News
Latest Capital Markets Analysis
-
UK's new nuclear moves forward - but slowly
Power EuropeThis week sponsors of two of the UK’s most advanced new nuclear projects, the £24.5 billion ($34.7 billion) 3.2GW Hinkley Point C and the £14 billion, 2.7GW Wylfa Newydd project both announced new stages in their development
-
LT analysis: Bond rush
North AmericaIJGlobal's full-year league table data shows the total value for energy and infrastructure bond financings in 2015 reached record levels, with the majority of issuance for North American assets
-
Data Analysis: US renewables financing surges
Renewables North AmericaThe total value and volume of closed transactions for renewables projects in North America hit record levels this year, with $47.5 billion closed across 153 deals in 2015 (as of 15 December), according to IJGlobal data
-
Track 3B, Malaysia
Power Asia PacificMalaysia’s 3B has had an eventful history to say the least, although the financing represents a successful outcome for sponsors Tenaga Nasional and Mitsui
-
Abengoa crisis puts LatAm on alert
Latin AmericaCreditors and partners working alongside Abengoa, among them various Latin American state-held entities, are feeling the pressure following news that the Spanish renewables developer filed for insolvency protection last week
-
The changing equity mix of offshore wind
Renewables EuropeThe equity mix at pre-construction phase for project financed European offshore wind developments has changed vastly since the sector was born more than 15 years ago
-
Canadian infrastructure turns to public bonds
Transport North AmericaCanada has been able to tap different sources of funding as its infrastructure needs have developed in recent years. The emergence of large transport projects in the country's infrastructure pipeline has led to a rise in publically-listed bond financings, IJGlobal data reveals
-
Mexico City new international airport (NAICM)
Transport Latin AmericaThe $3 billion revolving credit facility closed by the Mexican Federal Government this week is a crucial step toward financing what is slated to be one of the world’s busiest airports
-
The competition for Indonesia’s Java 7
Power Asia PacificPLN’s decision to tender out the 2x1000MW Java 7 independent power producer project without a government guarantee raised a few eyebrows, but this doesn’t seem to have deterred many bidders
-
Solar securitisations and tax equity structures in the US
Renewables North AmericaSecuritisations provide one of the cheapest sources of capital for residential solar assets. Since November 2013, five solar securitisations have closed. Pricing on these securitisations may reflect the varying risk of the tax equity structures involved
-
Thames Tideway Tunnel, UK
Water EuropeThe successful investors in the new £4.2 billion ($6.5 billion) Thames Tideway Tunnel sewer in London have achieved construction phase stable returns for investors and a cost of capital well below the industry average at 2.497%, all under a bespoke regulatory regime
-
Data Analysis: Colombia's exponential toll road boom
Transport Latin AmericaColombia’s national infrastructure agency (ANI) has procured more than 4,500km of toll road projects to the private sector in the last 16 months, according to the IJGlobal database
-
Puerto Rico’s debt default implications on infrastructure pipeline
Power North AmericaPuerto Rico won’t proceed with planned PPP projects until the US territory is able to restructure existing debt
-
El Encino-La Laguna gas pipeline, Mexico
Oil & Gas Latin AmericaMexican pipeline operator Fermaca obtained competitive terms on a $610 million mini-perm loan backing the $820 million El Encino-La Laguna natural gas pipeline project in Mexico
-
St. Lawrence bridge PPP, Canada
Transport North AmericaThe new C$4.24 billion ($3.3 billion) bridge over the St. Lawrence river in Montréal is the largest bridge PPP to close in Canada
-
H1 2015 League Tables Analysis: Bonds lead Peruvian infra finance
Transport Latin AmericaTwo of the three Peruvian infrastructure deals to close in the first half of 2015 were funded by sizeable bond issuances, according to the IJGlobal H1 2015 League Tables
-
Calais Port 2015 expansion, France
Transport EuropeThe Calais Port 2015 project marks the seventh use of the European Investment Bank’s project bond credit enhancement (PBCE) pilot programme and in addition is another enormous private placement taken entirely by Allianz Global Investors during construction at €504 million ($554 million)
-
H1 2015 League Tables Analysis: Uptick in North American transport PPP
Transport North AmericaClosed deal volume in the second quarter of 2015 raised total transport PPP investment in H1 2015 to $13.32 billion across US and Canada, according to IJGlobal’s H1 2015 league tables
-
QCLNG pipeline acquisition, Australia
Oil & Gas Asia PacificAgainst the fanfare of Australia's state privatisation programmes, APA Group in June 2015 closed its $4.6 billion acquisition of the Queensland Curtis LNG (QCLNG) pipeline from BG Group with minimal fuss