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Wednesday, 01 April 2015

Honduras' President in Comayagua

Honduras tenders airport PPP

The government of Honduras has launched the US$135m retender of the 30-year public-private partnership concession for the Palmerola airport in Comayagua. The tender will be run through PPP promotion agency Coalianza. In January last year, local firm SAISA won the concession to construct the airport, but this was later cancelled due to issues in lining up financing and delays in the work.

Virginia toll

Extraordinary redemption for 460

PFI Issue 549 - March 25, 2015

The saga of Virginia’s Route 460 project seems likely to end in an extraordinary mandatory redemption of bonds. One of the earliest and most progressive P3 states is putting measures in place to avoid repeating the mistakes. By Alison Healey.

Thailand

Thailand seeks delays

PFI Issue 549 - March 25, 2015

Thailand is expecting an oversupply of power within the next 10 years, a situation all others Asian countries would envy. The government instead is seeking to delay the start of these greenfield power plant projects. By Minerva Lau.

Fortum

Cheap debt fuels Fortum

PFI Issue 549 - March 25, 2015

Finnish utility Fortum has agreed to sell its Swedish electricity grid to a Canadian-Swedish consortium. The buyout is backed by a huge package of cheap debt provided by a large group of lenders. By Stefano Berra

Features

Australia

Battle for better margins and tenors

PFI Issue 549 - March 25, 2015

The surge by Australian companies to refinance existing project debt and gain lower margins and longer tenors has been unprecedented and is gathering pace, with more than A$15bn worth of refinancing either completed or in the market in the first few months of 2015. By John Arbouw.

Myanmar

Key issues in Myanmar PSCs

PFI Issue 549 - March 25, 2015

Myanmar is one of the world’s oldest oil and gas producers. However, its upstream oil and gas sector is considered to be relatively underdeveloped. By senior associate, Domenico Ferrari, and partner, Adrian Wong, Nabarro LLP.

PFI Yearbook 2015

PFI Yearbook 2015

PFI Yearbook 2015

Welcome to the 2015 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2014, through case studies and the PFI Awards, and look forward into 2015 with articles in the Global section of the book. This year we have interviewed and profiled a host of leading sponsors from the Americas, Asia-Pacific and Europe Middle East & Africa (EMEA) to take the market temperature – to see how the clients are viewing market prospects.

PFI Europe Cover 2014

PFI Europe Report 2014

PFI Europe Report 2014

The project finance market in Europe has become intensively competitive as the number and type of debt providers grows. Banks are coming back strongly into the medium and long term debt market as the effects of the euro crisis fade. Institutional investors, attracted into the market to fill the gaps made when the banks left during the euro crisis, remain and indeed are growing keener on the infrastructure sector. In times of low interest rates and low inflation, the yield uptick offered by creditworthy projects is compelling.

PFI ME Cover 2014

PFI Middle East Report 2014

PFI Middle East & Africa Report 2014

Project finance in the Middle East & Africa region is on the upswing again and the annual PFI report on the region will cover this fascinating region in full with case studies and articles on key issues.

PFI Global Infrastructure Report Cover 2014

PFI Global Infrastructure Report 2014

PFI Global Infrastructure Report 2014

The keenly awaited annual Project Finance International (PFI) Global Infrastructure report has been published at a time when the market is turning. More long term liquidity is available for infrastructure schemes, pricing on shorter term infraco deals is moving down encouraging sponsors back into bidding for assets and the projects pipeline is showing signs of growing once again.

PFI Best Practice Report Cover 2014

PFI Asia Best Practice Report 2014

PFI Asian Best Practice Report

PFI has released its first Best Practice in Asia report - at a time when the procurement and development of projects has never been more critical as the region seeks to ensure its infrastructure keeps pace with its economic growth. The report includes a range of views from senior project practitioners plus the first PFI Citations for best practice. 

Asset rush

Multiples add up to zero

The market for infrastructure assets is widely accepted to have become overheated. Assets are changing hands at racy multiples and the situation is further exacerbated by the fact that there appear to be fewer deals around. It all looks very worrying.

Project Finance MLA 2014

# Arranger (US$m)
1 Mitsubishi UFJ 16,226.9
2 SMBC 13,451.0
3 Mizuho 9,848.0
4 BNP Paribas 9,002.6
5 Credit Agricole 8,054.3
6 ING 7,555.0
7 CBA 7,276.5
8 HSBC 6,883.6
9 Societe Generale 6,393.5
10 SBI Capital 5,646.8

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2013 here.

To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email rm.clientsupport@thomsonreuters.com.

PFI Global Energy Report Cover 2014

PFI Global Energy Report 2014

PFI Global Energy Report 2014

The Global Energy report takes a look at the full range of issues currently exercising the project finance market - from funding schemes in Africa and obtaining finance for coal fired plants onto renewables, FLNG and the LNG boom in North Americas.

PFI India Cover 2014

PFI India Report 2014

PFI India Report 2014

This is the 8th year that PFI is putting together an annual report on India. It comes at a special time when the country has just elected a new prime minister – Narendra Modi – the leader of Bharatiya Janata Party, who broke the status quo and is expected to bring marked changes to the direction the economy has been going through. The theme of the report will thus be “the rebooting of India”.