TXF in depth

Walney Extension: More acquisition than project bond
Walney Extension: More acquisition than project bond
Max Thompson
23 November 2017

The first non-recourse investment-grade bond to be used on a construction-stage offshore wind farm in the UK, the Walney Extension financing introduces a new UK asset class to institutional investors – albeit with very little construction risk.

The long road across Veneto
The long road across Veneto
Sean Keating
22 November 2017

Eight years in the making and with a revamp of the concession structure, the Pedemontana Veneta road project still has its critics. But there is no argument that getting the key part of the financing in place – a €1.57 billion project bond – was a considerable achievement given the project’s track record.

Islamic PPPs: What's holding the market back?
Islamic PPPs: What's holding the market back?
Tom Nelthorpe
21 November 2017

The World Bank and the Islamic Development Bank have issued a report highlighting the potential for Islamic finance in PPP. And untapped pools of capital could boost Islamic sources’ share of the infrastructure PPP finance market. But shariah-compliant structures have yet to prove their reliability when deals go bad.

TXF in brief

Atimonan One nearing close
8 December 2017

Meralco PowerGen (MGen) has finalised the terms of a PHP107.5 billion ($2.1 billion) loan with eight local banks for the PHP135 billion 1200MW At...

Vinci closes Cologne schools PPP revolver
8 December 2017

Vinci Facilities SKE has raised a €42.5 million ($49.8 million) revolving credit to fund four schools PPP projects in Cologne. Structured via ...

Portugal launches new hospital PPP tender
7 December 2017

Portugal has launched the tender for the Hospital de Lisboa Oriental PPP concession – the first major PPP auction since the country’s debt...

Electrogas Malta LNG-to-power project close imminent
6 December 2017

Sponsors of the 215MW Electrogas Malta LNG-to-power project – Siemens, Socar Trading and GEM Holdings – are expected to reach full financi...

PV Samovodene and PV Zlataritsa refi syndicated
6 December 2017

General syndication closed last month on the €61.85 million ($72.9 million) debt refinancing for the PV Samovodene and PV Zlataritsa solar p...

TXF Data

Export & Agency Finance MLA Full year 2016

Bank USDm No %
1 Intesa Sanpaolo 6731m 4 7.5%
2 Gazprombank 6524m 1 7.3%
3 Sberbank 6524m 1 7.3%
4 Sumitomo Mitsui Banking Corporation (SMBC) 5000m 31 5.6%
5 Mitsubishi UFJ Financial Group (MUFG) 4723m 30 5.3%
6 HSBC 4187m 34 4.7%
7 Mizuho 3833m 21 4.3%
8 ING Bank 3644m 48 4.1%
9 Citi 3124m 22 3.5%
10 Credit Agricole Corporate and Investment Bank 2896m 24 3.2%

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