TXF Daily Podcast: Recent Episodes
TXF News
The TXF Daily podcast brings you latest export, trade and commodity finance updates from across the globe. Listen to our 5 minute round-up of the biggest issues and breaking news from your industry
UKEF’s Chief Executive, Tim Reid, discusses origination strategies for UK exporters, practical partnerships, defence, transformation, energy, and Africa amid the ‘neorealism’ of global geopolitics. He also gives a taster of his appearance at TXF Global in Prague in June.
Selim Caydamli, global head of structured trade & commodity finance at Nexent Bank, joins the TXF In-Depth podcast to discuss geopolitical turmoil and the importance of tailored solutions in times of crisis.
TXF speaks to Sullivan & Worcester partner Robert Parson about trade disputes, credit escalation and the flight to size as the crisis in the Gulf continues.
Is the Danish export credit agency punching under its weight? EIFO CEO Peder Lundquist discusses how the ECA is evolving its unique model post-merger, upping its emphasis on critical minerals in Greenland and increasing engagement in Africa, all while keeping its focus on sustainable projects.
TXF spoke to TradeQraft CEO Orhan Gunes to discuss out-of-the-box solutions in trade finance, including the rise of private credit providers and digital finance platforms.
TXF's editorial team sat down to discuss their best articles and insights of the year with few forward looking trends set to emerge in 2026.
TXF spoke with PuiYin Tham, vice president of business development at Marubeni to outline the benefits of taking the ECA funding route and how the Japanese developer’s deal pipeline is shaping up in the APAC region.
In this three part series, Exile Group CEO Dan Sheriff speaks to Gaby Buck, Founder & Managing Director, GKB Ventures and Chris Leeds, Senior Consultant at UKEF, on the ghosts of export finance past, present, and future. In this final instalment, our guests look to the future of export finance.
In this three part series, Exile Group CEO Dan Sheriff speaks to Gaby Buck, Founder & Managing Director, GKB Ventures and Chris Leeds, Senior Consultant at UKEF, on the ghosts of export finance past, present, and future. In today’s episode, our guests discuss what the export finance market looks like today, and how this could impact the industry’s future.
In this three part series, Exile Group CEO Dan Sheriff speaks to Gaby Buck, Founder & Managing Director, GKB Ventures and Chris Leeds, Senior Consultant at UKEF, on the ghosts of export finance past, present, and future. In our first episode, guests reminisce about some of the exciting transactions they were part of in the 1990s, considering how yesterday’s landscape encouraged more innovative deals.
In this week's round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Korea has unveiled a new package of trade finance support measures totalling USD$245 billion in an effort to boost export growth
- JBIC has backed an untied €800 million deal for 5G infrastructure in Germany
- US Exim has approved a $527 million financing for a combined cycle gas turbine plant in Guyana
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In this week's round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- UK Export Finance has confirmed its support for a £9 billion Poland defence exports deal
- Glencore has closed a $300 million credit facility with Saudi Exim
- EIFO and KUKE are backing healthcare facilities in Ivory Coast with a €171 million financing
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Indonesia is set to sign a $1.1 billion SACE-backed loan for defence equipment
- Energy trader Vitol has closed almost $12 billion in financing across a pair of RCFs
- Sri Lanka has restructured around $4 billion in Chexim debt as part of its ongoing talks with bilateral and sovereign creditors
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The TXF Global Commodity Finance and Sustainable Natural Resources event is set to kick off in Amsterdam on 22 May. In this special pre-event podcast, TXF reporter Ralph Ivey speaks to Hugo Brodie, Head of Product Development and Innovation at the London Metal Exchange, about sustainability in the metals business and maintaining an orderly market amid complex geopolitical tensions.
