TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
South Korea's ECA, Kexim, posted a net loss of $838.6 million for the first half of the year after bad debt provisions surged due to over exposure to struggling shipbuilders. However, one market source claims Kexim's losses are "not as bad as they seem".
Tom Nelthorpe discusses whether China, Russia and Mongolia can work with a small coal mine developer to make a greenfield rail project a reality.
At the end of last month, Finnvera and NIB signed a $225 million facility that will be onlent to a eucalyptus pulp mill project in Brazil. The deal represents the first time Finnvera has tapped an ‘alternative’ form of finance with NIB in order to leverage the credit risk of doing business in a country struggling to revive its economy.
Due to the political and economic uncertainty surrounding Pakistan, international financing has been hard to come by for the South Asian country. Nonetheless,in July Warid Telecom, a Pakistani mobile operator, closed a $249.76 million EKN-backed loan – the third largest ECA deal in the country – for the purchase of Ericsson telecoms equipment.
Japan's latest pledge to commit $30 billion in public and private support for infrastructure development in Africa is a "politically motivated" move to ensure the Asian giant has "a seat at the Security Council in the United Nations by 2023", according to one market observer.
A Texan bankruptcy court is now examining a restructuring plan for the SH130 toll road, which has become a fascinating case study into the dangers of using Public-Private Partnership (PPP) to build new toll roads.
In a deal that represents US Ex-Im's last approved aircraft guarantee before it shut down last summer, Turkish airline Sun Express closed in June five US Ex-Im-backed loans totalling $168 million, which were structured as French leases, for the acquisition of five Boeing 737-800 aircraft.
Export credit agencies, development banks, and multilaterals are becoming crucial sources of financing behind the growth of renewable energy projects in both developed and emerging countries. Georges Ramano, Latin America regional head of export and agency finance, treasury and trade solutions at Citi, tells TXF why these financial institutions are becoming highly attractive in bringing these projects to fruition and fuelling a sustainable green future.
Power is the export finance’s largest sector in H1 of 2016, accounting for 44.1% of the market, with significant growth in both coal-fired and conventional power.
Summer in the northern hemisphere is usually a slow period for export credit agency (ECA) and DFI-backed financing, but this year I can’t help noticing that it is one of the slowest yet. Still – let’s face it, much of the financing world, particularly in Europe, seem to be on nice long holidays. And, of course – it is an Olympics year after all.