Search results

Show:
Results found: 5028
Gazprom moves Ukraine to advance payment contract
Gazprom moves Ukraine to advance payment contract
Hesham Zakai
16 June 2014

Russia’s state-owned gas company Gazprom has moved Ukraine’s Naftogaz to a prepay arrangement, effective earlier today, meaning the country will only receive gas supplies once it has made upfront payments from now.

Brazil’s Biosev signs major three-year revolver
Brazil’s Biosev signs major three-year revolver
Jonathan Bell
16 June 2014

Brazil’s Biosev, the world's second largest sugarcane processor, with 11 industrial units strategically located in four agro-industrial clusters in Brazil, has closed a major financing facility.

JB's weekly round up - 16 June 2014
JB's weekly round up - 16 June 2014
Jonathan Bell
16 June 2014

TXF will be media partner at next month’s Fin4Ag conference in Nairobi, which looks at ways of revolutionising finance for agri-value chains

Chevron sells Chad oil interests in unique deal
Chevron sells Chad oil interests in unique deal
Jonathan Bell
15 June 2014

Chevron Global Energy, a subsidiary of oil major Chevron, has sold its interest in a producing oil concession in southern Chad and the related export pipeline interests to the Chad government for approximately $1.3 billion. In a unique deal, the sale to the has been organised through trading company Glencore.

Tullow refinances and expands Norwegian exploration loan facility
Tullow refinances and expands Norwegian exploration loan facility
Jonathan Bell
13 June 2014

Tullow Oil has refinanced its NOK2 billion ($330 million) Norwegian exploration revolving credit facility (RCF), and at the same time it has successfully increased the size of the facility to NOK3 billion ($500 million). The maturity date has also been extended, providing availability to the end of 2017 – thus giving a tenor of 3.5 years.

Vitol Asia closes RCF oversubscribed
Vitol Asia closes RCF oversubscribed
Jonathan Bell
11 June 2014

Energy trader Vitol Asia has closed its syndicated one year revolving credit facility (RCF). The facility was oversubscribed and closed at $1.87 billion.

MIGA and OPIC combine for fund for African farmers
MIGA and OPIC combine for fund for African farmers
Jonathan Bell
10 June 2014

The US Overseas Private Investment Corporation (OPIC) and the Multilateral Investment Guarantee Agency (MIGA) have combined to provide a $350 million political risk facility to support agribusiness investments in countries throughout sub-Saharan Africa.

Glencore signs annual mega-RCF
Glencore signs annual mega-RCF
Jonathan Bell
6 June 2014

Commodity trading group Glencore Xstrata (Glencore) has signed its annual revolving credit facilities for a total amount of $15.3 billion.

TXF Amsterdam - Interview with Jean-Francois Lambert
TXF Amsterdam - Interview with Jean-Francois Lambert
Jonathan Bell
6 June 2014

TXF talks to Jean-Francois Lambert, Managing Director, Global Head of Commodity and Structure Finance, HSBC, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Kris van Broekhoven
TXF Amsterdam - Interview with Kris van Broekhoven
Hesham Zakai
6 June 2014

TXF talks to Kris van Broekhoven, Global Head of Commodity Trade Finance at Citi, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Lamon Rutten
TXF Amsterdam - Interview with Lamon Rutten
Helen Castell
6 June 2014

TXF talks to Lamon Rutten, CTA Manager (Policies, Markets and ICTs) at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Peter Broinger
TXF Amsterdam - Interview with Peter Broinger
Hesham Zakai
6 June 2014

TXF talks to Peter Broinger, Deputy Head of Global Natural Resources, Head of Metals and Mining, Raiffeisen Bank International, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Raymond Busuttil
TXF Amsterdam - Interview with Raymond Busuttil
Hesham Zakai
6 June 2014

TXF talks to Raymond Busuttil, Managing Director & CEO, IIG Bank, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Hiren Singharay
TXF Amsterdam - Interview with Hiren Singharay
Jonathan Bell
6 June 2014

TXF talks to Hiren Singharay, Regional Head of Syndications, Europe, Standard Chartered Bank, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Eric Intong Monchu
TXF Amsterdam - Interview with Eric Intong Monchu
Hesham Zakai
6 June 2014

TXF talks to Eric Intong Monchu, Manager (Trade Finance & Branches), African Export-Import Bank, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Arnold Alpert
TXF Amsterdam - Interview with Arnold Alpert
Jonathan Bell
6 June 2014

TXF talks to Arnold Alpert, Director (Deal Origination), Finacity, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Mike Marnell
TXF Amsterdam - Interview with Mike Marnell
Hesham Zakai
6 June 2014

TXF talks to Mike Marnell, SVP and Head of Structured Commodity Finance, FIM Bank, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

TXF Amsterdam - Interview with Rogier Schulpen
TXF Amsterdam - Interview with Rogier Schulpen
Hesham Zakai
6 June 2014

TXF talks to Rogier Schulpen, Global Head, Structured Trade & Commodity Finance, Santander, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.

