Analysis Archive
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Tisur Matarani port expansion, Peru
Transport Latin AmericaGrupo Romero has signed a $280 million non-recourse debt-financing for the Terminal Internacional del Sur (Tisur) Matarani port expansion project in southern Peru for which the Las Bambas, Cerro Verde...
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India’s new infrastructure investment trusts
Asia PacificIndia’s huge infrastructure development potential India requires stronger infrastructure financing systems. Infrastructure investment trusts (InvITs) are India’s latest attempt to boost access to...
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Westermost Rough, equity refinancing
Renewables EuropeThe UK Green Investment Bank (GIB) and Marubeni closed a £1 billion ($1.6 billion) refinancing of their 50% equity investment in the Westermost Rough offshore wind project
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US transportation: The 11th hour fix
Transport North AmericaDays away from allowing the US federal Highway Trust Fund to reach insolvency, Congress finally approved $10.8 billion in funding to the scheme. But the congressional bill is a short-term remedy and...
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CPV's St. Charles and EIF's Newark power projects
Power North AmericaAs commercial banks look for market share in the US power market many are turning to merchant power projects, albeit with hedges that provide pricing certainty similar to a short term power purchase...
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Pakistan’s power problems
Power Asia PacificCircular debt is an accepted and long running risk for Pakistan IPPs. But the country needs outside investment to fix its power problems. The country’s heavy backers, the Chinese, may not accept...
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ICA toll road refinancing, Mexico
Transport Latin AmericaLast month Mexican construction firm Ingenieros Civiles Asociados (ICA) closed a Ps3.8 billion ($294 million) bond refinancing which combined revenues from a toll road concession and a hybrid...
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2i Rete Gas refinancing, Italy
Oil & Gas EuropeF2i and Ardian last month closed a €2.45 billion bank and bond refinancing of their 2i Rete Gas distribution assets, marking the largest combined bank and bond refinancing in Italy to date
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Carry on Cairo?
Oil & Gas MENANewly elected President of Egypt Abdel Fattah el-Sisi has prioritised major infrastructure projects for his first term in office but despite the rhetoric, the North African country has a lot to do...
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Axione Infrastructures refinancing, France
Telecoms EuropeAxione Infrastructures' (AI) recent bond issue - to refinance 11 of its network concessions - saw the French company achieve long term financing of 11 years, a tenor longer than is typical for the...
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South Stream and the political battleground
Oil & Gas EuropeWith the expansion of US sanctions against Russia, the regulatory dispute between the EU and Russia, and the resignation of Bulgaria’s government, the ongoing feasibility of Gazprom’s $50 billion...
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North Island Hospitals, Canada
Social & Defence North AmericaThe financial close of the North Islands Hospitals project in Canada marks the first ever green bond issue for a Canadian social infrastructure PPP project
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US LNG's new prospects for Asian offtakers
Oil & GasThe developers of natural gas liquefaction projects want to lessen their dependence on debt from export credit agencies. Will this free them to work with different offtakers?
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Alto Sertão II, Brazil
Renewables Latin AmericaRenova Energia's R$1.044 billion ($468 million) debt-financing for the Alto Sertão II wind complex represents one of the largest Brazilian renewables financings to date
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Pagbilao 3, Philippines
Power Asia PacificThe Ps44.09 billion ($1 billion) project financing for Pagbilao power plant phase 3 is the largest ever project financing in the Philippines funded exclusively by local lenders
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Vietnam’s PPP law
Transport Asia PacificVietnam has just delayed the introduction of its PPP law. The news is a setback as the country is in need of the extra investment a transparent PPP process would help attract
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Tamar refinancing, Israel
Oil & Gas MENAThe successful – and attractively-priced – five-tranche $2 billion bond refinancing for Delek Group’s stake in the Tamar gas field should make bonds more attractive to other upstream producers
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Italy ready for its first project bond
Transport EuropeInternational banks are already marketing what would be Italy’s first project bond financing for the transport sector and with new legislation approved yesterday (19 June 2014) private placements will...
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Metro Power, Pakistan
Renewables Asia PacificPakistan’s Metro Power marks the IFC’s first investment into a wind project in Pakistan and demonstrates the influence multilateral financing can have in boosting the attractiveness of the renewables...