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27 September 2016

Eurochem taps PXF as fertilisers weather market conditions

Swiss-headquartered, Russia-focused fertiliser producer Eurochem’s recent PXF sees the potash supplier attempt to restructure its debt and manage liquidity at a time of...

27 September 2016

Drought but no doubt: Cocobod seals PXF with 36% oversubscription

Despite a crop-damaging drought and fears about production levels, the Ghana Cocoa Board (Cocobod) has refinanced its annual PXF in a vastly oversubscribed facility. The...

23 September 2016

UK Polyhalite mine set to expand niche markets

The development of one of the world’s highest producing polyhalite mines in North Yorkshire, backed by commercial bank and Canada’s EDC financing could bring jobs and an...

21 September 2016

Commodity financiers ‘cautious’ of China risks

Following the Financial Times’ Asia commodities summit in Singapore, questions have been asked about the over-supply of particular commodities and high debt levels in...

20 September 2016

Unmet demand for trade finance hit $1.6trn in 2015

The Asian Development Bank’s (ADB) annual Trade Finance Gaps report highlights specific difficulties in developing markets in Asia and Africa amongst a general gap of...

16 September 2016

New OFAC directive provides further damage to international trade with Russia

US and EU sanctions against Russia came into effect in 2014 and two years later their effect has led to an economic slowdown, and limited financing opportunities. The...

16 September 2016

BPO: Renaissance or another false dawn?

After years of discussion and initiatives BPO has struggled to gain real traction in the market due to its slow uptake by corporates and relative complexity. Commerzbank...

13 September 2016
in
Agri/Soft Commodities

Is Cofco set to break open the agri market?

Following the complete purchase of commodities traders Nidera and Noble Agri, Cofco, the Chinese state-backed trading house, could be set to move on a market suffering...

08 September 2016

Blockchain breakthrough? Barclays processes distributed ledger transaction

Trade finance’s first global blockchain transaction has been completed by Barclays and Wave via SWIFT, hinting at an exciting and digital future for banks and corporates....

07 September 2016

SWIFT: Bitcoin not a threat to other currencies

Virtual currency Bitcoin has been deemed more likely to be a speculative investment rather than a medium of exchange according to a new report by SWIFT. The instigator of...

06 September 2016

Global trade financing down 9% after impact of Asia slump

Coalition’s H1 2016 report on corporate and investment banks shows a continued decrease in trade finance volumes globally with Asia-Pacific bearing the brunt of the...

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...

02 September 2016

Glencore re-finances ‘flagship’ borrowing base as lenders retain confidence

Swiss commodity trader Glencore has sealed a refinanced borrowing base with increased pricing following a difficult 12 months for the company. However, lenders have...

01 September 2016

Back in business? Russian CIS producers top borrowers for H1

Russia CIS producers were the highest recipients of bank debt in H1 2016, with a number of big deals for the region. Despite sanctions concerns and a downturn in wider...

26 August 2016
in
Infrastructure, Renewables, Transport, Waste and water

TXF Data Update: Commodity financing down 30% as banks tighten lending procedures

TXF’s commodity finance report for H1 shows that overall commodity financing is down 30% on the same period last year while structured commodity financing has increased...

22 August 2016

Gunvor signs increased RCF

Gunvor has closed an oversubscribed revolving credit facility. The Swiss trader has drawn new banks into the syndicated facility and increased the size of the deal...

18 August 2016
in
Metals and Mining

Ocean Partners lands borrowing base despite ‘tough’ market

Although experiencing problematic market conditions, commodity trader Ocean Partners successfully closed a refinanced revolving credit facility in July, attracting...

17 August 2016

Mercuria seals borrowing base as lenders look to safer structures

Lenders have always been keen to protect their returns but a recent trend towards borrowing base facilities demonstrates a clear preference for stringent security and...

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....