TXF Podcast

UK support for Mozambique gas plant fuelling conflict, says Friends of the Earth; BNDES exits Vale with $2bn bonds sale; Ex-civil servant had $8m stake in Greensill

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:

• UK support for Mozambique gas plant fuelling conflict, says Friends of the Earth

• Brazilian development bank BNDES has sold 214 million bond in mining giant Vale for BRL11.5 billion ($2 billion). The bonds carry rights to some properties in the north.

• A former top civil servant who went on to serve as a director of scandal-hit Greensill Capital is facing questions over a string of meetings he held with the head of the Cabinet Office after leaving Whitehall, as a Guardian investigation shows he had a shareholding in Greensill potentially worth $8 million before the lender collapsed

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Aramco signs $12.4bn pipeline deal with EIG-led consortium; Akbnak rolls over syndicated loan marking debut ESG deal; and IsDB finances 56 new trucks as part of Guinea sanitation project

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 finances 56 new trucks as part of Guinea sanitation project

• Aramco signs $12.4bn pipeline deal with EIG-led consortium

• Turkish lender Akbnak has managed to roll over a syndicated loan, which also marks its debut piece of ESG financing. 

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India looks to establish new development bank; JBIC to fund Sojitz's Australia coking coal deals; ICC, TradeFlow Capital Management join forces to enable commodity trade for SMEs

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 Japan Bank for International Cooperation has agreed to loan up to $53 million for Japanese trading house Sojitz's unspecified coking coal projects in Australia

• Law firm HFW has continued to expand its commodities practice with the hire of senior structured trade and commodity finance partner Matthew Cox

• The International Chamber of Commerce and TradeFlow Capital Management are to introduce a partnership to mobilize capital and improve trade finance access for SMEs

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

Bonus feature: 2021: A new dawn for the climate economy

In this bonus feature we bring you the latest episode of the TXF Risky Business Podcast featuring Tom Dunn, Chairman of supply chain finance provider Orbian and Peter McKillop, Founder & Editor-in-chief at Climate & Capital Media.

Tom and Peter joined TXF to discuss the mainstreaming of climate considerations within the investment agenda and political sphere. In this wide ranging discussion they share their extensive insights into the future of the green economy and touch upon the continuing impact of the Covid-19 pandemic, the outlook for the Biden presidency on the global climate agenda and the ramifications of emerging risks such as 'bad actors' and 'greenwashing'.

Supply chains are one of the most important levers for businesses to have a positive impact across a broad Environmental, Social and Governance (ESG) agenda. To find out more about how supply chain finance can help you achieve your corporate sustainability goals, download Orbian's ESG report here: https://orbian.com/research-report/

 

UKEF rules out financing for East African oil pipeline; Canada's First Cobalt to issue shares to Glencore to repay $5.5m debt; GRI invests in SME-focused credit insurance start-up Nimbla

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 ruled out billions of pounds in public finance for oil and gas projects, including a $3.5 billion pipeline in East Africa. 

• Canada’s First Cobalt Corp has entered into a deal with Glencore's unit under which it will repay an existing loan of about $5.5 million by issuing shares

• Greenlight Re Innovations (GRI) has invested in London-based TradeCrediTech (Nimbla), a digital managing general underwriter focusing on the small and medium-sized enterprise credit insurance market

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

EDF suspends $1.5bn hydro project in Myanmar; Gary Nagle to take over as Glencore CEO on 1 July; StanChart unveils new proposition to support sustainable supply chains

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:

• EDF has suspended its $1.5 billion Shweli-3 hydroelectric power project in Myanmar’s Shan State over human rights concerns following  crackdowns by security forces on pro-democracy protesters in the country

• Trader Glencore has confirmed the appointment of Gary Nagle as its new Chief Executive Officer

• Standard Chartered is launching sustainable trade finance solutions across Asia, Africa and the Middle East, Europe and the Americas

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

Italy's SACE 'guaranteed €86m Greensill loan to Gupta steel arm'; Euler Hermes announces key organisational changes; SoftBank seeks $1.2bn in Greensill collapse

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 Italian government guaranteed an €86 million ($102 million) loan from Greensill Bank, part of the collapsed Greensill Capital group, to one of steel magnate Sanjeev Gupta’s firms, according to accounts filed with the Italian corporate registry in recent week

• Trade credit insurer Euler Hermes has unveiled organisational changes to its Transactional Cover Unit and Investment Solutions teams

• SoftBank seeks $1.2bn in Greensill collapse

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Japan’s Sumitomo 'in talks to buy ABN Amro’s commodity loans' ;Hin Leong Trading to be wound up; Whistleblowers sparked probe at trade finance fund Barak

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 Sumitomo Mitsui Financial Group is in talks to buy a portfolio of commodity loans from ABN Amro NV as the Dutch lender exits the industry

• Singapore's High Court has given the green light for the winding up of Hin Leong Trading, marking the end of the road for the collapsed oil trading giant after nearly a year of restructuring

• Barak Fund Management as the firm seeks approval to restructure a $1 billion trade finance fund that’s left investors stuck with hard-to-sell assets

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EKF CEO Kirstine Damkjær to step down; StanChart agrees ECA-supported financing for Ghana road project; Afreximbank agrees $350m term loan facility for OCP Group;

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:

• Singapore-based trade and trade finance fintech group Triterras has signed a letter of intent to acquire Invoice Bazaar

• StanChart has agreed an ECA-supported financing for a Ghana road project

• The African Export-Import Bank (Afreximbank) has signed a seven-year $350 million term loan facility to provide financing to Moroccan phosphate mining and fertilizer company OCP Group

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Barak Fund Management prepares to sell frozen assets; Mercuria gets painted stones instead of $36m of copper; Afreximbank partners with COMESA on $1bn transit guarantee scheme

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:

• Mauritius-based Barak Fund Management is seeking investor approval to move ahead with the sale of its frozen assets in the latest case of implosion at a provider of trade finance 

• Geneva-based Mercuria Energy Group was given painted stones instead of $36 million (£26 million) of copper from a Turkish supplier in a fraudulent deal last summer

• Afreximbank partners with COMESA on $1bn transit guarantee scheme

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