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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.

28 April 2017

Perfect 10 Gunvor USA: No parenting required - a TXF commodity finance Deal of the Year

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

26 April 2017

Metalloinvest: The debt that feeds just got cheaper

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...

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...

31 March 2017

TXF data update: Structured commodity finance makes a comeback

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

16 March 2017

Price squeeze: Russian PXF margins tightening

Russian borrowers are pushing for margin tightening on a number of current pre-export refinancings. With bank appetite for Russian investment grade credits on the up, and...

06 March 2017

Mining for ministerial magic at TXF Africa 2017

Hon. Dan Kazungu Muzee, Cabinet Sectary at the Ministry of Mining in Kenya, has been confirmed as a keynote speaker for TXF Africa 2017.

24 February 2017

Woodside signs first EKN loan for subsea developments

Last month energy company Woodside tapped a favourably priced $100 million EKN loan, guaranteed by GIEK and DNB, for the supply of subsea equipment to the offshore...

22 February 2017
in
Oil & gas, Power

Funding tap: GCC margins dip

Two years of tight regional bank liquidity and even tighter government budgets forced many Middle East state-owned borrowers into the ECA-backed and pre-export loan...

15 February 2017

All in the timing: Metalloinvest to launch $1bn PXF

Metalloinvest has followed SUEK back into the PXF market and launched a major new borrowing to international lenders. But with Rusal also rumoured to be looking for a new...

10 February 2017

Ramu 2 hydro winners out to debt market

A Chinese joint venture has won the Ramu 2 hydro project in Papua New Guinea and is in the market for a major project financing.

03 February 2017

Diamond in the rough: SUEK launches new PXF to banks

SUEK is back with a new pre-export loan - only its second since 2014 - and bank interest is looking strong. Will SUEK's renewed popularity produce some movement on...

26 January 2017

Akbank refi out to market - but where will it price?

Akbank is out to market with the first Turkish bank refinancing of 2017. Where the deal prices will not only be a gauge of international bank appetite for Turkey, but the...

24 January 2017

Virgin Voyages: Start-up funding but not as we knew it

Fincantieri ended 2016 with final confirmation of the Virgin Voyages cruise ship order - a deal for a start-up backed by one of Sace's largest single cover cruise ship...

18 January 2017
in
Metals and Mining

Undermining: Funds making inroads into mid-level mining project debt market

Is the fund-backed debt package for Continental’s Buriticá gold mine project symptomatic of a growing alternative to traditional project lenders in the mid-level mining...

17 January 2017

Amandi Energy ends 2016 on financial close

Amandi Energy's $522 million CCGT power plant began construction last month and is expected to increase Ghana's electricity supply by 7% once completed in 2019.

06 January 2017

Sangaredi: High tenor and pitch perfect

DFI loans and a rare untied UFK covered loan have enabled commercial banks to push the tenor on CBG’s Sangaredi mine expansion financing in Guinea.

04 November 2016

CEC Africa: Sierra Leone’s first IPP leans on World Bank support package

A Lebanese developer, the UK’s CDC and the World Bank put together a frontier market independent power project template.

25 October 2016

MHP’s $100m PXF could spark Ukraine agri boom

Despite Ukraine’s turbulent times, the agricultural sector has survived and prospered as the country looks to make business more attractive. A recent PXF could signal...

05 September 2016

Noble continues asset sales amid restructuring pressures

Beleaguered commodity trader Noble Group is continuing its debt restructuring efforts through asset sales and rights issues after a difficult year for the Hong Kong based...