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Trafigura to reopen LNG import terminal in England
15 February 2017

Noble launches new borrowing base ahead of RCF refi
Noble launches new borrowing base ahead of RCF refi
Callum Burroughs
14 February 2017

Beleaguered commodity trader Noble is out to syndication with a new borrowing base facility. The Hong Kong-based company has undertaken asset sales and a rights issue as it looks to regain its investment grade status.

SandRidge Energy announces new $600m credit facility
14 February 2017

Sinochem in talks over stake in Noble Group
14 February 2017

Cocobod to seek smaller loan for 2017/18 purchases
14 February 2017

Acron set for PXF
13 February 2017

Gold developer Lydian arranges credit facility
10 February 2017

 Money melt away: Transmar sparks cocoa debt security concerns
Money melt away: Transmar sparks cocoa debt security concerns
Callum Burroughs
9 February 2017

When agri commodities trader Transmar - a top ten global supplier of cocoa beans - filed for Chapter 11 bankruptcy at the end of 2016 there were fears of an impact on lender appetite for the cocoa market. Despite initial concerns, lenders have not been rattled – at least not on pricing.

Commodity trading arm trips up ADM
9 February 2017

Rio Tinto profits boosted by higher iron ore prices
8 February 2017

Cofco Agri to expand branded edible oils portfolio in India
8 February 2017

Joseph Aidoo is new acting CEO of Cocobod
8 February 2017

Alvean poised to launch debut syndicated credit2
7 February 2017

ED&F Man: Deal launch soon but where's the results?
ED&F Man: Deal launch soon but where's the results?
Callum Burroughs
6 February 2017

Privately-owned London-based commodity trader ED&F Man is set to launch its annual RCF on 10 February. According to a number of bankers the deal is expected to be fairly unchanged from last year, although the borrower’s annual results have yet to be made public.

Diamond in the rough: SUEK launches new PXF to banks
Diamond in the rough: SUEK launches new PXF to banks
Sean Keating
3 February 2017

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 pricing and a new set of bank relationships?

Cocobod senior managers ordered to go on leave
3 February 2017

Shareholders approve Petrobras sale of Liquigas
3 February 2017

MEG Energy closes comprehensive refinancing plan
3 February 2017

Chrysaor buying spree bodes well for reserves-based lenders
Chrysaor buying spree bodes well for reserves-based lenders
Tom Nelthorpe
3 February 2017

Even with low oil prices, North Sea reserves are still changing hands. But sellers and buyers are having to get creative to get banks comfortable and make deals happen.

MET Group breaks collateral bonds
MET Group breaks collateral bonds
Callum Burroughs
2 February 2017

Fast growing multi-commodity trader MET Group has secured tight pricing on its latest RCF and debuted with an unsecured RCF tranche in a bid to break collateral constraints and fuel its ambitious expansion plans.

Rusal debuts in eurobond market to take out PXF debt
Rusal debuts in eurobond market to take out PXF debt
Callum Burroughs
1 February 2017

Pricing of Rusal's debut eurobond is comparable with the cost of PXF debt given rising Libor rates, the longer tenor and the security package - so says Oleg Mukhamedshin, Rusal deputy CEO

Vanguard Natural Resources must prove it can survive in 2017
1 February 2017

Louis Dreyfus reveals successful euro bond launch
1 February 2017

Glencore challenges Trafigura by ramping up Russian oil
1 February 2017

Metalloinvest results reveal record production levels
31 January 2017

ADM sells Crop Risk Services business to Validus
31 January 2017

Louis Dreyfus revives shelved euro bond plans
31 January 2017

Understanding the use of prepayments in commodity finance
Understanding the use of prepayments in commodity finance
Gianluca De Stefano
31 January 2017

For a producer, access to financing can result in the firm’s life or death. Financing comes in different shapes and forms depending on the company’s risk profile. Here, Gianluca De Stefano, energy origination at Noble Americas, examines the development and use of prepayment financing within commodity finance.

Predictions for 2017: TXF’s latest podcast is up
Predictions for 2017: TXF’s latest podcast is up
Lucy Palfreeman
27 January 2017

Come on in, put the kettle on and enjoy TXF’s new podcast where our panel discuss the ‘biggest shift, biggest change’ in trade over the past year, and give their predictions for 2017 to help us feel our way through the mist of uncertainty.

Kernel debuts in bond market
Kernel debuts in bond market
Callum Burroughs
27 January 2017

Ukraine-based sunflower oil producer and exporter Kernel has successfully debuted in the international bond market, a measure of growing lender confidence in the borrower. Next up – a longer tenor refinancing of its 2016 pre-export loan.

