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Friday, 23 August 2019

NY Skyline

DFC to take on Chinese lending

More details are emerging on the new US International Development Finance Corporation (DFC), with part of the plan being to provide a counterpoint to Chinese “debt traps” in Latin America. The DFC is set to launch on October 1 to provide loans, loan guarantees, political risk insurance, and equity investments up to a US$60bn cap, in part to take on Chinese influence in infrastructure. The US expects to double lending to the western hemisphere, including Latin America via the entity.

US gas-fired power station

A few key months for power PF

PFI Issue 654 - July 31, 2019

A big ruling by FERC concerning PJM could influence the power project finance market in the coming months. A busy time is expected as borrowing becomes even more attractive. By Nic Stone.

Wind farm and power transmission lines in Australia

Connecting to a renewables future

PFI Issue 654 - July 31, 2019

The need for new transmission in Australia is paramount. The energy market regulator is pushing new schemes. By John Arbouw.

German rail

Rolling stock financing booms

PFI Issue 654 - July 31, 2019

The debt market for European rolling stock is booming. Train leasing companies are tapping growing institutional investor interest. By Stefano Berra

Features

Data centre

Data infra enters the PF sector

PFI Issue 654 - July 31, 2019

The growing demand for data and the infrastructure to host it has provided a new area of opportunity – data centres. By Will Marder, head of Wilmington Trust Project Finance.

Allego charging point

Financing leading charge point operator

PFI Issue 654 - July 31, 2019

The electric vehicle revolution will not happen without charging infrastructures. Given the capital-intensive nature of these assets, innovative financing solutions will be critical. The Allego deal is a first-of-a-kind transaction that paves the way for future deals in a new asset class. By Julien Touati, partner at Meridiam, and Laurent Chabot, co-head of the Paris-based Infrastructure team of Societe Generale Corporate & Investment Banking.

PFI global infra cover 19

PFI Global Infrastructure Report 2019

PFI Global Infrastructure Report 2019

The global infrastructure market in 2019 has seen a range of deals financed and plenty of new plans hatched. The problems in the contracting sector remain, however. PFI’s Global Infrastructure Report 2019 case studies leading deals such as Gordie Howe, Florida Rail, Paraguay’s Corredor Bioceanico, Shuqaiq IWP, Tours-Bordeaux and Belgrade Airport. Themes such as China’s Belt & Road and Thailand’s Eastern Economic Corridor are examined and the problems with US and Australian construction projects are revealed.

PFI Global Energy Report 2019

PFI Global Energy Report 2019

PFI Global Energy Report 2019

The renewables sector remained the most vibrant energy market over the past year, while the TAP pipeline brought back attention to mega oil & gas projects. PFI’s Global Energy Report 2019 looks at emerging renewables markets, such as Poland and Vietnam, alongside established ones, such as Belgium and Scotland, with an eye on the boom under way in Spain and Australia. The report examines new structures such as US energy P3s and Asian Green bonds and offers an outlook on LNG and FPSO financings. 

PFI Yearbook Cover 2019

PFI Yearbook 2019

PFI Yearbook 2019

Welcome to the 2019 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2018, through case studies and the PFI Awards, and look forward into 2019 with interviews and articles in the Global section of the book.

PFI Comment

Coal transport in Vietnam

Vietnam goes uncovered

The dollar project bond refinancing of the Mong Duong power project in Vietnam shows the project bond movement in Asia is now kicking on into a trend rather than being a series of one-off events. But underlying the headlines are some important qualifications.

Project Finance MLAs H1 2019

# Arranger (US$m)
1 MUFG 6,003.8
2 SMBC 4,721.3
3 Mizuho 4,168.2
4 SBI Capital 4,064.4
5 Santander 3,483.2
6 BNP Paribas 3,253.0
7 Credit Agricole 3,129.8
8 Societe Generale 2,872.0
9 Natixis 2,803.2
10 Bank of China 2,440.6

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2019 here.

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