Search results

Results found: 10399
Crown slips again: Noble trading ability hit by downgrade
Crown slips again: Noble trading ability hit by downgrade
Callum Burroughs
22 May 2017

Downgraded in the middle of major refinancings, Noble is looking at tighter covenants, a higher cost of debt for 2017 and a hit on its ability to trade competitively - but relationship lenders still seem supportive.

Man who helped bury Lehman turns to saving troubled Noble
22 May 2017

Russia's SUEK signs $1bn financing
22 May 2017

Government to strengthen Singapore's status as commodities trading hub
19 May 2017

Mergence buys majority stake in South African commodity finance firm Riparian
18 May 2017

Commodity trading: Second tier squeeze
Commodity trading: Second tier squeeze
Callum Burroughs
18 May 2017

The pure trading model used by many second-tier trading houses is under threat. Squeezed by lack of access to finance and a growing gulf between first- and second-tier trader cost of debt, some smaller pure trading houses are finding it increasingly difficult to compete in a market that is becoming dominated by a few global houses.

MEIF5 buys into Compania Logistica de Hidrocarburos
17 May 2017

ITFC signs $450m Burkina Faso deal to finance commodity imports-exports
17 May 2017

Rusal boosts first-quarter profit to $434m
17 May 2017

Itau Unibanco bullish on beleaguered Petrobras
17 May 2017

W Resources seeking debt for Spanish mining project
17 May 2017

Interest to be paid out on unduly collected EU import duties
16 May 2017

New products and structures needed to combat two-tier trading system
New products and structures needed to combat two-tier trading system
Judith Fagelson
16 May 2017

Innovation is badly needed in trade and commodity finance, according to a survey of delegates at TXF’s global trade and commodity finance gathering in Amsterdam last week.

Olam posts 26.6% rise in Q1 profit
15 May 2017

Nidera signs $500m multicurrency syndicated RCF
12 May 2017

Access to funding still a major factor in commodity finance
12 May 2017

Petrobras: Record operating profit speeds debt reduction
12 May 2017

Latin American oil and gas: A Pemexican standoff?
Latin American oil and gas: A Pemexican standoff?
Oliver Gordon
11 May 2017

Pemex kicked off 2017 with a record-breaking eurobond and the announcement of a halving of losses in 2016. The debt-ridden oil producer has even put in place an innovative supply chain finance programme backed up by Nafinsa and Greensill Capital. But should investors and lenders still exercise extreme caution?

Parkmead acquires full ownership of Farne Extension prospect
11 May 2017

Petrobras looks to sell Texas refinery for $200m
10 May 2017

Noble likely to record net loss of $130m for Q1
10 May 2017

ADM buys controlling interest in Israel's Industries Centers
9 May 2017

Puma Energy refinances $730m RCFs
9 May 2017

Metalloinvest closes new PXF financing
8 May 2017

Acron closes on $750m PXF refi
8 May 2017

Rhodium Resources: An SCF convert
Rhodium Resources: An SCF convert
Helen Castell
8 May 2017

Cheam Hing Lee, CEO and founder of Singapore-based Rhodium Resources, was not a fan of supply chain finance (SCF) until he started his own commodity trading company five years ago. Since then, SCF has helped Rhodium compete with bigger rivals as it builds towards a Hong Kong initial public offering (IPO).

Sow and reap: Glencore secures RCF refi amid agri push
Sow and reap: Glencore secures RCF refi amid agri push
Callum Burroughs
5 May 2017

Glencore has secured refinancing for its RCF as the company continues to impress following its 2015 difficulties. The recent emergence and success of its agri business suggests the trader is set to continue its improved upward curve.

Perfect 10 PDO: How to make a $4bn entrance - a TXF commodity finance Deal of the Year
Perfect 10 PDO: How to make a $4bn entrance - a TXF commodity finance Deal of the Year
Max Thompson
5 May 2017

Petroleum Development Oman (PDO) debuted in the pre-export finance market last year with a $4 billion five-year facility – the biggest financing into Oman to date and the first pre-export loan in the Middle East to be backed by a Ministry of Finance guarantee.

