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Netflow mandates advisers for WestConnex bid
18 August 2017

Netflow – a joint venture between Plenary Group and Cintra – has mandated Deutsche Bank and RBC Capital Markets as advisers on its bid for the New South Wales government’s 51% share in the Sydney Motorway Corp which owns the $16.8 billion WestConnex road project. Netflow is expected to team up with Canadian investors Caiss...

Paiton refinancing complements $2bn bond with $750m loan
18 August 2017

Following the sale of a $2 billion bond issue earlier this month, Paiton Energy has also raised a $750 million six-year loan as part of its $2.75 bill...

Canakkale Bridge RFP launched to banks
18 August 2017

A request for proposals has been launched to banks for the financing of the $2.95 billion Canakkale 1915 Bridge PPP project in Turkey. Sponsored by...

Akbank closes second 2017 refi
17 August 2017

Akbank has closed a second $1.2 billion equivalent facility for 2017 – pulling in 38 banks and slightly cheaper pricing than the deal it closed ...

AAA Oils & Fats out with refi
17 August 2017

AAA Oils & Fats (AAAOF) is self-arranging a new loan of up to $750 million to refinance its 2014 credit facility. The refinancing comprises a s...

In depth

Instruments of trade: How do Bills of Exchange work?
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Instruments of trade: How do Bills of Exchange work?
Max Thompson
15 August 2017

In the latest edition of law firm Sullivan and Worcester’s Trade Financing Breakfast Seminars, partner Simon Cook discusses how Bills of Exchanges are promissory notes used as instruments in cross-border transactions and trade financings.

Moscow Central Ring 3: Cashphalt costs
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Moscow Central Ring 3: Cashphalt costs
Callum Burroughs
11 August 2017

At the end of July the sponsors of the Moscow Central Ring Road section III concession reached financial close with a mix of public grants and domestic bank debt. The deal had a hard ride to close given disagreements between lenders and the borrower over the use of fixed or floating rate debt.

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