PFI Awards Dinner 2012
Six hundred people from the global project finance community attended the PFI Awards Dinner last night in London hosted by comedian Ed Byrne. Global Bank of the Year was awarded to BTMU, represented by Hiroaki Fujisue, Executive Officer and General Manager of the Bank’s European Investment Banking Division.
Top Stories
Project bonds may fill gap
European banks are going back home, leaving the LatAm market with a hole to fill. So what will fill the gap? Maybe project bonds, especially in Brazil. By Alan Gersten.
Super loans
Australian super funds are waking up to the idea of expanding their investments beyond equity, fixed interest and mortgage debt. Project loans is one area they are considering, at home and abroad. By John Arbouw.
RFF highlights competition
RFF notes fierceness of competition for final rail tender. It adds that the election creates a tight window for financing. By Robert Smith
Canada must diversify energy exports, official says
Canada must diversify energy exports, official says
Joe Oliver, Canada’s Minister for Natural Resources, says a pipeline delay underscores the need for Canada to diversify its export markets.
PF MLA 2011
| # | Arranger | (US$m) |
| 1 | SBI Capital | 21,631.6 | |
| 2 | Mitsubishi UFJ | 9,486.1 | |
| 3 | SMBC | 8,188.1 | |
| 4 | Credit Agricole | 6,506.4 | |
| 5 | Mizuho Financial | 5,797.5 | |
| 6 | Societe Generale | 5,760.5 | |
| 7 | BNP Paribas | 5,390.8 | |
| 8 | Axis Bank | 5,216.9 | |
| 9 | IDBI | 5,126.3 | |
| 10 | ING | 4,916.1 | |
PFI Comment
Local banks to the fore
The trend began after the first financial crisis in 2008/9 but is now accelerating. Emerging market local bank financing is becoming a more crucial element of the project funding mix – for corporates in their home and overseas markets.
Features
Manjung Island Energy funds Islamically
Late last year, TNB Janamanjung Sdn Bhd (TNBJ), a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), via Manjung Island Energy Berhad (MIEB), issued M$4.85bn of Islamic securities pursuant to its M$5bn Islamic Securities Programme. By Lee Chin Tok and Shantala Menon, CIMB Investment Bank.
DOE loan guarantees under attack
There are storm clouds on the horizon for US alternative energy. By Herbert A Glaser, Gilbert D Porter and Micaela Garcia-Ribeyro, Haynes and Boone LLP1.
Current Issue
A subscription to PFIe.com is now more valuable than ever!Click here to request Trial Access to the service!
