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Wednesday, 21 August 2019

Lima Metro bond upsized and priced low

PFI Issue 654 - July 31, 2019

Special purpose vehicle Lima Metro Line 2 Finance II (LML2F2L) has upsized its Series 2019-1 notes issue due 2036 to US$563.175m from US$539.3m and priced them at par to yield 4.35%.

Ergon closes Green bond refi

PFI Issue 654 - July 31, 2019

Local solar energy and infrastructure company Ergon Peru has closed the private placement of Green bonds to refinance a project finance loan from 2018 and help pay for the installation of solar schemes in rural areas.

Banks picked for FPSO project bond

PFI Issue 654 - July 31, 2019

Cernambi Sul MV24, which owns FPSO Cidade de Mangaratiba - MV24, a floating production storage and offloading (FPSO) vessel deployed in Brazil’s Lula-Iracema oilfield, has hired banks for a potentially US$1.1bn project bond issue.

Canadian Solar reveals auction success

PFI Issue 654 - July 31, 2019

Canadian Solar secured a power purchase agreement (PPA) for a 51MW solar scheme in Minas Gerais in the recently held A-4 auction, it said in a statement.

Submarine cable project planned

PFI Issue 654 - July 31, 2019

Chile’s Transportation & Telecommunications Ministry and development bank CAF have opened a tender to find a company to complete a feasibility study for a 24,000km trans-Pacific submarine cable known as Puerta Digital Asia-Sudamérica.

Leagold lands refi and expansion combo

PFI Issue 654 - July 31, 2019

Canada-based Leagold Mining Corporation has closed a US$400m debt deal that will be put toward refinancing existing debt and funding construction of the expansion of its Los Filos gold mine in Mexico and the Santa Luz gold mine in Brazil.

Brennand taps Siemens

PFI Issue 654 - July 31, 2019

Brennand Investimentos has tapped German giant Siemens Gamesa to provide turbines for the combined 94MW Arizona and Honorato wind farms in Bahia.

Anglo to go renewables only by 2021

PFI Issue 654 - July 31, 2019

Major mining company Anglo American has signed a deal with Italy’s Enel that will see it source all its power in Chile from renewables by 2021.

QB2 debt expected to close Q3

PFI Issue 654 - July 31, 2019

The US$2.5bn project financing of the Quebrada Blanca Phase 2 (QB2) copper mine in northern Chile is expected to close in the third quarter, according to majority stakeholder Teck. First borrowing is expected in late 2019.

Lima eyes Vinci contract cancellation

PFI Issue 654 - July 31, 2019

The government of the Peruvian capital Lima is looking to cancel a concession contract for the management of the LAMSAC public-private partnership toll road in the city with Vinci Highways after rejecting a proposal to lower toll rates.

Country preps renewables auction

PFI Issue 654 - July 31, 2019

Ecuador is looking to join the renewable energy auction fray and will launch its solicitation at the end of July, according to reports.

Genneia lands wind deal

PFI Issue 654 - July 31, 2019

Local independent power producer Genneia has landed a potentially US$70m syndicated loan backing the 151MW Parque Eolico Puerto Madryn II (PEM II) wind farm in Chubut.

Actis lands EDP wind project

PFI Issue 654 - July 31, 2019

Private equity group Actis Capital will buy the 137MW Babilônia wind farm from Portugal’s EDP Renováveis (EDPR) for R$650m (US$171.5m).

EDP eyes project bond issuance

PFI Issue 654 - July 31, 2019

EDP Transmissão is looking to issue R$800m (US$212.8m) in bonds maturing in July 2039 backing the 375km, 500kv Estreito-Cachoeira Paulista transmission line.

YPF lands bond deal

PFI Issue 654 - July 31, 2019

Power group YPF Luz has landed a US$400m, seven-year bond issue priced with a 10% coupon to yield 10.25%. The issue price was 98.772.

Mirador begins operating in mining boost

PFI Issue 654 - July 31, 2019

The Mirador mining project in southern Ecuador has begun operating as years of government promotion of the mining sector seem set to finally pay dividends.

Genneia signs wind financing and partnership

PFI Issue 654 - July 31, 2019

Local independent power producer Genneia has signed a US$131m long-term financing backing the combined 141MW Chubut Norte III & IV wind farms.

Oz Minerals reveals prelim mine costs

PFI Issue 654 - July 31, 2019

Australia’s Oz Minerals has completed a pre-feasibility study at its low-cost, open-pit CentroGold mine in Carajas with construction costs estimated at US$155m.

Private placement prepped for hydro

PFI Issue 654 - July 31, 2019

Canada’s Innergex Renewable Energy and partner Energia Llaima are looking to land a private placement long-term financing backing a portfolio of hydro projects across Chile, according to sources.

BNDES extends wind loan maturity

PFI Issue 654 - July 31, 2019

State-run development bank BNDES has extended the maturity of a R$988m (US$263m) project finance loan for Renova Energia by 30 days to August 15 2019.

Arroyo closes PMGD deal

PFI Issue 654 - July 31, 2019

Arroyo Energy Investment Partners has closed a US$64.6m debt financing backing the development, construction, and operation of a 70MW portfolio of greenfield and brownfield Pequenos Medios de Generacion Distribuida (PMGD) solar assets in Chile.

Solar DG incentives launched

PFI Issue 654 - July 31, 2019

The Argentine government has launched tax credits incentives for the implementation of distributed generation solar projects of up to 2MW to be known as Certificados de Crédito Fiscal (CCFs).

Genneia project comes online

PFI Issue 654 - July 31, 2019

Local independent power producer Genneia has brought online its 100MW Pomona I wind farm in Rio Negro.

Enel gets revolver after massive PPA deal

PFI Issue 654 - July 31, 2019

Enel Chile has signed a US$150m, five-year revolving credit facility for general corporate purposes. BBVA, Scotiabank, and Mizuho were the lenders.