TXF: Indepth

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 Al Dur 2 Independent Water and Power Project (IWPP) in Bahrain – ACWA Power, Mitsui and Al Moayyed Contracting – are nearing bank mandates for the scheme

The Philippines has approved Phoenix Petroleum's $2bn LNG terminal

Canada has announced its first geothermal power facility

Assala Energy is expected to sign a $500 million reserve-based lending (RBL) facility imminently.

Jeremy Wilson - Vice Chairman, Barclays Corporate Banking - has announced his retirement after 47 years

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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:

Athens International Airport – an SPV comprising Hellenic Republic Asset Development Fund, AviAlliance and AviAlliance Capital –closed a EU665.6 million 15-year project bond on 28 December to finance the extension of Greek airport’s concession for a period of 20 years until 2046

Glencore has lost exclusive rights to major Libyan oil grades

Farmers in top cocoa grower Ivory Coast say the current crop is worsening, with beans starting to rot, as lack of financing prevents them from properly fermenting and drying beans already stressed by bad weather

David Hennah, head of trade and supply chain finance at Finastra, has left the company to move to iGTB

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:

Bankers have been detained in a Mozambique corruption scandal

Anadarko Petroleum, with financial advisory from Societe Generale, has launched a project financing to banks and export credit agencies (ECAs) to fund its $20 billion Mozambique LNG project. Responses are due by the end of February.

IADB has launched a $3.25bn five-year global bond

The top suspect in Vitol, Glencore Brazil bribery case arrested in US

UK-based challenger Countingup is taking on the “old-school” banks by offering invoicing, automated payment matching and expense tracking.

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:

Canadian Solar closes sale of 18MW portfolio to Sonnedix

Cem Erseven has joined COFCO as their new head of EMEA, structured financial markets and will be based in Switzerland – effective 7 January. 

Sponsors of the Rabigh 3 independent power and water project (IWP) in Saudi Arabia – ACWA Power, Saudi Brothers Commercial Company and Sidem – are expected to reach financial close next month on around $550 million of debt to fund the limited recourse scheme.

World Bank President Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post.

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:

Aqaba Development Corporation (ADC), a subsidiary of Manaseer Group, has begun sounding out bank and ECA appetite for the estimated $1 billion Phosphate Fertilizer complex in Jordan

Colombia has set a date for its first renewable energy auction.

Australia's Pilbara Minerals has announced the proposed funding package for the Stage 2 - 5Mtpa expansion of its Pilgangoora lithium-tantalum project.

The UK is launching a traffic-light warning system to spotlight large companies that fail to pay their suppliers on time

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:

Peru has awarded six broadband PPPs

ArcelorMittal’s five-year $5.5 billion revolving credit facility (RCF) pulled commitments from 22 banks in total, a strong performance given shrinking global steel spreads.

OPEC oil output posts biggest drop since 2017

The Qatar National Bank has implemented Infosys' Finacle Payments Hub as part of the bank's digital transformation strategy

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 deadline for bidding for Bulgaria’s Sofia Airport concession has once again been extended, to the beginning of next month

Vinci has bought a 50.01% stake in Gatwick airport for £2.9bn

China is back in the market for US soybeans after taking a holiday break as Washington and Beijing plan more trade discussions

The former bosses of Carillion have been grilled by government investigators 11 months after the construction giant collapsed carrying nearly £7 billion in debt

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:

State-run Bahrain Petroleum Company (Bapco) is expected to reach financial close on a $4 billion ECA-backed loan by the end of this month to finance the expansion of the Sitra oil refinery.

Adelaide airport has taken out a A$50m sustainability-linked loan from ANZ.

Kernel Holdings is set to sign a one-year extension on its existing 2.5-year $100 million pre-export facility dedicated to its grains business.

Afreximbank has signed an agreement with the African Guarantee Fund for a $30 million re-guarantee facility to support African SMEs.

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:

Vinci has secured €1 billion ($1.14 billion) in financing for the privatisation of Belgrade’s Nikola Tesla Airport.

Market rumours have revealed IIG Trade Finance’s fund is having troubles with a number of redemptions. However, it is unclear to what extent the consequences will be, and whether the fund will face liquidation.

Angola’s state-owned oil company Sonangol Finance has agreed a $1bn syndicated receivables purchase agreement facility

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 new US development finance agency International Development Finance Corporation (IDFC) — which could eventually incorporate US Exim — will see the US try to take on the Chinese development banks at their own game

Constructors have been named for the Morandi bridge rebuild in Italy

Commodity trader Noble Group has completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.