Commodity Finance

Commodity finance comprises two key products. The first is commodity-linked loans in the agriculture, oil and gas and mining industries where the lender has the future production or reserves of the commodity as security. These types of deal can be reserves-based loans, pre-export facilities, prepayment facilities, or even streaming, royalty-based loans and factoring. The second are very large unsecured term loan and revolving credit facilities provided annually by commercial banks to the major commodity trading houses and producers – Glencore, Gunvor, Trafigura, Vitol, ADM, Bunge and Castleton for example. These loans, effectively working capital facilities, also enable the major traders to provide loans to commodity producers that lack liquidity, thus ensuring security of commodity supplies and additional profits from that lending due to the arbitrage between the cost of debt for the major traders and what they can on-lend at.

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AfDB launches green fund and bank study
14 October 2019

Ferroglobe signs new asset-based RCF
14 October 2019

SALIC and RDIF team up for agri investments
14 October 2019

Channel Capital adds to trade finance investment team
14 October 2019

Nystar shareholders suing Trafigura
14 October 2019

Trafigura financing DRC cobalt project
14 October 2019

Brough steps down from Noble chair
14 October 2019

Sirius signs Woodsmith mine supply deal with Muntajat
11 October 2019

ChemChina to restructure $5.5bn facility
11 October 2019

BP expects divestments worth $10bn by end of year
11 October 2019

Vast Resources to sign diamonds joint venture deal in Zimbabwe
11 October 2019

Oil majors scoop up very-hot blocks in record Brazil auction
11 October 2019

Aramco’s long-delayed mega-IPO is finally set to hit the market
11 October 2019

Evgeny Agureev appointed as Deputy CEO of ALROSA
11 October 2019

Cora's CEO Jon Forster to step down
11 October 2019

Belgium's financial regulator opens probe into Trafigura's Nyrstar
11 October 2019

Iamgold sale stalls as Chinese bidders’ talks fail
10 October 2019

Petrobras, Equinor tie up for natural gas projects
10 October 2019

ITFC signs $1.5bn agreement with the Maldives to boost fuel imports
10 October 2019

Gerald Group signs $300m facility, led by ING
9 October 2019

Amarillo Gold appoints Auramet as Mara Rosa project finance advisor
9 October 2019

Nordgold raises $400m in five-year Eurobond issue
9 October 2019

Louis Dreyfus squeezed for cash as trade war hits profit
9 October 2019

Enel signs €1bn sustainability-linked loan
9 October 2019

China's Zijin tightens grip on Ivanhoe’s DRC copper project
9 October 2019

JFT consortium wins EPC contract for Rovuma LNG project
9 October 2019

Qatar invites big oil to bid for LNG expansion projects
9 October 2019

CSP signs $1.05bn ECA-backed loan for Brazil steel plant
8 October 2019

Senior role changes at Neptune Energy
8 October 2019

China grants rare crude import licenses to Glencore's JV, local firm
8 October 2019

Impala Platinum to buy North American Palladium in $758m deal
8 October 2019

Occidental pays record $13m to ship oil to South Korea
8 October 2019

Vast finalising $13.5m financing facility
8 October 2019

Gold Fields releases inaugural TCFD report
8 October 2019

Kernel: Proving bank appetite for Ukrainian corporate debt
Kernel: Proving bank appetite for Ukrainian corporate debt
Aife Howse
7 October 2019

Kernel signed a tightly priced $390 million PXF last month – a rare example of a Ukrainian corporate taking the structured trade finance route in 2019. And despite the political turmoil developing in Ukraine, the agri trader is out to the international bond/unsecured debt markets for future fundraising plans.

Angola runs international diamond, iron, phosphate mining tender
7 October 2019

Trafigura closes $1.5bn-equivalent facilities
7 October 2019

Stockley joins Fieldfisher as co-head oil and gas
7 October 2019

Louis Dreyfus sees tough 2019 after H1 profits slip
7 October 2019

CNPC pulls out of Iran's South Pars gas field project
7 October 2019

CNPC pulls out of Iran's South Pars gas field project
7 October 2019

GEM signs five-year cobalt hydroxide supply deal with Glencore
7 October 2019

NTEC becomes third-largest coal producer in the US
7 October 2019

ADNOC seeks $5bn in gas pipelines stake sale
4 October 2019

MCC out to banks for debut offshore loan
4 October 2019

ANP approves 13 for next production sharing auction
4 October 2019

Ecuador to quit OPEC in 2020 in search of bigger export revenue
4 October 2019

Strategic Oil & Gas appoints Lancaster as CEO
4 October 2019

Russia's Rosneft seeks euros for all new export deals
4 October 2019

Fitch sees encouraging outlook for Glencore – but there are threats
4 October 2019