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Ukraine has amended its ECA charter to include military risks as part of a push to re-establish its insurance products
- Louis Dreyfus Company and Olam Agri have each submitted offers to acquire Namoi cotton, the Australian cotton processor
- JBIC, NEXI and the EIB are supporting a €131 million package for a new geothermal power plant located in Germany
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Kexim, K-Sure and JBIC have announced new deals to support critical mineral projects in Argentina and Chile while EDC has expressed interest in Australian rare earths
- Finnvera has closed a $1.5 billion deal that supports exports of Nokia's 5G technology for Reliance Jio in India
- The LME is set to impose new rules to limit profiteering from rent-sharing agreements after the US and the UK announced new sanctions on Russian metal
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- The EU has proposed an amendment to the OECD Arrangement that would effectively ban ECA financing for the fossil fuel value chain
- Trafigura has secured a $560 million financing with JBIC and SMBC that is linked to LNG imports for Japan
- SACE has released its annual numbers for 2023 after a year in which it led the way as the most active ECA in the market
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- JBIC has agreed a pair of buyer credit deals with the Mexican utilities company CFE related to two new combined cycle gas power plants
- Kexim has opened offices in Poland as it looks to build on Korea's emerging economic partnerships in eastern Europe
- Trafigura has pleaded guilty to US charges of bribery in Brazil and will pay $126 million in fines
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- A group of ECAs have provided direct lending services as part of a major $2.5 billion financing for expansion at Chile's Centinela copper mine
- Glencore is considering plans for its coal business as it finalises a deal to acquire assets from Teck Resources
- Norwegian ECA Eksfin has agreed a deal to provide €525 million to Orsted for the UK's Hornsea 3 offshore wind farm
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Olam Food Ingredients has secured a $500 million samurai facility with the backing of the Italian ECA SACE
- Trafigura has closed a total of $5.6 billion through its annual European RCFs with a total of 54 financial institutions
- HSBC is leading the push to secure equity investment and debt facilities for the UK's Sizewell C nuclear plant with the support of UKEF
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Four US banks have decided to quit the Equator Principles, an industry benchmark measuring the environmental impact of project finance
- Siemens Energy has agreed a €4 billion credit as part of its efforts to secure the future of its embattled wind turbine unit, Siemens Gamesa
- Gunvor has pleaded guilty to charges of bribery in the US after a long-running probe into its activities in Ecuador
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- A former Vitol oil trader has been found guilty of corruption by a New York court as part of a US Justice Department probe
- Serbia is in talks with UKEF for support as it considers plans to invest heavily in its energy sector
- Australia has published a new defence exports strategy in a bid to increase its share of the international military industry
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Eutelsat is in discussions with ECAs in India, France and the UK over support for its second generation OneWeb satellites
- Sumitomo Heavy Industries is set to depart the shipbuilding business after more than 125 years of activity
- Polymetal has agreed a $3.69 billion deal to sell its Russian assets to a Siberian gold miner
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Automotive Cells Company has secured a €4.4 billion ECA-backed deal to finance three new gigafactory facilities in Germany, Italy and France
- The Norwegian metals and renewables firm Norsk Hydro has signed a $1 billion multi-currency RCF
- Nick O'Kane, Macquarie Group's head of commodities and global markets, has departed after 28 years at the firm
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- US Exim is set to approve a financing package of more than $100 million for new oil wells in Bahrain
- Zambia has announced plans to trade its own copper in an effort to secure greater value from its mineral wealth
- Bunge has announced record fourth quarter profits but has also warned that margins will tighten over 2024
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The biggest market movers and new appointments in export finance, project finance, commodity finance and trade finance with TXF reporter Ralph Ivey.
