Negotiating a favorable credit facility and improving credit rating quality
Understand your risk positioning to secure the best investment terms
Trading in the energy transition times
Mihai Andreoiu gives his perspective on the recent TXF Geneva conference focused on Commodity Trade Finance and his takeaways related to the overall global trade context and ESG lender focus vis-à-vis the commodity traders in the energy transition times.
“Funding issues companies need to consider in 2023”
In 2022, Didier Philouze, Head of Debt Advisory at Redbridge, and his team raised more than €10 billion of financing. In this interview he looks back at the past year in the debt markets and considers what may be to come in 2023
Global Digitization in the Depository Space
While the last few years have created significant changes in the treasury landscape with a rapid push towards digitalization (e.g. the resurgence of the QR code), the pace of change within the depository environment is better described as a slow and steady march.
Peak Bank Lending? Peak Commodity Trading?
In record time, banks appear to have stepped up and deployed much-needed liquidity to global commodity traders, especially to metal traders affected by unseen circumstances in the LME (London Metal Exchange). For Mihai Andreoiu, Senior Director at Redbridge, the current crisis re-surfaces some older questions, like can commodity traders keep relying mainly on bank (uncommitted) lending?
Reinforcing the Virtuous Nature of ESG Financing
In a position paper reflecting Redbridge’s views on sustainable financing, Muriel Nahmias, Managing Director – Debt Advisory, analyzes the consequences of a foreseeable disappearance of the incentives (bonuses) commonly granted in the context of ESG financing.
Corporate Credit Ratings: The Financial & Strategic Implications
Almost every company has some sort of external rating of its creditworthiness. For larger companies that issue debt in the public markets, this may include ratings by the well-known rating agencies such as S&P Global, Moody’s and Fitch Ratings. Companies are also assigned ratings by their banks, certain credit insurance providers, and third-party credit monitoring services. Let’s take a look at the primary reasons why these ratings matter.
Market update on factoring and reverse factoring solutions in Europe
Due to the recovery of industrial production and international trade, working capital has become one of the main challenges finance departments are facing today. Asset-based financing solutions can facilitate working capital management, diversify sources of financing and optimize the cost of debt. Listen to our November 16, 2021 market update on key players in factoring and reverse factoring businesses in Europe.
From bust to boom, watch your banks!
Mihai Andreoiu assesses the health of the commodity trade finance sector in a boom period and asserts that now is the best time to monetize trust and relationships with resilient banks and new financing partners.
“The human factor counts for a lot in the implementation of a sustainable financing”
Continuing our series of articles dedicated to sustainable finance, Muriel Nahmias, Senior Director – Debt Advisory at Redbridge, talks about some important things to consider in the implementation of a Sustainable Linked Loan.
Improve working capital to emerge stronger from the crisis
As a prelude to the release of a new AFTE technical report on improving working capital requirements, Nicolas Boulay, associate director at Redbridge and a contributor to the report, shares his views on the key ways to optimize working capital requirements. He explains why it’s a matter of responsibilities, organization, data and people.
What your banker is not telling you… but probably should
By Alex Lhéritier – European Head of Coverage at Redbridge. I worked as a banker for close to 20 years and I thought for quite some time there was not much to unveil about banking practices. Yet, I changed my mind this year, after moving into consulting and seeing the banking industry through a different lens.
Working capital survey shows digitalisation of P2P and O2C processes
Ahead of the release of a new technical paper on the optimisation of working capital, Redbridge has conducted a survey to assess whether the COVID-19 crisis has changed the dynamics of working capital within European companies. Between mid-February and mid-March 2021, 35 finance managers from major groups responded to a six-question survey, the results of which we present below.
The PGE has a major role to play in a post-crisis funding structure
In January, French Treasury and the French banks agreed to offer companies that raised a PGE (prêt garanti par l’Etat — French State Guaranteed Loan) an additional one-year deferred amortization. Muriel Nahmias, Senior Director Debt Advisory at Redbridge, provides an update on this grace period and the options for extending PGEs.