TXF Podcast

Saudi Aramco to mandate banks for IPO soon, SWIFT hires new relationship developer, and Pure Gold Mining secures finance for Ontario 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:

• Saudi Aramco is expected to give lead roles to JPMorgan, Morgan Stanley and National Commercial Bank for its planned initial public offering

• David Watson has joined SWIFT as strategic relationship director in North America

• Pure Gold Mining, having secured the finance to develop its Madsen Red Lake gold project in Ontario

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EBRD helps Louis Dreyfus railcar logistics business in Ukraine, ADB and India signs $350m loan for highway upgrade, and ITFA launches unfunded master risk participation agreement

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 Asian Development Bank and the government of India have signed a $350 million loan to rehabilitate and upgrade about 850km of state highways and major district roads in Chhattisgarh

• The EBRD helped Louis Dreyfus Company set up railcar logistics business in Ukraine

• The International Trade and Forfaiting Association (ITFA) has launched a new Unfunded Master Risk Participation Agreement (MRPA)

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Papua New Guinea to honour $13bn gas deal signed with Total, Uralkali announces financial performance for H1, and Marco Polo unveils Mastercard as member

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:

• Papua New Guinea has said it will honour a gas deal that Total SA signed with a previous government for a $13 billion plan to expand gas exports, after securing minor concessions from the French company

• Russian potash fertilizer producer and exporter Uralkali has announced its financial results for the six months ended 30 June 2019

• The Marco Polo Network, a trade and working capital finance network, has unveiled Mastercard as its latest member

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Afghanistan issues RRQ for 40MW solar plant, Rio Tinto takes GFG Alliance to arbitration over unpaid smelter payments, and Aramco decides IPO is too risky

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:

• Afghanistan' Ministry Of Energy & Mines has issued a prequalification notice for a 40MW solar PV plant

• Rio Tinto takes GFG Alliance to arbitration over outstanding smelter payments

• The board of Saudi Aramco has determined that listing the state energy giant in New York would carry too many legal risks to make it a realistic option

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Mozambique's TREP project seals funds, Horizonte Minerals signs royalty agreement with ferro-nickel mine, and Demica launches Saudi British's SCF platform

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:

• Funding for the development of the $543 million Temane Regional Electricity Project (TREP) in Mozambique has been secured, the government, Electricidade de Moçambique

• Horizonte Minerals, a nickel company focused in Brazil, has signed a royalty agreement with Orion Mine Finance to provide funding to advance its Araguaia ferro-nickel project.

• Working capital solutions provider Demica has successfully launched Saudi British Bank’s (SABB) supply chain finance platform, enabling the bank to offer payables finance to their clients.

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Louis Dreyfus signs sustainability-linked RCF, World Bank cancel $212m loan to Kenya, and BharatPe raises $50m in Series B funding

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:

• India-based fintech BharatPe has raised $50 million in Series B funding led by US-based Ribbit Capital

• A $212 million loan from the World Bank to the Kenyan Government for road works has been cancelled

• Louis Dreyfus Company (LDC) has renewed its $650 million revolving credit facility in Asia, which incorporates for the first time a sustainability-linked pricing mechanism

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HSBC seals debut blockchain deal via we.trade, Jubilee Metals acquires Zimbabwe zinc mine from Glencore, and Petrobras' refinery privatisation spate lures bids from oil majors

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 successfully completed its first blockchain transaction on we.trade, a digital platform that allows payments between banks and enterprises in Europe,

• Jubilee Metals has completed its acquisition of Sable Zinc Kabwe from Glencore for up to $12 million

• Brazil’s planned privatisation of eight Petrobras refineries has lured several of the world’s largest trading and oil companies as prospective bidders,

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Rock Rail and JII seals rolling stock financing, Bolsonaro looks to privatise Petrobras, and Standard Bank joins Marco Polo

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:

 

• Rock Rail and Japan Infrastructure Initiative (JII) has signed the £400 million rolling stock financing backing a new fleet of intercity Hitachi trains on the East Midlands franchise in the UK

•  The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petrobras before the end of his term in 2022

• Johannesburg-headquartered Standard Bank has joined the Marco Polo Network, which aims to bring efficiencies to trade financing

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Rosneft looks to de-dollarise oil product tenders, Advance Power-led consortium out to banks to refi CCGT plant in US, and EU probes Facebook's Libra digital currency 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:

• Russian oil producer and exporter Rosneft has notified customers that future tender contracts for oil products will be denominated in euros not dollars as early as this year

• Advance Power is out to banks to refinance the outstanding construction debt stapled to the 1.584 billion 1.2GW combined-cycle gas-fired (CCGT) Cricket Valley Energy Center in Dover, New York.

• European Union antitrust regulators are already probing Facebook two-month-old Libra digital currency project

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Venture Global LNG seals Calcasieu Pass LNG project financing, Hastings Technology Metals granted approval for rare earths project in Australia, and Wyelands appoints Turrell to asset finance team

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:

• Venture Global LNG has closed the project financing for the company's Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana

• New South Wales-headquartered Hastings Technology Metals has been granted environmental approval for its Yangibana rare earths project in the Gascoyne region of Western Australia

• Wyelands Bank, set up to help small and medium-sized enterprises, has appointed Mark Turrell to its asset finance team

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