Excellence Awards 2017 - Best Trade Bank in Structured Finance: Deutsche Bank

Awards | 1 August 2017

Structured Finance

Deutsche Bank holds onto its crown as best trade bank in structured finance, fighting off stiff competition from HSBC and BNP Paribas.

Deutsche was involved in a wide range of structured trade finance deals in 2016 (several of which received recognition in the TFR Deals of 2016 awards), taking a variety of roles in trade deals in energy, metals, and mining.

One of the bank’s standout deals from last year, a US$385m syndicated prepayment facility for Chinese copper trader Fangyuan Group (structured alongside ING), was a commercial winner in the TFR Deals of 2016.

John MacNamara, Deutsche Bank’s global head of structured commodity trade finance, credited the bank’s hunger to be the best as the deciding factor in the award. “In structured trade finance, that means quality rather than volume and it’s immensely rewarding to receive such recognition from the market,” MacNamara said.

The Fangyuan deal was oversubscribed by 54% and became the largest structured commodity trade finance syndication a Chinese copper producer had received to date. ING was also a mandated lead arranger and bookrunner and Societe Generale acted as MLA. Eight other banks participated.

Deutsche Bank also took leading roles in the US$3bn pre-export finance facility in favour of Tengizchevroil Finance Company in Khazakhstan, and the Euler Hermes covered US$1.1bn finance package for the Egyptian Electricity Holding Company (see page 31 for further details).

This category is a synthesis of the structured export finance and structured commodity trade finance categories from previous years.

Runners up: HSBC and BNP Paribas (seven banks were nominated).

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