Excellence Awards 2017 - Best Trade Bank in Metals and Mining: ING

Awards | 1 August 2017

Metals and Mining

ING has reclaimed the award it lost to BNP Paribas in 2016, having been awarded Best Trade Bank in Metals and Mining for four consecutive years prior to that.

A mainstay of the metals and mining sector, ING demonstrated its know-how in China and Russia with a range of notable deals, two of which received recognition in the TFR Deals of 2016 awards.

ING acted as co-mandated lead arranger in a US$700m syndicated term loan facility for aluminium producer, China Hongqiao Group, and took up the same role in a US$385m pre-payment facility for Chinese copper producer Fangyuan Group (a winner in the TFR Deals of 2016 awards).

ING also acted as mandated lead arranger in a US$350m pre-export finance for Russian ultra-high grade anthracite producer, Siberian Anthracite, which was another deal to be awarded in the TFR Deals of 2016 awards.

"We focus on sector knowledge, strategic advice and market intelligence that allow us to consistently act as coordinator of financing transactions in our main markets - Russia and China," said Julia Chekrygina, head of metals, structured metals and energy finance.

"To further build on that, we are expanding our LatAm franchise outside of Brazil and our Asian presence into Australia, Indonesia and Southeast Asia."

Runners up: Deutsche Bank and HSBC (Seven banks were nominated).

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