MUFG has been awarded in a number of categories at the TXF Perfect Commodity Deals of the Year 2019.
The awards recognize commodity finance excellence, giving recognition to the most unique and influential deal carried out over the past year. This year, the awards focused on ESG-tied debt, a growing area worldwide and one which MUFG is deeply involved with.
MUFG won in a number of categories, including:
- Overall Commodities Deal of the Year: Cofco International – MUFG was one of the Mandated Lead Arrangers on this deal, a $2.3 billion sustainability-linked loan which was the largest ever sustainability-linked loan to close in the commodities industry, and the first of its kind to be secured by a Chinese commodity trader.
- Commodity Trading Company Finance Deal of the Year: Bunge Finance Europe – this $1.75 billion RCF was a debut transaction into the sustainability-linked loan market by Bunge. MUFG acted as one of the Bookrunners and Mandated Lead Arrangers.
- Most Innovative Commodities Finance Deal of the Year: Trailstone Renewables GmbH – this transaction was the first of its kind to finance electricity on a single commodity basis, and also the first ever green electricity borrowing base in Europe in accordance with LMA guidelines. MUFG was one of five Mandated Lead Arrangers on this transaction.
- African Commodities Finance Deal of the Year: Ghana Coco Board (Cocobod) – MUFG acted as Bookrunner, Mandated Lead Arranger and documentation agent on this $300 million receivables-backed deal, the first ever syndicated sustainability-linked loan for an African borrower.
Jean-Marie Le Fouest, Head of Commodity and Structured Trade Finance EMEA, commented:
"The many firsts included in these awards recognise that when it comes to commodity finance options, we continue to push the boundaries and provide clients with innovative solutions. We are delighted to be recognised for transactions which focus on ESG and sustainable financing, a key area of focus and leadership for MUFG."