Gunvor closes Asian RCF oversubscribed
Gunvor closes Asian RCF oversubscribed
Jonathan Bell
5 June 2014

Energy trader Gunvor Singapore has closed its $536.6 million syndicated Asian-related revolving credit facility (RCF), which was considerably oversubscribed having been launched back in April at $350 million (TXF News 28 April 2014).

Sonangol seven-year PXF launches into syndication
Sonangol seven-year PXF launches into syndication
Jonathan Bell
23 May 2014

Mandated lead arranging (MLA) banks have launched a new seven-year pre-export finance (PXF) transaction into senior syndication for Angolan the state-owned oil producer Sonangol (Sociedade Nacional de Combustiveis de Angola).

Gazprom signs historic deal with China
Gazprom signs historic deal with China
Hesham Zakai
23 May 2014

Russia’s Gazprom has signed a 30-year gas contract with the China National Petroleum Corporation (CNPC) that will see more than 1 trillion cubic metres of gas flow through Russia’s eastern route pipeline to China.

Olam seals $2.2 billion RCF
Olam seals $2.2 billion RCF
Hesham Zakai
23 May 2014

Agricultural commodity trading company Olam International has secured a $2.2 billion unsecured revolving credit facility (RCF).

Vitol closes acquisition loan for downstream Shell Australia
Vitol closes acquisition loan for downstream Shell Australia
Jonathan Bell
23 May 2014

Energy trading company Vitol has closed its $2.05 billion loan to fund the acquisition of the downstream businesses of Shell Australia (excluding aviation).

MLAs revealed as Puma Energy closes revolver
MLAs revealed as Puma Energy closes revolver
Jonathan Bell
22 May 2014

Singapore-headquartered, mid and downstream energy company Puma Energy, has successfully closed its $705 million revolving credit facility (RCF) and term loan renewal, heavily oversubscribed.

Ecobank and eleni team to strengthen African agri-financing
Ecobank and eleni team to strengthen African agri-financing
Jonathan Bell
22 May 2014

Pan-African Ecobank has today signed a memorandum with eleni LLC, the leading proponent and developer of commodity exchanges in Africa, with a view to establishing a cooperative framework to promote and accelerate the development of Africa’s agriculture and associated financing.

New consortium wins Ghana Cocobod mandate for annual PXF
New consortium wins Ghana Cocobod mandate for annual PXF
Jonathan Bell
21 May 2014

A new banking group with four German banks on board has won the mandate for this year’s annual pre-export financing (PXF) for the Ghana Cocoa Board (Cocobod).

Nyrstar secures EFIC support for Port Pirie redevelopment
Nyrstar secures EFIC support for Port Pirie redevelopment
Jonathan Bell
19 May 2014

Belgian-incorporated metals and mining company Nyrstar has signed a binding agreement for the final funding and support package for the redevelopment of the Port Pirie zinc smelter into an advanced metals recovery and refining facility with the South Australian government and Australia’s export credit agency EFIC.

National Bank of Fujairah launches STCF product line
National Bank of Fujairah launches STCF product line
Hesham Zakai
19 May 2014

National Bank of Fujairah (NBF) has launched its structured trade commodity financing (STCF) programme, as a means to be a one-stop solution for the cross-border commodity trading requirements of companies across the UAE.

Sahara Energy recruits Trafigura head of finance
Sahara Energy recruits Trafigura head of finance
Hesham Zakai
19 May 2014

Singapore-headquartered Sahara Energy International, the trading arm of Sahara Group, has appointed former Trafigura head of finance Alexander Peters as its new chief financial officer.

ING signs unsecured loan with Norilsk Nickel
ING signs unsecured loan with Norilsk Nickel
Jonathan Bell
14 May 2014

Russian metals and mining company Norilsk Nickel has signed a $200 million unsecured loan with ING Commercial Bank (Russia).

Commodities industry discusses challenges and opportunities ahead at TXF conference
Commodities industry discusses challenges and opportunities ahead at TXF conference
Hesham Zakai
12 May 2014

Commodity producers, traders and financiers gathered in Amsterdam last week for TXF's inaugural Natural Resources & Commodities Finance conference. Held at the Beurs van Berlage, the country's former agri-commodity exchange, the event featured constructive debate on some of the key themes in the industry today, from risk in Russia to the ramifications of regulation.

JB's weekly round-up - 12 May 2014
JB's weekly round-up - 12 May 2014
Jonathan Bell
12 May 2014

As part of our Commodity Finance Series, TXF has released a Natural Resources & Commodities Finance special report.

Digital agricultural clearing house to launch in Jamaica
Digital agricultural clearing house to launch in Jamaica
Helen Castell
9 May 2014

Jamaica’s first digital agricultural clearing house using SMS to Web technology will launch in August, connecting small farmers with buyers.

Musoni to extend mobile agri-finance to Uganda
Musoni to extend mobile agri-finance to Uganda
Helen Castell
8 May 2014

East Africa-focused microfinance platform Musoni will extend to Uganda by year-end, focusing from the start on rural regions and agricultural finance, according to CEO Bart van Eyk.

