TXF Data methodology

Our comprehensive data range extends from 1 January 2013 to the present day and information is sourced directly from lenders and ECAs (around 45 major international commercial banks, ECAs and MFI/DFI guarantors).


The universe covered by the league tables is simple – any deal (bond or loan) in any industry that comes with ECA or DFI support in the form of direct loans, guarantees or a mixture of both.


Only deals that have reached financial close (met conditions precedent) or signed are included in the figures.
Only deals with a minimum tenor of 1 year are included in the figures.


The details of every deal included in the tables are cross-checked with the original source by our Data Team. 90% of transactions included in the tables are cross-checked with more than one participant on the deal.


The countries are arranged in the following regions:

Africa: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Cote D'Ivoire (Ivory Coast), Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nauru, Nepal,Pakistan, Seychelles, Sri Lanka

Asia Pacific: Brunei Darussalam, Cambodia, China, Fiji, Hong Kong, Indonesia, Japan, Korea, Korea (North), Laos, Malaysia, Marshall Islands, Mongolia, Myanmar, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Taiwan, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam

Australasia: Australia, New Zealand

Europe: Albania, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, France, Metropolitan, Georgia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Jersey, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovak Republic, Slovenia, Spain, Svalbard and Jan Mayen, Sweden, Switzerland, Turkey, United Kingdom, Vatican City State (Holy See)

Latin America: Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bolivia, Brazil, Caribbean Nations, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, French Guiana, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay, Venezuela, Virgin Islands (British), Virgin Islands (U.S.)

Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen

North America: Bermuda, Canada, Greenland, United States

Russia CIS: Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukraine, Uzbekistan


Allocations are in US dollars. Other currencies are converted to US dollars using the exchange rate from the transaction’s date of financial close (the original currency figures are available on Tagmydeals.com).

Lender league table

The table is based on debt allocations (tickets) of each lender in each deal.
When no allocations are available the debt is split equally between each lender.
When allocations for some lenders are available, those allocations are used and the remainder of the debt is split equally between those banks that do not have allocations.
ECA and DFI direct loans are not included in the debt volume.

MLA league table

The total volume of the debt is split equally among all the MLAs involved in the deal, excluding direct lending tranches. There is also an ECA tranche tab that produces a table of bank debt allocations solely from ECA-covered tranches under the same methodology.


As part of our commitment to conducting business responsibly as well as the markets we work in, in 2018, tagmydeals made the decision to begin tracking sustainable deals. There are already several initiatives in the markets to compile a standardized methodology to classify these, but as they are still work in progress, we have taken ours from the ICMA green and social bond principles and can be recognized by the following:

Although green and social bonds need some certification to qualify as such, at this stage we do not require official certification. We do however need a detailed explanation from the deal participants if it is not evident if the deal qualifies as green or social. We do this by offering market participants an opportunity to verify these deals, which includes a preliminary classification – they simply have to confirm they are happy with the classification or request to change it. The categories we consider eligible for sustainable deals are the same as ICMA uses for the green and social bonds:

Eligible green deals

The eligible Green Project categories, listed in no specific order, include, but are not limited to:

Eligible social deals

Social Project categories include, but are not limited to, providing and/or promoting:

CIRR calculation methodology

We track the daily value of the relevant sovereign bonds on a weekly basis, and calculate the average values of the month. The value is considered as provisional until the month finishes, but it gives some indication of whether the value is likely to go up or down. The new rate will apply from the 15th of the following month, as per the OECD rules.


We welcome any suggestions or questions you have on the scope of the methodology.
Please contact Alfonso Olivas – [email protected] – Head of Data and Analytics.