Latest Analysis
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
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 be possible for the first time in the Italian market
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 sector amongst domestic banks
US carbon regulations: inevitable and far-reaching
Renewables North AmericaA recent decree from the US Environmental Protection Agency to slash US carbon emissions further is not unexpected, but could it signal the end for coal-fired power in the US?
Sohar Refinery, Oman
Oil & Gas MENAThe latest $2.8 billion financing raised by Oman Oil Refineries and Petroleum Industries Company (ORPIC) for its Sohar refinery is part of a wider strategy to boost Oman’s downstream industrial capacity
Aberdeen takes over SWIP
EuropeAberdeen Asset Management enters infrastructure with the acquisition of Scottish Widows Infrastructure Partners as investor objectives shift to predictable and stable cashflows
Waterloo LRT, Canada
Transport North AmericaThe C$621.2 million ($571.5 million) Waterloo light rail transit PPP in Canada is the latest transit deal to close using a mixture of short-term bank debt and long-term bond financing, after the C$2 billion Ottawa light rail deal, which closed last year
Market readies for Thames Tideway Tunnel’s IP structure
Water EuropeBidding is underway for construction contracts, and now the much-awaited tender is imminent to finance London’s new Thames Tideway Tunnel
Gemini wind, the Netherlands
Renewables EuropeThe Gemini offshore wind farm in the Netherlands is the largest offshore wind project financing ever, and featured export credit agencies, commercial banks and a Danish pension fund
Is Asia ready for project bond enhancement?
Asia PacificEurope has honed a project bond credit enhancement. Asia is poised to follow
Roy Hill, Australia
Mining Asia PacificThe financing for the Roy Hill iron ore project in Australia is the largest deal to close so far this year, and was a rare non-recourse deal in a sector which has been dominated traditionally by corporate deals.
Gas prices key to Energy Future restructuring
Power North AmericaEnergy Future Intermediate Holding Company has launched a tender for its first and second lien debt, despite some opposition from junior lenders to the bankrupt power company's affiliates
N17/N18 Gort-Tuam, Ireland
Transport EuropeThe N17/N18 Gort-Tuam financing for Ireland marks the re-emergence of international confidence, after the impact of the sovereign debt crisis
Sarulla geothermal, Indonesia
Renewables Asia PacificSarulla is a breakthrough for renewables development in Indonesia, and shows that the country may at last be living up to its geothermal potential
US PPPs: Bridging the policy gaps
Transport North AmericaWhile Kentucky’s PPP enabling legislation might still be a few miles from execution, overall an increasing number of US states have recognized and accepted the model in recent years. But can there be a nationwide standardisation of the model?
Abengoa Transmisión Sur refinancing, Peru
Power Latin AmericaThe Abengoa Transmisión Sur (ATS) refinancing of its Peruvian transmission lines through the international capital markets successfully tested a model that the industry hopes will become the new paradigm for financing infrastructure projects across Latin America