking at tighter covenants, a higher cost of debt for 2017 and a hit on its ability to trade competitively -...

The pure trading model used by many second-tier trading houses is under threat. Squeezed by lack of access to finance and a growing gulf between first- and second-tier...

Uptake of EIF/EIB guarantees to free up bank regulatory capital from SME loan portfolios is growing. And there is nothing synthetic about the impact of synthetics on...

Despite a sovereign downgrade to junk, Bahrain LNG closed an over-subscribed LNG regas project financing backed by availability payments from Bahrain’s National Oil and...

Glencore has secured refinancing for its RCF as the company continues to impress following its 2015 difficulties. The recent emergence and success of its agri business...

Following a move by major commodity financiers away from OTC brokerage in the wake of the financial crisis hedging solutions providers have moved into the space. Amius’...

Kernel improved pricing on its annual PXF in 2016 but did not find appetite for upping the tenor. Having done the groundwork in 2016, and following a successful five-year...

With the imminent closing of a spate of refinancings, negotiations over pricing and terms on major deals in Russia’s PXF pipeline for H1 2017 appear to be reaching a...

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...

Commodity trader Gunvor’s first foray into the US trading market - Gunvor USA raised a $500 million borrowing base loan without any parental guarantees.

Despite junk status at group level, Noble Americas tapped the structured debt market for a $2 billion borrowing base facility in May 2016 – the first large-scale...

Metalloinvest’s pricing push has seen it emerge with a big decrease on the cost of its pre-export debt for 2017. Details will be confirmed at signing – expected this week...

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...

Commodity finance markets in 2016 were a myriad of regional shifts, structuring changes, and price fluctuations. Russia and North America demonstrated a resurgence while...