Tuesday, 09 February 2016


PFI Awards

Project Finance International held its annual awards dinner in London on Wednesday night at The Hilton on Park Lane. The event was attended by 800 guests who were entertained by after dinner host Romesh Ranganathan. Hiroshi Matano, executive officer, global head of structured finance, picked up the Global Bank of the Year for MUFG. The dinner raised £9,615 for the Save The Children charity, a new high for the event.

Argentina's President Mauricio Macri

No more crying in Argentina

PFI Issue 569 - January 27, 2016

The election of Mauricio Macri has altered the face of the Argentine economy, at least for now. The government change may open doors for project finance lenders. By Nic Stone


Bittersweet ECB

PFI Issue 569 - January 27, 2016

The Indian government is aiming to improve external commercial borrowing policies. But for the infrastructure sector, significant problems have emerged. By Minerva Lau.


Spain tries again

PFI Issue 569 - January 27, 2016

Spain has become an investment pariah in the renewables market after its subsidy cuts. The country is now returning to tender new renewable projects but its first auction has led to more controversy. By Stefano Berra.



Loans up again, bonds down

PFI Issue 569 - January 27, 2016

The global project finance loans market was up again last year, by US$17.7bn to US$277.7bn, but project bond issuance dropped by US$15bn to US$35bn. This meant the commercial project finance market remained around the US$310bn mark. Multilateral activity remained constant in the developing markets but dropped in the developed world.

PFi Yearbook 2016 Cover image

PFI Yearbook 2016

PFI Yearbook 2016

Welcome to the 2016 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2015, through case studies and the PFI Awards, and look forward into 2016 with articles in the Global section of the book.

PFI Global Infrastructure Report Cover 2015

PFI Global Infrastructure Report 2015

PFI Global Infrastructure Report 2015

As the confidence in the debt markets reaches new post global financial crisis highs and the investment community remains keen on finding new assets to finance, a key question in the report concerns deal flow. Where will the next deals come from?

PFI Global Energy Report 2015 cover

PFI Global Energy Report 2015

PFI Global Energy Report 2015

With global energy markets in a state of flux following the collapse in the oil price from last autumn onwards, the timing of the publication of the report could not be better.


Telecoms funding is back

Telecoms financing is back in the asset funding world. The last time it came around, in the late 1990s, it was wrapped up in the dotcom boom. Everyone – from mining penny stocks to the crooked e, – became dotcom stocks. This time around, it is the infrastructure sector that is influencing telecoms rather than telecoms influencing infra.

Project Finance MLA 2015

# Arranger (US$m)
1 MUFG 16,126.8
2 SMBC 12,831.7
3 Bank of Taiwan 12,052.9
4 SBI Capital 10,854.6
5 Mizuho 8,730.3
6 Credit Agricole 8,285.5
7 ING 7,851.6
8 Santander 6,879.3
9 BNP Paribas 6,683.1
10 Societe Generale 6,568.4

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2016 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

PFI EMEA Report Cover 2015

PFI EMEA Report 2015

PFI EMEA Report 2015

The PFI EMEA report provides valuable insights into the market via case studies of leading deals in the region and articles covering key issues. The report details two of the major deals this year - Thames Tunnel Tideway and the Veja Mate offshore windfarm – plus the cheapest solar tariff deal in Dubai. The report looks at projects as diverse as Port of Calais, Maamba Power and Breda court and examines how they were structured and financed.

PFI India Report 2015 cover

PFI India Report 2015

PFI India Report 2015

It’s been a year since Narendra Modi – the leader of Bharatiya Janata Party, has been elected into power to head the Indian government. Last year, the PFI report looked at “Rebooting India”, offering ideas and proposals from the financial market and developers on how to ease the bottleneck and problems facing infrastructure development. Since then, the government has started to introduce more transparency in the implementation of pro-growth policies.

PFI Asian Best Practice Report 2015 Cover

PFI Asian Best Practice Report 2015

PFI Asian Best Practice Report 2015

It is with great pleasure that I introduce the second Project Finance International (PFI) Best Practice in Asian Infrastructure Report.