Promotion for Mackay at StanChart Singapore
Promotion for Mackay at StanChart Singapore
Jonathan Bell
7 May 2014

Scobie Mackay has been promoted to the position of head, commodity traders and agribusiness, trade finance at Standard Chartered (StanChart)in Singapore.

First Quantum closes debt syndication
First Quantum closes debt syndication
Jonathan Bell
6 May 2014

First Quantum Minerals has closed the syndication of its $2.5 billion five-year term loan and revolving facility, which was increased to $3 billion through oversubscription. This is the finalisation of the debt package reported in TXF News 16 April 2014 and 28 January 2014.

Trafigura publishes whitepaper on economics of commodity traders
Trafigura publishes whitepaper on economics of commodity traders
Hesham Zakai
2 May 2014

Commodity trader Trafigura has published a whitepaper analysing the economics of commodity trading firms.

TXF Natural Resources and Commodities Finance Special Report
TXF Natural Resources and Commodities Finance Special Report
Hesham Zakai
2 May 2014

As part of the TXF Commodity Finance Series, TXF is happy to present its May 2014 Natural Resources and Commodities Finance Special Report.

JB's weekly round-up - 02 May 2014
JB's weekly round-up - 02 May 2014
Katy Rose
2 May 2014

Next week TXF will be delighted to host in excess of 150 delegates for our inaugural Natural Resources and Commodities Finance Conference in Amsterdam.

The big rust - an update on the Latin American coffee leaf rust outbreak
The big rust - an update on the Latin American coffee leaf rust outbreak
Gehan Talwatte
1 May 2014

It is now over a year since it became apparent that a major coffee rust outbreak was developing over a wide area of Latin America, ranging from Mexico in the north, to Peru in the south and east as far as the Dominican Republic. Recent workshops and conferences have been reviewing what happened and discussing what to do about it. Here, we try to summarise what is so far understood, concentrating on Central America and Colombia, from where we have the most data.

Russia’s Acron secures bridge loan
Russia’s Acron secures bridge loan
Jonathan Bell
30 April 2014

Russian fertiliser producer Acron Group has arranged a six month $400 million bridge term loan facility via a club of relationship banks.

Tap Oil signs borrowing base facility
Tap Oil signs borrowing base facility
Jonathan Bell
29 April 2014

Perth, Australia headquartered oil exploration company Tap Oil has signed a borrowing base debt facility with BNP Paribas (BNPP) for up to $90 million, primarily to fund development of the Manora oil field in the Gulf of Thailand.

Toughing it out in the aluminium sector
Toughing it out in the aluminium sector
Alexandra Bouriko
29 April 2014

The LME aluminium price has certainly not been encouraging. In this negative climate, what Rusal has managed to achieve through production cuts, how the company is handling its debt ratio and what is planned to further reduce production costs – are some of the issues addressed here by Rusal’s CFO, Alexandra Bouriko.

Banking on sustainability in softs
Banking on sustainability in softs
Jonathan Bell
29 April 2014

Jonathan Bell talks with Andrew Voysey, director, finance sector platforms, University of Cambridge Institute for Sustainability Leadership (CISL), about the Banking Environment Initiative and the drive for sustainability in soft commodity financing and trading.

Vietnam’s VNC secures tailor- made solutions
Vietnam’s VNC secures tailor- made solutions
Jonathan Bell
29 April 2014

Jonathan Bell presents a case study where a Vietnamese commodity trader – VinaCommodities – secured a bespoke cross-border financing solution that allowed the company to address their onshore borrowing needs, working capital cycle and develop their base to expand further.

China moves into fast lane to secure agri-trading assets
China moves into fast lane to secure agri-trading assets
Jonathan Bell
29 April 2014

China has, and continues to be the leading light as the global end-user of raw commodities. It is the key player. Now in the agri sector China is revealing the country’s urgency in securing further control of the trading in agri-commodities. Jonathan Bell examines recent developments.

Refocusing to provide comprehensive coverage
Refocusing to provide comprehensive coverage
Jonathan Bell
29 April 2014

Jonathan Bell talks with the RB International (RBI) global natural resources team heads in Vienna about what the recent reorganisation means for the bank’s operations and clients.

MIT proves consistent enhancement of its collateral management system for commodity banks
MIT proves consistent enhancement of its collateral management system for commodity banks
Jonathan Bell
29 April 2014

Jonathan Bell talks with Paul Cohen Dumani, general manager of MIT, about the company’s highly successful commodity finance collateral management software system for banks – TRAC.

Commodity traders survey
Commodity traders survey
Hesham Zakai
29 April 2014

Hesham Zakai provides an overview of the FImetrix survey on commodity trading companies' views on finance and regulation.

Gunvor Singapore launches Asian RCF
Gunvor Singapore launches Asian RCF
Jonathan Bell
28 April 2014

Trading company Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group - has launched a $350 million syndicated revolving credit facility RCF, which will support new investments and existing operations in the Asia-Pacific.