With banks retreating from the midstream diamond financing sector, the cost of debt for diamond traders is spiralling and creating the ideal climate for alternative lenders. TXF talks to Christopher Ellis and Bryan Walker, co-founders of alternative midstream diamond lending start-up Dfin, about the opportunity they see in a high-demand-low-availability debt niche.
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A new commodity trader is set to tap the ECA-backed loan market to diversify their fund mix amid the drive to energy transition. The deal marks a continued increase in the use of ECA debt as an instrument in trading houses’ financial toolkits.
TXF will be hosting the 10th Anniversary of its Global Commodity Finance Conference in Amsterdam on 22-23 May 2024, at the Grand Krasnapolsky Hotel, with our black-tie Industry Awards Dinner on the 21st.