TXF China 2019
TXF China brings an exclusive group of senior structured finance professionals together in Shanghai for a day of collaborative discussion of regional opportunities and productive network building.
The European Bank for Reconstruction and Development (EBRD) is providing a $20 million loan, to partly finance the working capital of Medsofts, a family-owned company based in Egypt, and one of the key agricultural commodity importers and supply chain managers in the country.
Commodity trading company Trafigura Beheer has today announced that Christophe Salmon will become the company’s new chief financial officer (CFO) as of 1 October 2015.
The World Bank group and Swiss index-insurance specialist CelsiusPro have partnered to make agricultural insurance in Ukraine more affordable for smaller companies, expanding farmers’ access to financial services and helping boost agricultural productivity.
Agricultural and food commodity trading company Bunge has become the latest global trading house to move its documentation to full electronic format through an agreement with essDOCS, the electronic trade enabling company.
Hong Kong-headquartered commodity trading company Noble Group has hit back strongly today refuting allegations from a hitherto unknown entity – Iceberg Research - that it had used inappropriate accounting methods to among other things, disguise the correct value of certain assets and overstate the value of long-term commodity contracts.
Sumitomo Mitsui Banking Corporation (SMBC) and the Japan Bank for International Cooperation (JBIC) have teamed to provide loans to a joint venture (JV) company in Turkey to support steel production and sales.
TXF are proud to announce the winners of our Perfect10: Deals of the Year 2014 awards for both export and project finance, and natural resources and commodities finance.
In the third interview of our commodity trader series, Mercuria Energy Trading CFO, Guillaume Vermersch, tells Helen Castell how its deal to buy JPMorgan’s physical commodity books has transformed its business, why the repo structure will survive Qingdao, and how more transparency from traders would help them shape regulations.
UniCredit and the European Bank for Reconstruction and Development (EBRD) have combined to provide a credit facility for Kazakhstan’s Voskhod Chromium.
Sudameris Bank in Paraguay has secured funds from the International Finance Corporation (IFC) to finance exporters in the country’s agribusiness sector.
The Russian economy depends on exports of natural resources and commodities. The Federal Statistics Service reports that these accounted for half a trillion dollars in 2013, or 93% of all export revenues. Oil, gas, and petroleum products fetched $377 billion followed by metals ($55 billion), chemicals ($31 billion), and agricultural products ($16 billion). European banks financed the bulk of these trade flows.
The West African Development Bank (BOAD) has raised XOF115 billion ($196.3 million) to support the 2014-2015 cotton season in Benin. This is the third consecutive year that the development bank is working with commercial banks to arrange the loan for Benin.
The Dubai-headquartered oil and gas services provider National Petroleum Services Group (NPS) has successfully secured a $200 million refinancing arrangement through local and international banks. The deal demonstrates confidence in NPS’s strong track record and will accelerate the expansion of the company’s growing regional footprint.
The continuing energy price crisis, coupled with the depreciation of the rouble and international sanctions, will see Russia emerge as the energy industry’s ‘top loser’ in the next few years, the International Energy Agency’s medium-term oil market report (MTOMR) has found.
Oil and gas exploration and production (E&P) projects in North Africa are not sufficiently attractive enough today to counteract the risks of doing business there, according to Total E&P’s vice president for North Africa Jean-Daniel Blasco.
Italian export credit agency (ECA), SACE, has announced that it will underwrite a bond to be issued by De Cecco, an Italian firm specialised in the production of pasta, extra-virgin olive oil, prepared sauces and tomato derivatives bakery.
Archer Daniels Midland (ADM) has reached an agreement to sell to Glencore a 50% stake in its export terminal in Barcarena, in the northern Brazilian state of Pará.
In the second of our series of exclusive interviews with the world’s top commodity traders, Helen Castell talks to Siva Pillay, managing director at Ocean Partners. Find out why the Qingdao scandal should have been foreseen, how boutiques are rivalling traditional trade banks and what overcrowding is doing to the concentrates market.
Russia’s Gazprom has signed two bilateral loans with Western European banks, overall totalling €740 million ($837 million).
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) has signed a Murabaha agreement with the government of Burkina Faso and SOFITEX (Société Burkinabè des Fibres Textiles), the cotton exporter and importer of agricultural inputs.
The Multilateral Investment Guarantee Agency (MIGA) has agreed to provide support for an investment in a maize and wheat-milling operation in Zambia. The investment will support agricultural value-chain development through improvements
Russian fertiliser producer Acron Group has signed a major syndicated pre-export financing (PXF) arrangement with an international bank group.
Australian-headquartered mining company, Mawson West, with strategic copper assets in the Democratic Republic of Congo (DRC), has secured a new loan and arranged a restructuring package
The metals mining company, GISA Netherlands (GISA), a subsidiary of Gerald Group, has announced the signing of a substantially oversubscribed syndicated revolving credit facility (RCF) with a club of European banks.
The Senegalese agri-sector is set for a boost with new funding announced today by the African Export-Import bank (Afreximbank).
Spanish gas operating company, Enagás, has renewed its multi-currency financing facility which it signed originally in 2013, through a self-arranged deal with a club of international banks.
VTB Bank has announced that it will provide financing for one of Armenia’s largest mining projects – the development of the enrichment plant at the Teghout copper-molybdenum mining facility in the Lori region of the country.
As a result of liquidity improvement measures taken by the company, Russian diamond producer Alrosa has reached two separate new financing agreements with VTB Bank and UniCredit.
Gazprombank is seeking immediate repayment of a major US dollar-denominated loan to Ukrainian fertiliser producer Ostchem Holdings.