UC RUSAL prices $600 million debut Eurobond
27 January 2017

Margin call? Oil traders’ strong performances maintain cheap pricing
Margin call? Oil traders’ strong performances maintain cheap pricing
Callum Burroughs
25 January 2017

The world’s largest traders including Glencore, Trafigura and Gunvor are set to launch their refinancings for revolving credit facilities in the coming weeks having secured competitive pricing on their 2016 iterations. Will 2017 remain a competitive year of debt pricing for commodity traders?

Join TXF in supporting our Charity Partner
Join TXF in supporting our Charity Partner
Lucy Morris
25 January 2017

AbleChildAfrica launches its first Grand Football Raffle - a great way to support TXF’s incredible Partner charity while having fun at the same time. And who knows, you could be a winner!

Mercuria applies blockchain to oil trade with ING, SocGen
25 January 2017

Pacific Drilling reveals credit facilities amendment
25 January 2017

Oman deal flow set to rise – albeit on a staggered basis
Oman deal flow set to rise – albeit on a staggered basis
Max Thompson
24 January 2017

A number of state-owned Omani borrowers are already testing appetite for loans in 2017. But borrowers may have to stagger deal flow to avoid having to compete for lenders and causing an uptick in margins.

Gazprom mulls $6bn asset sales and dividend freeze
24 January 2017

Metinvest restructures debt following Ukraine conflict difficulties
Metinvest restructures debt following Ukraine conflict difficulties
Callum Burroughs
23 January 2017

Despite the conflict in eastern Ukraine and the crash in iron and steel prices, Metinvest has managed to restructure its debt and even lowered pricing on some of its outstanding pre-export loans.

Trafigura launches European RCF refinancing with flat pricing
Trafigura launches European RCF refinancing with flat pricing
Callum Burroughs
20 January 2017

Commodities trader Trafigura has launched the refinancing of part of its flagship 2015 European RCF with a group of international banks. The pricing on offer is said to be around the same as the previous loan, despite a drop in Trafigura’s 2016 profits.

Indonesia confounds mining industry with new export rule
20 January 2017

OCTP: Vitol uses pricing clout for a rare long-term borrowing
OCTP: Vitol uses pricing clout for a rare long-term borrowing
Sean Keating
19 January 2017

A key project for Ghana and a direct lending first for UKEF – Vitol’s OCTP is rumoured to be tightly priced and partially financed under a fixed rate CIRR.

Undermining: Funds making inroads into mid-level mining project debt market
Undermining: Funds making inroads into mid-level mining project debt market
Tom Nelthorpe
18 January 2017

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 market?

Kernel to bring Ukrainian supply in from the cold
18 January 2017

Sofitex raises $224 million for cotton exports
Sofitex raises $224 million for cotton exports
Callum Burroughs
16 January 2017

Sofitex, one of Burkina Faso’s largest cotton exporters, is expected to finalise €90 million ($95.4 million) in financing from international banks for the 2016/2017 season. This is in addition to €122 million ($129 million) raised from domestic banks following a decision to move away from genetically modified crops.

Euronav seals oversubscribed RCF despite tanker industry slump
Euronav seals oversubscribed RCF despite tanker industry slump
Callum Burroughs
13 January 2017

Belgium-based oil tanker company Euronav has secured competitive pricing on its latest revolving credit. The deal was oversubscribed and pulled commitments from 10 banks.

Cofco Agri changes course?
Cofco Agri changes course?
Callum Burroughs
12 January 2017

Following the departure of its grains chief executive, Matt Jansen, Cofco Agri appears to have altered its plans to become a global agricultural trader. The shift could see a greater focus on the Chinese market as the state-owned company looks to rein in control.

Brazil's Petrobras breaks drought in LatAm market
10 January 2017

Tangguh LNG 3: The start of a major new BP gas strategy?
Tangguh LNG 3: The start of a major new BP gas strategy?
Sean Keating
9 January 2017

The Tangguh LNG 3 financing was the major deal in the Asian oil and gas market last year. But more significantly, it marked the return of a global sponsor to expansion mode.

Louis Dreyfus Commodities bolsters European RCF
Louis Dreyfus Commodities bolsters European RCF
Callum Burroughs
9 January 2017

Despite margin pressure in some of its key markets in 2016, Louis Dreyfus has added $200 million to its European RCF – pulling 38 banks into the facility with pricing designed to appeal.

Dreyfus' Biosev considers equity offering to trim debt
9 January 2017