Trafigura signs mammoth RCF and expands Japanese financing
In a move that highlights traders’ ability to succeed in volatile markets, Trafigura last week signed a $5.1 billion syndicated revolving credit facility and its largest...
In a move that highlights traders’ ability to succeed in volatile markets, Trafigura last week signed a $5.1 billion syndicated revolving credit facility and its largest...
KazMunaiGas has signed a $3 billion pre-payment facility - a vital win for the Kazakh oil and gas company which was in danger of breaching its existing loan covenants as...
Sierra Rutile is in talks with banks for its first pre-export financing as it plans to restructure its existing debt. However, many banks continue to be wary of lending...
SUEK has secured a $1 billion pre-export finance facility showing Russian commodity producers buoyed by a cheap ruble can still access international financing despite...
Blockchain, or distributed ledger technology, is the word on everybody’s lips in financial circles. TXF’s Helen Reid looks in depth at the technology’s applications to...
China's largest base oil producer secured a prepayment with six international banks, a first in the downstream market there, which indicates a turn towards international...
US shale producers have maxed out their reserve-based loans in a sign of impending bankruptcies, but lenders can expect good recoveries from these, while some frackers...
Banks are in talks with Russian aluminium giant Rusal as it restructures and refinances its debt once more amid depressed aluminium prices and a global glut
In a move which demonstrates the tightening of Russian ties with Chinese financing, Gazprom accessed its biggest ever loan from a private Chinese lender, signing 2...
Kazakhstan’s state-owned KazMunaiGas is closing a $3 billion prepayment deal with commodities trader Vitol for crude shipments, in an effort to increase liquidity in...
Hong Kong-based commodities trader Noble Group is in talks to refinance a $1 billion revolving credit facility. If pricing on the new loan does triple, as reports...
International banks are showing renewed interest in investments in Nigeria’s oil sector, as the new management of state-owned Nigerian National Petroleum Corporation...
Glencore plans to ramp up debt reduction, cutting net debt to $17 billion-$18 billion by the end of this year, as it announced big losses in its annual results. The news...
Energy overtook transport as the biggest single sector for ECA-supported deals in 2015 with $30.9 billion in total volumes, according to TXF Data's 2015 Export Finance...
Chinese development banks lent a total of $29.1 billion to Latin America in 2015 – nearly triple the amount of 2014, and more than the combined lending from the...
Low oil prices prompted BNP Paribas last week to “halt” any new US reserve-based lending (RBL) from its Houston office. Sources state other lenders will continue to offer...
As oil prices reached 12-year lows with wide-ranging consequences for the petroleum industry, Lundin Petroleum (Lundin) sealed the largest-ever reserve-based lending deal...
Despite India’s massive size and forecasts that it could challenge China as the world’s growth engine within a decade, uptake of export credit in the country continues to...
Jonathan Bell, TXF’s Editor in Chief, picks his favourite commodity financing stories from 2015.
In part three of our interview series, TXF’s Helen Castell talks to INOKS Capital chief executive Nabil Marc Abdul-Massih about the importance of regulation and his...
In February the Berne Union and the ICC convened a meeting of export finance practitioners to discuss the future of sustainability in the industry. The key message? A more holisitic approach is required to appropriately balance risk and impact.