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22 April 2016

MOST INNOVATIVE ECA FINANCE DEAL OF THE YEAR: Peru’s Lima Metro taps ECA and PPP model

In a pioneering $800 million deal to finance Peru’s Lima Metro, the borrowers successfully structured a joint ECA and Public Private Partnership, to be crowned as TXF’s...

21 April 2016

MOST INNOVATIVE TRADE / COMMODITY FINANCE DEAL OF THE YEAR: L1 Energy taps $2.3bn RBL for Dea acquisition

Winning TXF’s Most Innovative Trade / Commodity Finance Deal of the Year 2015 award, L1 Energy’s $2.3 billion seven-year senior

20 April 2016
in
Metals and Mining

BEST COMMODITY WORKING CAPITAL DEAL OF THE YEAR: Trafigura secures world’s largest metals borrowing base

Trafigura showcased traders’ ability to gain in volatile markets, as it secured its flagship $2 billion refined metals borrowing base with 16 banks.

20 April 2016

Olam’s strong profile secures a range of funds from investors

Over the past week, Singapore-headquartered agri-business and trader Olam International has secured a new $650 million revolving credit facility (RCF), a $300 million...

19 April 2016

It’s awards season…

TXF is proud to announce that voting has opened for its annual Best in Class Awards. TXF Awards are exclusive, prestigious accolades given to the institutions that have...

18 April 2016

Is BAML retreating from trade and export finance?

A spate of high profile ECA and trade finance departures from Bank of America Merrill Lynch (BAML) has fuelled speculation that the bank is withdrawing from the business...

15 April 2016

US Treasury pushes for elusive level playing field in ECA-backed financing

The United States Treasury is keen to ensure that export credit agencies (ECA) are playing by the same rules – so much so that they look set to try and apply pressure on...

14 April 2016

ECAs propel cruise-ship market boom

Last week, MSC Cruises signed a letter of intent with STX France for the construction of four LNG-powered ships with France's ECA, Coface, backing the $4.5 billion...

12 April 2016

Engie’s generation sales: end of an era for global IPPs?

European multi-utility Engie announced a swathe of power generation sales on 25 February. The sales cover 13,000 Megawatt (MW) of capacity, as part of what Engie calls...

10 April 2016

'Listen to the customer': A final word with US Ex-Im chairman Fred Hochberg

Fred Hochberg is now officially the longest serving chairman in the history of US Exim Bank. 2016 was his seventh and final annual conference in the role, and TXF caught...

10 April 2016

US and Turkish agencies team up to target African business

TXF was on hand at the signing of a new cofinancing agreement last week, between US Ex-Im Bank and Turk Eximbank, aimed at making exporters more competitive, particularly...

08 April 2016

Lesotho to expand diamond industry amid global downturn in the precious stone

Diamonds may be forever, but they are as vulnerable as the next commodity to a global downturn. Diamond miners had a rough year in 2015, although they still outperformed...

08 April 2016

Satellite financing bounces back with $255m JSAT deal

At the end of last month, JBIC signed a $63.75 million loan agreement with JSAT as part of $255 million facility with three Japanese banks for the financing of the...

07 April 2016

Emotional Hochberg thanks exporters for backing Ex-Im

President and chairman of the Export-Import Bank of the US (Ex-Im) Fred Hochberg was visibly moved as he addressed US exporters today in the opening speech of the Annual...

06 April 2016

MIGA boosts Eskom's CAPEX power plan

At the end of last month, MIGA announced its backing of €698.9 million in loans from two international banks to develop Eskom's power transmission infrastructure in South...

01 April 2016

Exclusive: Sierra Rutile seeks debut PXF

Sierra Rutile is in talks with banks for its first pre-export financing as it plans to restructure its existing debt. However, many banks continue to be wary of lending...

01 April 2016
in
Power

Atomic diplomacy: EXIAR backs $103m loan to fund Indian nuclear plant

EXIAR, Russia’s ECA, has backed a $130m loan to Atomstroyexport to build a nuclear power plant in India. TXF takes a closer look at the state-support behind the...

01 April 2016

ECAs brighten Bangladesh's power plan

Earlier this month, Bangladesh sealed a $2 billion credit line from the Export-Import Bank of India for power development in a deal indicative of an exciting new trend...

31 March 2016

Russian coal titan taps cheap ruble for new PXF

SUEK has secured a $1 billion pre-export finance facility showing Russian commodity producers buoyed by a cheap ruble can still access international financing despite...

30 March 2016

Japanese steel forges ahead with double JBIC deal

The ailing Japanese steel sector — the second largest in the world — has received $405 million in financing, in favour of two overseas subsidiaries, from the Japan Bank...