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Cerrado Gold has approached banks for ECA-backed financing in relation to three new mine projects in Brazil, Canada and Portugal
- H2 Green Steel has raised €1.5 billion in equity funds to support the construction of its new facility in Boden, Sweden
- Aurubis claims that it has uncovered a large fraud operation around its central copper recycling plant in Hamburg
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Taiwan's Yunlin offshore wind farm has secured extended financing with ECA support that will prevent the collapse of the project
- ACWA Power has reached financial close on a deal for the Kom Ombo solar PV plant in Egypt
- Glencore is facing legal action from asset managers alleging that the trader lied in its share prospectuses
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- The voluntary carbon markets have faced fresh accusations that their offsets are effectively worthless as traders count the cost of stranded credits
- Northvolt has raised $1.2 billion in financing as it plans for expansion into North America
- Polymetal will sell its silver and gold assets in Russia over the coming months as it turns its focus towards Kazakhstan
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- JICA has provided a 203 billion yen deal to support the government of Iraq's efforts to upgrade the Basrah refinery
- ADEX has signed a $500 million deal with Al Dahra to deliver wheat exports to Egypt
- Critical minerals investment firm TechMet has raised $200 million in its latest equity funding round from sources including Mercuria Energy and the DFC
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- The EIB commits $40 million to Acre Impact Capital's new Export Finance Fund, which will invest in the commercial portions on ECA transactions
- Whitehaven Coal fails to secure refinancing for its RCF as banks withdraw from the thermal coal industry
- Bpifrance to launch a new guarantee scheme promoting corporate power purchase agreements for the renewables sector
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- The OECD has introduced a new methodology for the calculation of its CIRRs, the minimum interest rates on fixed-rate export finance
- The Electronic Trade Documents Act will soon receive Royal Assent in the UK
- UKEF has revealed the details of a financing agreement with Premier League football club Wolverhampton Wanderers
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- UKEF has announced a £26 million deal to support the reconstruction of six bridges in Kyiv as part of the Ukraine Recovery Conference
- Eni has agreed a deal valued at $4.9 billion to purchase Neptune Energy Group and its associated oil & gas projects
- Export Development Canada has issued a Letter of Interest to Arafura Rare Earths for its NdPr Nolans project
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Bunge and Glencore-backed Viterra conclude merger deal creating a $34 billion agri-giant
- Eksfin agrees €200 million deal to support carbon capture facilities at Orsted's Danish projects
- EU and Argentina sign framework agreement to boost cooperation on lithium research and climate-friendly infrastructure
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- UKEF has come under fire from environmental groups who say that the ECA's green guarantees facilitate greenwashing
- Glencore has concluded a $1.1 billion sale agreement with Metals Acquisition Corp for the Cobar copper mine
- NioCorp has formally applied to US Exim for support as it continues development on the polymetallic Elk Creek mine
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- US Exim agrees a $900 million direct loan for photovoltaic solar plants in Angola
- The UN is developing a platform with Afreximbank to process deliveries of Russian agricultural products to Africa
- Glencore to invest $1.5 billion in upgrades for its Peruvian Antapaccay mine
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The TXF Global Commodity Finance and Sustainable Natural Resources event is set to kick off in Amsterdam on 23 May. In a special pre-event podcast, TXF reporter Ralph Ivey speaks to Kona Haque, Head of Research at ED&F Man, about volatile trading conditions and the changing face of production in the soft commodities markets.
In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Further details emerge on Scotland's £2 billion Moray West offshore wind farm, including details of ECA support
- BNP Paribas announces plans to end financing for new oil & gas field developments ahead of its annual shareholder meeting
- Sponsors of Kazakhstan's 100MW Shokpar wind project approach development finance institutions to fund the scheme
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Newcrest Mining is set to accept a $19.5 billion takeover proposal from Newmont
- Euler Hermes offers support for Angola's Caculo-Cabaca hydro-electric facility
- Pertamina approaches financial close for $3 billion Balikpapan refinery deal despite rumours that US Exim will withdraw support
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- The Port Arthur LNG project finalises the bank syndication for its first phase
- STX secures €150 million borrowing base with environmental commodities as collateral
- US Exim and DFC mull $4 billion package for small modular reactors in Poland
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In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- The OECD announces landmark reforms to its Arrangement on Export Credits
- Financial close has arrived for the Noirmoutier windfarm project with a €2.2 billion deal supported by JBIC and Bpifrance
- Glencore revises its offer for Teck Resources as CEO Gary Nagle attempts to drum up support
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On this episode we talk about ESG, the purpose of trade and the relationship with aid.
TXF's CEO, Dan Sheriff, is joined by:
Rebecca Harding, Rebeccanomics
Gabriel Buck, GKB Ventures
Chris Mitman, Investec and Acre Impact Capital
In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
- Saudi Aramco has agreed a deal with Chinese partners to build a $12.2 billion oil refinery and petrochemical project in northeast China
- The US and Japan have sealed a trade deal on electric vehicle battery minerals that will strengthen their battery supply chains and grant Japanese automakers wider access to US EV tax credits
- TXF Intelligence takes a look at the data on Credit Suisse and UBS activity in export and commodity finance since 2018
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Where do ECA mandates these days start and finish, in a world where ECAs - since the financial crisis and COVID - have been asked to step up in more ways. How can you keep a rules-based approach, and where do ECAs stop and other institutions, such as development banks and other government departments start?
