sections

Friday, 14 December 2018

Greek highway

Ferrovial sells Greek roads

Spanish construction group Ferrovial has sold its stake in the Ionian Roads and Central Greece motorway projects to co-sponsor GEK Terna for €85m. Ferrovial, which is looking to sell stakes in various businesses and concessions worldwide, said the deal will generate €80m of proceeds. GEK Terna now owns 100% of the 30-year concessions.

The Panamericana highway in Argentina

Highway PPPs reach milestone

PFI Issue 639 - December 12, 2018

The maiden financing backing one of the first six highway public-private partnerships in Argentina is set to close. Many groups are helping to get the job done. By Nic Stone.

offshore wind

Japan finally passes offshore wind law

PFI Issue 639 - December 12, 2018

Japanese offshore wind energy is set to take off following the Diet’s passing of the offshore wind energy law. First bidding for promotion zones could come as early as mid-2019. By Minerva Lau.

Patrick Drahi and Alain Weill

Debt lined up for Altice FTTH roll-out

PFI Issue 639 - December 12, 2018

Altice has sold a stake in its French broadband company. A €1.8bn project financing will fund future growth. By Stefano Berra

Features

Solar panels and wind turbine

Recent developments in sustainable finance

PFI Issue 639 - December 12, 2018

The growth of “sustainable finance” has been a major trend in global financial markets in the past decade. The term refers to practices and instruments of the financial services industry aimed at promoting desirable environmental and/or social outcomes. By Craig Jones and Sam Saunders, Sullivan & Cromwell.

LNG tank

LNG market – Neither buyer nor seller be

PFI Issue 639 - December 12, 2018

It is not a buyer’s nor a seller’s market, it is a “partners market”, industry players need to accommodate what each wants through partnerships. By David Ledesma, energy and strategy consultant at South-Court Ltd and Senior Fellow of the Oxford Institute for Energy Studies.

2017 PFI Awards Winners

2018 PFI Yearbook

PFI Yearbook 2018

Welcome to the 2018 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2017, through case studies and the PFI Awards, and look forward into 2018 with interviews and articles in the Global section of the book.

PFI Global Infrastructure Report 2018 Cover

PFI Global Infrastructure Report 2018

PFI Global Infrastructure Report 2018

The global infrastructure market is moving into new territories - both geographically and sector wise. PFI’s Global Infrastructure Report 2018 takes look at the new kids on the block and in addition, some of the legacies from the old era. The Report carries case studies on deals as diverse as German fibre optic, the Canakkale Bridge and the Los Angeles people mover scheme. In addition it carries in depth pieces on the construction woes which befell Carillion and the Canadian super hospitals.

PFI Global energy 2018 Cover

PFI Global Energy Report 2018

PFI Global Energy Report 2018

Developments in the LNG market and the spread of increasingly cheap renewable technology are dominating the global energy market. PFI’s Global Energy Report 2018 examines the driving forces behind these and other trends through case studies of landmark deals and articles on important market shifts. The report looks at new technology such as energy storage and new funding options for renewables.

PFI League Tables 2018

The Refinitiv Project Finance International 2018 league table returns are due to be submitted on December 31st 2018. The tables are for mandated lead arrangers for loans, lead managers for bonds and for financial advisory services on project finance deals. Click here to obtain a form and details of the league table process.

PFI Comment

Trader

The search for yield is over

Debt investors seeking yield over the last few years have now found it sitting on their doorstep, or at least in front of them on their screens. Q4 this year has seen a rout in the global bond markets that will lead to a more interesting 2019 both for institutional investors and banks.

Project Finance MLA 2018 Q3

# Arranger (US$m)
1 MUFG 10,524.1
2 SMBC 7,770.6
3 Societe Generale 5,715.4
4 Credit Agricole 5,682.5
5 Santander 5,401.2
6 ING 5.104.3
7 BNP Paribas 4,397.2
8 Mizuho 3,900.0
9 Natixis 3,555.8
10 Morgan Stanley 2,901.9

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2018 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.