-
The financing for the SULB steel project closed with a hybrid corporate debt structure that maximised ECA and lender comfort. It did so despite heightened Bahrain risk perceptions.
-
The financing for Macquarie and Skanska's Elizabeth River Crossings asked lenders to take on traffic risk on a tunnel construction PPP.
-
The bond financing for the upgrade of Paita port was structured around a combination of demand and construction risk.
-
Eiffarie’s sponsors closed the refinancing for the APRR toll road network as a mixture of holdco and opco debt in February. The deal is likely to be one of the largest of its kind to close this year.
-
Bouygues closed the financing for the new Paris courthouse with a foreigner-heavy bank group. It now needs to persuade the city’s lawyers to use the building.
-
The Marena wind plant attracted an impressive group of commercial and development banks and is the largest single-phase wind project in Latin America. But it is likely to be the last large wind deal for Mexico in the foreseeable future.
-
MidAmerican Energy closed an uncovered bond financing for its Topaz solar project, after failing to meet the DoE’s deadline for financial close. Will sponsors without its deep pockets be able to follow its example?
-
Malakoff’s RM6.7 billion financing for the Tanjung Bin coal-fired plant was a rare chance for foreign lenders to participate in a Malaysian project deal. Wider use of competitive bidding may make their involvement more common.
-
The Dolphin Energy sponsors put off a promised bond refinancing while they waited for the right window to open. This patient strategy has paid off.
-
The PPP financing for the Pan and Parapan American Games athletes village incorporated real estate risk. Equity will hope that the Toronto residential market stays strong.
-
The financing for the R4 Ghent road PPP financing was bid with a hard miniperm structure to keep costs down. As debt markets contract, sponsors may have no other option.
-
The Sleaford biomass financed ended a drought in UK biomass deals. Government incentives look set to maintain deal flow, but not produce a hoped-for boom.
-
Finland’s E18 Koskenkylä–Kotka drew on the experience of earlier PPP roads in the country to become the largest and fastest financing in the sector to date.
-
AES Sonel’s Kribi financing is one of the largest independent power projects to close in Sub-Saharan Africa in recent years.
-
Tramlink Nottingham won the NET2 concession on pricing. But the cost of debt might have been cheaper.
-
ACWA Power’s ability to win an independent power project in Saudi Arabia – its own back yard – is undisputed, but in winning its latest 3,927MW project, the largest IPP in the world, the ACWA Power-led consortium beat its rivals by a considerable distance.
-
MbAC’s financing for an integrated mine and production facility drew on elements of both agricultural and mining financing practices.
-
Embraport is the second-largest – and most complex – port financing to close in Latin America this year. It uses an increasingly popular A/B loan structure.
-
The recently closed $1.184 billion dual-currency project financing of Electric Power Development Company's (J-Power) 1600MW Nong Saeng CCGT project in Thailand has set a new tenor benchmark for the region - 23 year debt with no sponsor guarantee and for an IPP in a market where the highly competitive bidding process has put downward pressure on PPA tariffs.
-
Despite perceived illiquidity in the international bank market, Qatar Petroleum (QP) and ExxonMobil, along with financial advisor Royal Bank of Scotland, have reached financial close on the $10.3 billion Barzan gas project – Qatar’s biggest project financing to date.
-
ICA closed the Ps9.7 billion ($709 million) financing for the Sarre and Papagos prison PPPs in Mexico on 28 September. The deal breaks down into a Ps7.1 billion non-recourse certificados bursatiles bond issue and Ps2.6 billion in equity. It is the first entirely commercially financed greenfi...
-
German renewables developers InfraVest and wpd closed the debt financing for their Eu91.4 million ($128.1 million) Houlong wind farm in Taiwan on 25 October. The 57.9MW project is the fifth that the pair have developed in the country and cements their position as the only independent renewab...
-
One of the first significant PPP deals to be awarded to a non-French sponsor, the Autostrade-led Ecomouv consortium closed a Eu704.5 million ($951.4 million) financing for the 13.5-year Eco-tax concession on 20 October.
-
On 20 October 2011, the Italian grid-operator Terna rounded out the completion of two project financings for a total amount of Eu741.3 million ($1.007 billion) for two PV portfolios that were sold at closing to private equity fund Terra Firma.
-
The A9 is only the second of the latest slate of A-models to reach close, and the first to be backed by availability payments for the life of the concession. The European Investment Bank provided half of the debt for the A9’s predecessor, the A8 II, but commercial banks provided all of ...
-
F2i and AXA reached financial close on 3 October on the Eu2.66 billion ($3.5 billion) refinancing of their three Italian gas network businesses – the G6, Enel Rete and E.ON Rete networks. The deal has gearing of 70% and involves just under Eu2.2 billion of debt.
The F2i Reti Italia con...
-
Cate Street Capital and Starwood Energy closed a $275 million financing for the 75MW Burgess BioPower in New Hampshire on 2 September. However, the complicated private placement financing for the plant, which was formerly known as Berlin Station Biomass, was marred by allegations from the de...
-
Government of Panama-owned Empresa Nacional de Autopista (ENA) closed a $395 million bond issue to partially finance the buy-out of ICA’s 19.8km Corredor Sur toll road concession on 23 August. With its first deal done, the buyer can now turn its attention to the still pending buy-out of...
-
It took 33 lenders, five tranches and the first-ever domestic guarantee from the Export Finance and Insurance Corporation (EFIC) but the Wiggins Island Coal Export Terminal (WICET) has proven that large-scale project financings can still be inked in Australia; with a little effort.
-
Arise Windpower and Platina Partners have closed the acquisition of, and construction financing for, the 203MW SKr3.1 billion ($450 million or Eu338 million) Jadraas wind project in Sweden. The project is one of the largest single-phase onshore wind financings in the Nordic region, and certa...