For this episode on ECA mandates, Dan Sheriff is joined by:
Rebecca Harding, Rebeccanomics
Gabriel Buck, GKB Ventures
Chris Mitman, Investec and Acre Impact Capital
Prior to the banking crisis, our guests discuss geopolitics - an issue that influences the very fabric of export finance. Geopolitics have a massive impact on what governments are up to, what business is able to do and ultimately, what export finance is able to do and how it can potentially either help certain situations.
Guests:
Rebecca Harding, Rebeccanomics
Gabriel Buck, GKB Ventures
Chris Mitman, Investec and Acre Impact Capital
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Indonesian energy firm Pertamina is expected to sign an ECA-backed debt package to finance the expansion of its Balikpapan refinery in Borneo Island this month
- Lotte Group is expected to sign a $2.4 billion ECA-backed deal for a petrochemicals plant in Indonesia later this month
- INEOS Olefins Belgium has closed on the partially ECA-backed debt facilities for its €4 billion Project One greenfield olefins complex in Antwerp.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Sponsors of the 88MW Binh Thuan onshore wind farm in Vietnam — Filipino power producer ACEN (65%) and Vietnam-based BIM Group (35%) — are expected to sign the financing backing the scheme by month-end
- Philippine oil company Petron Corporation, the largest oil refining firm in the country, is testing bank appetite with a $550 million five-year term loan
- There is going to be a major change in the world of supply chain finance (SCF) next year that will bring more transparency to SCF programmes. TXF’s Katharine Morton asks, what do the new FASB standards mean for corporate suppliers and buyers and for investors?
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- The financing of the Ras Laffan petrochemicals project in Qatar is expected to be out to banks later in 2022, according to a source familiar with the matter.
- The target for signing the project financing of the NEOM Green Hydrogen Project in Saudi Arabia is the end of 2022, according to sources familiar with the matter
- The $800 million loan underwritten and arranged for commodity trader Trafigura by Societe Generale (SG) which has been guaranteed by the government of Germany acting through its export credit agency (ECA) Euler Hermes under its untied loan programme – is believed to be the largest untied ECA-backed loan to a single commodity trading company to date
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- The financings backing the procurement of three FPSOs – with backing from K-SURE and Kexim – are targeted to reach financial close early next year
- State-owned Ghana Cocoa Board (Cocobod) is in the market to refinance its annual Pre-Export Finance (PXF) facility in an otherwise muted Central and Eastern Europe Middle East and Africa (CEEMEA) syndicated loan market
- Australia-based Lake Resources is expected to close a roughly $600-800 million ECA-backed limited-recourse debt package to finance the construction of its flagship Kachi lithium project in Argentina in Q3 2023.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- KfW IPEX-Bank, together with Swedish Export Credit Corporation, has agreed ECA-backed financing for the construction of 1,000 drinking water boreholes with solar pumps in the Ivory Coast
- Argentina's Pampa Energia (Caa3/CCC+/B-) has extended over 80% of its next major international bond maturity after its decision to improve the terms of an exchange offer was enough to lure bondholders into participating
- Further details have emerged in relation to the $350 million financing for North American headquartered precious metals merchant Auramet Trading and Auramet International. The facility, led by ING Capital, has a one-year tenor and is structured as a revolving credit facility, details not previously released.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- KfW IPEX-Bank, together with Swedish Export Credit Corporation, has agreed ECA-backed financing for the construction of 1,000 drinking water boreholes with solar pumps in the Ivory Coast
- Argentina's Pampa Energia (Caa3/CCC+/B-) has extended over 80% of its next major international bond maturity after its decision to improve the terms of an exchange offer was enough to lure bondholders into participating
- Further details have emerged in relation to the $350 million financing for North American headquartered precious metals merchant Auramet Trading and Auramet International. The facility, led by ING Capital, has a one-year tenor and is structured as a revolving credit facility, details not previously released.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- KfW IPEX-Bank, together with Swedish Export Credit Corporation, has agreed ECA-backed financing for the construction of 1,000 drinking water boreholes with solar pumps in the Ivory Coast
- Argentina's Pampa Energia (Caa3/CCC+/B-) has extended over 80% of its next major international bond maturity after its decision to improve the terms of an exchange offer was enough to lure bondholders into participating
- Further details have emerged in relation to the $350 million financing for North American headquartered precious metals merchant Auramet Trading and Auramet International. The facility, led by ING Capital, has a one-year tenor and is structured as a revolving credit facility, details not previously released.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- The Indian government’s export credit provider - Export Credit Guarantee Corporation (ECGC) - has introduced a new enhanced insurance scheme to cover up to 90% of export credit risk for small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment scheme
- The world's largest energy traders, independents and majors, are poised to post record earnings for the first six months of the year due to volatility in markets caused by the Ukraine war and despite LNG supply problems, sources with the companies said
- Thiess looks like gaining further market share in the key hard-rock mining market of Western Australia after having a bid accepted for fellow mining contractor MACA
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- The UK has signed its first state-level trade and economic development MoU with Indiana in the US
- The National Bank for Financing Infrastructure and Development, one of the key initiatives of the Indian government to fund long-term infrastructure projects, is set to commence operations in the second quarter of this fiscal year.
