The Shandong Qingyuan US$650 million prepayment facility on which Reed Smith acted as lead adviser has been awarded ‘Asia-Pacific Commodities Finance Deal of the Year’ and was listed as one of the TXF Perfect 10 Deals of the Year at the TXF Amsterdam 2018 industry dinner on 17 May.

The team advised ING as mandated lead arranger in connection with the 3 year structured facility which remains the largest structured commodity financing into the Chinese market to date.

TXF Perfect 10 awards look for the most innovative, market influencing transactions within trade, commodity, ECA/DFI-backed and project financing.