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Al Dur 2: A Saudi nightmare on ECA street
Al Dur 2: A Saudi nightmare on ECA street
Max Thompson
13 August 2019

The $1.5 billion Al Dur 2 independent water and power project (IWPP) financing achieved a record length tenor for an uncovered local bank tranche, an indirect benefit of ECA support. But according to sources close to the deal, Saudi Exim’s direct loan debut proved a ‘nightmare’ to structure.

TXF Originals

Kazak healthcare EoIs due for advisory role
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The deadline for expressions of interest (EoIs) from prospective advisers to assist Kazakhstan’s Ministry of Healthcare on the priority project ...

Meridiam wins Welsh schools MIM
7 July 2020

Meridiam has been selected as the private sector delivery partner in a £500 million mutual investment model (MIM) concession that forms part of ...

DEWA invites final bids for Hassyan water reservoirs
3 July 2020

Dubai Electric & Water Authority (DEWA) has set a deadline of 12 August for prospective developers to submit bids for the construction of water re...

Ashghal extends bid date for STPs
29 June 2020

The Public Works Authority of Qatar (Ashghal) has again pushed the final bid date for the Al Wakrah and Al Wukair sewage treatment plant (STP) scheme ...

Finland's Espoo Schools PPP project debt priced
15 June 2020

On 9 June the Espoo Schools PPP project financing in Finland reached financial close on an up to €170 million ($184.2m) DFI-backed loan to fund t...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.8%
2 BNP Paribas 4662m 24 7.5%
3 Société Générale 3670m 21 5.9%
4 ING Bank 3181m 30 5.1%
5 MUFG Bank 2837m 18 4.6%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2517m 15 4%
7 Credit Agricole CIB 2444m 15 3.9%
8 Mizuho 2405m 15 3.9%
9 HSBC 2019m 13 3.2%
10 UniCredit 1868m 13 3%

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