- Australia's Grow Finance has appointed David Keeling to the newly created position of senior partner within the structured finance and payments division.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- IFC is making a $10 million investment in the form of preferred equity in Vatia, a Colombian electricity retailer and aggregator, to improve access to cleaner energy, contributing to the country's climate commitments
- Saudi Arabia will extend an oil loan to Pakistan and is considering rolling over dollar deposits as the South Asian nation looks to rein in one of Asia’s highest inflation rates and stave off a current-account crisis
- Singapore-based fintech firm #dltedgers has released #dltledgers 2.0, an update to the expanded supply chain and digitization platform using blockchain technology.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- A top Credit Suisse Group investor is supporting a proposal for a special audit over the collapse of a group of supply chain finance funds the bank ran with now-defunct Greensill Capital
- IFC has signed an agreement to support Uzbekistan as it develops a series of utility-scale wind farms, helping the country transition towards clean energy and meet a growing demand for electricity
- UK Export Finance has appointed Tim Reid to lead its Business Group
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- EBRD is supporting Turkey’s transition to an environmentally sustainable, low-carbon and climate-resilient economy through new Green Economy Financing Facility in the country
- Glencore, the world's largest cobalt producer, is unable to fulfill contractual deliveries of cobalt hydroxide out of the Democratic Republic of Congo after severe flooding in South Africa hit warehoused goods and impacted logistics
- The World Bank is preparing a $170 billion package of financial help in response to the overlapping global crises of war, pandemic and inflation that are hitting the poorest countries particularly hard, its president has said
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- The UK Government has released a policy paper that sets out its strategy for greater energy independence
- Singapore-based Wilmar International has signed a three-year $100 million sustainability-linked loan with the Bank of East Asia
- Rio Tinto received an alumina shipment from Russia's Rusal in late March, weeks after saying it was severing ties with Russian businesses over Moscow's invasion of Ukraine, an analysis of shipping data showed.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said, adding it did not plan to pay out on the policies and would "vigorously defend" itself against any legal claims
- US President Joe Biden has announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump.
- The Export-Import Bank of Korea has put on hold its decision to provide financial support for the Australian Barossa-Caldita gas field project
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Euler Hermes has changed its name to Allianz Trade
- The ECOWAS Bank for Investment and Development has signed a $100 million commercial credit line with India Exim Bank
- The AfDB is aiming to raise $1 billion to rapidly ramp up agricultural production in Africa and stave off a potential food crisis brought on by Russia
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- IsDB has signed three financing agreements, valued at $180 million, with the Government of Pakistan to support its green agenda
- Germany has agreed a contract with Qatar for the supply of liquefied natural gas that will help the country wean itself off its dependency on Russian energy;
- Saudi Arabia's state oil company Aramco, under pressure from the West to boost output amid soaring prices
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Saudi Arabia is lining up tenders for 15GW of renewable energy projects according to the Kingdom's Energy Minister Prince Abdul Aziz bin Salman
- BP and Eni have signed an agreement to form a new 50/50 independent company in Angola through the combination of the two companies’ Angolan businesses.
