TXF Premium in Depth

Commodity trade

Made to measure: Bespoke financing for US shale producers

With US shale operators in recovery mode after a decimating price war with OPEC, access to credit is slowly developing again and with it alternative financing options to traditional borrowing base or mezzanine debt.

TXF Premium

21 March 2017

Commodity trade

Timing is money: Uralkali plays the waiting game

Amid a growing pipeline of upcoming pre-export finance (PXF) facilities out of Russia, fertiliser producer Uralkali is expected to launch a refinancing in the coming weeks. The borrower is said to be waiting on Acron’s syndication close to make its pitch and set pricing guidance.

TXF Premium

21 March 2017

Commodity trade

Price squeeze: Russian PXF margins tightening

Russian borrowers are pushing for margin tightening on a number of current pre-export refinancings. With bank appetite for Russian investment grade credits on the up, and unsecured borrowing making a return, they are likely to get it.

TXF Premium

16 March 2017

TXF Recommends

Commodity Trade

Rio Tinto charged with fraud by US authorities over African coal assets sale

British-Australian mining giant Rio Tinto and two of its former executives have been charged with fraud in the US amid claims of hiding losses by inflating the value of African coal assets. It bought the Mozambique assets in 2011 for $3.7 billion and sold them a few years later for $50 million. The company said it will "vigorously defend" the charges.

19 October 2017

Commodity Trade

Pressure on Noble Group as Vitol warns oil deal is ‘complicated‘

Vitol's negotiations to buy Hong Kong-headquartered Noble Group's oil trading unit are "very complicated" and may not end in a deal, Vitol warned. The sale of the oil business is crucial to the survival of Noble.

19 October 2017

Commodity Trade

Cocobod in talks with Chexim over $500m loan

Ghana's Cocobod is in talks with Export-Import Bank of China (Chexim) to secure a $500 million loan to overhaul the sector and protect against global price volatility. Bumper crops have sent global cocoa prices plummeting this year.

19 October 2017

Latest from tagmydeals

Commodity Trade Finance

Glencore - Pre-Export Finance

Pre-Export Finance

Trading Company

$ 300m
Jan 2017
8 February 2017

Commodity Trade Finance

23 January 2017

Commodity Trade Finance

Euronav

Revolving credit facility

Oil & Gas - Midstream (Transportation)

$ 410m
Dec 2016
10 January 2017