sections

Monday, 27 February 2017

Highway

AMP defends infra funds

AMP Capital has published a paper entitled “Not just a bond proxy”, which defends the performance of infrastructure funds at a time of rising yields. In the second half of last year global equities rose 7.7% while listed infrastructure funds dropped 4%. AMP said after times of previous rising yields infra funds regained ground on general equities. AMP said if inflation expectations diminished, infra funds would outperform; under reflation equities would initially outperform; and under a normalisation scenario with healthy growth and inflation, equities would outperform.

Dakota

​Backlash intensifies against Dakota banks

PFI Issue 595 - February 22, 2017

One city has cut ties with its bank over participation in the Dakota Access financing. The decision has unleashed a torrent of opposition that continues to grow. By Alison Healey.

Indonesia

A power start for Indonesia

PFI Issue 595 - February 22, 2017

Indonesia is moving closer to its 35GW plan. At least three IPPs will be financed in the first quarter and more are expected later. By Minerva Lau.

R3

Debt funds revive Radiales battle

PFI Issue 595 - February 22, 2017

Distressed debt investors are adding a twist to the saga of the Radiales toll roads. New battles over the motorways’ rescue are about to be waged in court. By Stefano Berra.

Features

USA

Hedging the key for US power projects

PFI Issue 595 - February 22, 2017

Favourable hedge arrangements are becoming more important for merchant and quasi-merchant power projects. For natural gas US IPPs, there are a few hedging options. By Nic Stone.

College

Alignment of interests – Redefined

PFI Issue 595 - February 22, 2017

The US higher education sector is currently experiencing some of the most significant and compounding challenges relative to almost any other industry. By Geoff Eisenacher, vice-president of Partnership Development at Corvias.

PFI Yearbook 2017 Cover image

PFI Yearbook 2017

PFI Yearbook 2017

Welcome to the 2017 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2016, through case studies and the PFI Awards, and look forward into 2017 with interviews and articles in the Global section of the book.

PFI Global Infrastructure Report 2016

PFI Global Infrastructure Report 2016

PFI Global Infrastructure Report 2016

The three largest insurance groups in Germany are emerging as dominant institutional investors in the European infrastructure debt market. By Stefano Berra.This market now encompasses the full range of players in the global capital markets – from private equity to large scale pension and insurance funds and sovereign wealth funds on the equity side onto institutional debt providers, investment banks and commercial banks on the debt side.

PFI Global Energy Report 2016

PFI Global Energy Report 2016

PFI Global Energy Report 2016

COP21 in Paris late last year saw nearly 200 nations setting about their green ambitions including their plans to develop renewable energy projects. The summit has given an added impetus to the push for renewable energy.

PFI Comment

Quebec health minister Gaetan Barrette

Damned if you do, damned if you don't

When construction goes wrong, hindsight is a beautiful thing. For clients, the PPP/P3 contractual model was supposed to take all the construction hassle away via turnkey procurement. But clients can still face problems – whether they choose to interfere in the contract or not. 

Project Finance MLA 2016

# Arranger (US$m)
1 MUFG 14,215.6
2 CDB 13,202.6
3 SMBC 11,079.4
4 Mizuho 7.715.5
5 Credit Agricole 7,389.7
6 Societe Generale 5,966.8
7 BNP Paribas 5,808.0
8 ING 5,590.8
9 SBI Capital 5,277.5
10 Natixis 4,388.8

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2017 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 IFR.ClientSupport@thomsonreuters.com.

PFI EMEA 2016 Cover image

PFI EMEA Report 2016

PFI EMEA Report 2016

The 2016 Project Finance International Europe, Middle East & Africa (EMEA) Report provides a range of case studies from the region plus a look at key themes in the market such as the evolving structure of power purchase agreements and new credit enhancement products.

PFI India Report Cover 2016

PFI India Report 2016

PFI India Report 2016

The government of Narendra Modi has taken steps to revive economic activities, especially in the energy sector where green is the word, and infrastructure sector where hybrid may be the new lingo.

PFI Asia Best Practice Report 2016

PFI Asia Best Practice Report 2016

PFI Asian Best Practice Report

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