- Basil Louvrais is joining Swiss Re Corporate Solutions as trade finance North America Geographic lead
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Shell bought a cargo of Russian crude oil from Swiss trader Trafigura in S&P Global Platts window loading from Baltic ports at a record low of dated Brent minus $28.50 a barrel
- JBIC is investing up to €100 million (about $108.7 million) in Clean H2 Infra Fund of France, which is targeting €1.5 billion
- Trade credit insurers are pulling back from covering businesses exporting to Ukraine and Russia following Moscow's invasion, given the risks of sanctions, high claims or missed payments, industry sources say
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- The EBRD is just waiting on approval from its governors to suspend indefinitely Russia and Belarus’ access to EBRD finance and expertise
- A natural gas pipeline called GIPL will open on 1 May, ahead of its initially anticipated mid-2022 start, linking the Polish grid with a route to an LNG terminal in Lithuania
- SACE, HSBC and Archirodon have signed an agreement for a $50 million untied three year credit line with a link to sustainability
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Global trade in LNG increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to Shell’s latest annual LNG Outlook.
- SC Ventures, Standard Chartered’s innovation, fintech investment, and ventures arm, has launched Trade and Supply Chain Connect (TASConnect)
- A new report by the United Nations Conference on Trade and Development has revealed that global trade reached a record high in 2021, about $28.5 trillion, an increase of almost 13% relative to pre-Covid pandemic levels.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- ACWA Power and Saudi Export-Import Bank (Saudi EXIM) have signed a MoU with the objective of facilitating and growing Saudi exports and overseas investments by Saudi institutions and organisations
- Pure Gold Mining has secured C$25 million ($19.64 million) equity financing which will fund the ramp up of Red Lake in Ontario and announced its largest shareholder, AngloGold Ashanti, plans to increase its ownership to 19.9%
- British Arab Commercial Bank has appointed Isabella Pateman as its new Chief Risk Officer, pending regulatory approval
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Japan's JGC and Norway's Aker Solutions will conduct the front-end engineering design and project documentation for Russia's Yakutsk LNG project
- Olam International subsidiary Olam Americas has priced a $275 million issuance of five and seven-year fixed rate notes via a private placement
- IFC, LeapFrog Investments, and DEG have invested $165 million in convertible Tier 2 bonds issued by Vietnam's HDBank.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Kexim to finance $150m to Trafigura for stable base metal supply
- Quartix raises $20m funding
- AstroPay launches new SME payment capability in Brazil
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- HSBC has completed its first sustainability-linked trade finance transaction in Hong Kong
- The European Investment Bank is providing €600 million (about $679 million) for the Cairo Metro Line 3 phase 3 Project.
- The African Export-Import Bank has concluded a new three-year Syndicated Term Loan Facility, raising $1.2 billion;
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources said
- India's Tata Steel has executed a blockchain enabled paperless export order with a metals major in Bangladesh
- The second Intra-African Trade Fair (IATF 2021) generated a record setting $42.1 billion in trade and trade-related investment deals
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources said
- India's Tata Steel has executed a blockchain enabled paperless export order with a metals major in Bangladesh
- The second Intra-African Trade Fair (IATF 2021) generated a record setting $42.1 billion in trade and trade-related investment deals
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Pakistan has sought the Chinese government's intervention to persuade China Export and Credit Insurance Corporation (Sinosure) to clear about $13bn of cover to energy and infrastructure projects.
- Brazilian miner Vale - through Fundo Vale - has joined the Living Forest Initiative, a project unveiled by development bank BNDES at COP26 in Glasgow
- The African Development Bank has approved a grant of $40 million from the African Development Fund to Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- British Airways has agreed to a five-year committed credit facility worth £1 billion with UK Export Finance and a syndicate of banks
- The Japan Bank for International Cooperation has announced that it will stop financing new unabated coal power projects by the end of this year to to align with an agreement made by the Group of Seven nations earlier this year.
- Etihad Credit Insurance, the UAE’s federal export credit agency, has signed an agreement with First Abu Dhabi Bank and Crediti Fintech to help boost funding for UAE exporters.
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- Trafigura Group Pte has closed its new Syndicated Revolving Credit Facility and Term Loan Facilities at $2.4 billion-equivalent
- The G7 nations have agreed on principles to govern cross-border data use and digital trade
- Finacity and DZ Bank have launched a $150 million trade receivables securitization for Connecticut-based Nitron Group
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
- US President Joe Biden has nominated Parisa Salehi for Inspector General of the Export-Import Bank of the United States
- Asia liquefied natural gas spot prices surged by 40% to a record high of over $56 per million British thermal units on Wednesday, amid a global energy crunch, low gas inventories and mounting supply concerns
- Zurich has ceased its short-term Credit & Political Risk (CPRI) insurance offering with immediate effect, according to sources
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