Revealed: Final list of companies attending TXF Amsterdam
Revealed: Final list of companies attending TXF Amsterdam
Hesham Zakai
4 May 2017

The TXF clock is tickin' - which companies have already confirmed their attendance at the hottest trade and commodity finance show of the year?

Oman Oil sounding out revolver refi and Duqm project debt
4 May 2017

Glencore closes $7.34bn loan refinancing
4 May 2017

Trade Wars: How trade is being weaponised
Trade Wars: How trade is being weaponised
Dan Sheriff
4 May 2017

TXF joins the front line with Rebecca Harding co-author of ‘Trade Wars – how trade is being ‘weaponised’ to discuss the theory and narrative behind the book.

Petrobras adding refineries to asset sales in bid to cut debt
4 May 2017

World Bank: Industrial commodity prices to rise
4 May 2017

Mercuria refinancings taking shape
4 May 2017

Perfect 10 Angola LNG: Cash in a challenging climate - a TXF commodity finance Deal of the Year
Perfect 10 Angola LNG: Cash in a challenging climate - a TXF commodity finance Deal of the Year
Max Thompson
4 May 2017

Despite Angola and most of Angola LNG’s sponsors being downgraded during negotiation of a five-year $1.79 billion loan, the structured medium term corporate borrowing closed in April 2016. The deal is one of the largest energy loans into Africa to date and one of the largest in oil and gas in 2016.

Filling the gap? OTC traders look to banks for structured funds
Filling the gap? OTC traders look to banks for structured funds
Callum Burroughs
3 May 2017

Following a move by major commodity financiers away from OTC brokerage in the wake of the financial crisis hedging solutions providers have moved into the space. Amius’ facility could the first of many such structured deals – if banks decide to take an interest.

Bunge profit slumps on weak agribusiness margins
3 May 2017

Perfect 10 Kernel: Sowing seeds for longer tenor debt - a TXF commodity finance Deal of the Year
Perfect 10 Kernel: Sowing seeds for longer tenor debt - a TXF commodity finance Deal of the Year
Callum Burroughs
3 May 2017

Kernel improved pricing on its annual PXF in 2016 but did not find appetite for upping the tenor. Having done the groundwork in 2016, and following a successful five-year bond issue in January 2017, the prospect of a three-year PXF in 2017 looks promising.

Chrysaor syndicates $1.5 billion RBL
2 May 2017

Trafigura signs loan for Spanish mines
2 May 2017

Parsley Energy increases credit facility to $1.4bn
2 May 2017

Perfect 10 Eurochem: More for less - a TXF commodity finance Deal of the Year
Perfect 10 Eurochem: More for less - a TXF commodity finance Deal of the Year
Max Thompson
2 May 2017

In September 2016, despite a BB- rating Russo-Swiss agrochemical producer EuroChem closed a tightly priced $800 million pre-export finance (PXF) facility, slicing 50bp off its cost of PXF debt and setting a new benchmark for similarly rated Russian borrowers in the same sector.

Russian pre-export: Debt costs and covenants lighten
Russian pre-export: Debt costs and covenants lighten
Callum Burroughs
1 May 2017

With the imminent closing of a spate of refinancings, negotiations over pricing and terms on major deals in Russia’s PXF pipeline for H1 2017 appear to be reaching a conclusion. Indications are that pricing benchmarks have fallen and covenants loosened – a debt market backdrop that could yet improve further for borrowers in H2 2017.

INA extends RCF by a year
1 May 2017

Freepoint Commodities upsizes annual revolver
1 May 2017

Nyrstar amends and extends borrowing base
1 May 2017

Perfect 10 Dongying Fangyuan: A well-placed SAFE bet - a TXF commodity finance Deal of the Year
Perfect 10 Dongying Fangyuan: A well-placed SAFE bet - a TXF commodity finance Deal of the Year
Callum Burroughs
1 May 2017

The largest structured commodity trade finance syndication done by a chinese copper producer to date, Dongying Fangyuan made clever use of China’s SAFE rules to go offshore for cheaper debt.

Norilsk Nickel in legal proceedings against Botswana government
28 April 2017

Nyrstar increases structured commodity trade finance facility
28 April 2017