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22 June 2016

How would Brexit affect UK trade?

As millions of UK citizens queued up at polling stations the length and breadth of the country, Ollie Gordon talked to trade economists, business associations, and...

17 June 2016

Trading more than insults: how would Brexit impact trade finance?

All the British EU referendum seems to have been good for so far is trading insults - as emotions run high in the last few days before the historic 23 June vote, and...

14 June 2016

Mercuria closes $2.2bn RCF, but takes less than last year

Mercuria Energy Trading has closed its $2.2 billion multi-currency revolving credit facilities. In a sign of the times of banks’ appetite for strong commodity trading...

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....

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.

11 May 2016
in
Oil & gas

Puma Energy attracts new banks to $800 million RCF

Puma Energy, the international oil company, has closed a new revolving credit facility and extended previous facilities, showing it retains the confidence of lenders in a...

09 May 2016

Export credits: Private insurers step out of the shadows

With their huge capacity and state backing, ECAs for many years dominated the market for absorbing risk on longer-dated export credits. That’s changed, say private...

02 May 2016

“The end of an era”: Bernard Zonneveld to leave ING for pastures new

Bernard Zonneveld, global head of structured metals and energy finance, is leaving ING Bank after a 22-year career building the bank’s commodities finance operation.

27 April 2016
in
Oil & gas

BEST ENERGY FINANCE DEAL OF THE YEAR: Gazprom Marketing & Trading secures RCF and looks East in difficult sanctions context

Gazprom Marketing & Trading the trading arm of Russian gas producer Gazprom, broke new ground in its expanded $500 million RCF, with a debut Asian tranche indicating the...

20 April 2016

Former Berne Union president takes leading role at XL Catlin

Daniel Riordan has been appointed as president, XL Catlin Global Political Risk and Trade Credit. This represents a significant move from the private insurance...

14 April 2016

Opinion: Export finance sector needs to wake up to potential impact of Basel IV

Basel regulators look to introduce new rules and export finance bankers will need to brace for further capital allocation on sovereign risks. Torsten Richter looks at the...

07 April 2016

Back-to-basics finance in Africa and beyond

On the sidelines of the recent TXF Africa 2016 conference in Addis Ababa, Ollie Gordon spoke to HE Khaled Mohammed Al-Aboodi, CEO of the IsDB’s Islamic Corporation for...

05 April 2016

Germany courts India with ultra-cheap loan for Nagpur metro

KfW has signed a €500 million loan to part-finance the construction of the Nagpur Metro. The facility is the biggest promotional loan issued by the bank in a decade and...

04 March 2016

Will international lenders embrace Ghana’s new ECA?

Ghana has approved its new Export-Import Bank after months of political wrangling. But will export financiers be prepared to engage with Africa’s latest export credit...

29 February 2016

Lenders beware: capital controls are making a comeback

Export, commodity and project finance lenders face an increased risk of non-repayment as more emerging market countries turn to capital controls to protect their...

24 February 2016

TXF Export Finance Report: ECA deal volumes drop by 29%

The global volume of export credit agency (ECA) deals has fallen by nearly a third compared to 2014, according to TXF Data's 2015 Export Finance Report.

19 February 2016

A fishy business: global trade’s unreported $2 trillion

Equant Analytics has calculated that global trade is $2.1 trillion higher than the World Trade Organisation's (WTO) official figures. TXF speaks with Equant's co-founders...

17 February 2016

‘Disappointing’ trade figures cast doubt on UK export strategy

Despite offering new products and services to exporters, the British government is struggling to combat the country’s record £125 billion trade gap.

11 February 2016

20 years in the making: factoring’s long-awaited union

At the beginning of the 2016, Factors Chain International (FCI) and International Factors Group (IFG) merged to form the world’s largest factoring network. The...

21 January 2016

RCC taps Germany’s shipping CIRR for $1.54bn ECA deal

Germany is one of the world's top five shipbuilders, and in recent years Angela Merkel’s government has been looking at a number of ways to push the nation up that table.