Energy
PPP Reforms in Peru Raise Fresh Concerns Around Funding Sources
As some praise the new public-private partnership (PPP) reforms carried out by the centre-right government of Pedro Kuczynski, others question the impact they may have on construction companies’ abilities to secure financing.
5 May 2017
GCC Fiscal Break-Even Oil Prices Show Some Adjustment, But Balanced Budgets Are a Way Off
Spending cuts, non-oil revenue measures and falling subsidy bills have all contributed to falling fiscal break-even prices. However, only Kuwait, Abu Dhabi and Qatar are somewhat more comfortable at current oil price levels, taking investment income from their large wealth funds into account. Break-even prices are slated to remain high in Bahrain, Oman and Saudi Arabia even after recent…
27 Apr 2017
Peru’s Infrastructure: Life after Odebrecht
As the Odebrecht scandal continues to cause chaos in Latin America, Peru must find an effective way to revamp its paralyzed infrastructure projects.
21 Apr 2017
Oman Shipping Company CFO Charts Course for Successful Financial Management During a Downturn
Managing the financing strategy of a large commodity-linked enterprise like Oman Shipping Company is challenging enough during the best of times. We speak with Venugopal Venkatesh, CFO at Oman Shipping Company about one of the company’s recent landmark transactions, and about how he would advise other CFOs managing their treasury strategies during an economic downturn.
7 Apr 2017
CASE STUDY: Crescent Capital Cleans Up with Well-Structured Acquisition Finance Facility
Crescent Capital was able to secure a unique project finance facility within the Turkish markets with a mezzanine facility structured as a Murabaha commodity purchase tranche, achieving a long tenor, an uncommon feature in this market, and structured as a true non-recourse facility.
7 Mar 2017
CASE STUDY: Amandi Energy Goes Non-ECA Route on IPP Deal
The Amandi Energy Project was the only large scale base-load independent power generation project in sub-Saharan Africa to achieve financial close in 2016 and a strategically important project for the development of the country’s energy sector.
1 Mar 2017
Saudi Arabia’s US$50bn First Step Towards Sustainable Energy
The Saudi royal family has been vocal about its plans to diversify the country’s economy for years. As internal energy demand rises sharply, the multibillion tender for a series of solar and wind projects marks one of the first concrete steps taken by the Kingdom towards sustainability.
24 Feb 2017
Sustainability Drive Sparks Green Bond Interest Across South, Central America
Sustainable energy and infrastructure projects across South and Central America are attracting attention from investors, but the outlook is challenged due to a lack of awareness on the ground.
27 Jan 2017
CASE STUDY: Fibria Breaks Ground with Well-Timed Green Bond
Fibria, the world’s largest producer of eucalyptus pulp, got the timing just right when it priced a US$700mn senior unsecured green bond in January 2017, halving the company’s new issue premium and cementing its position as a leading sustainable finance practitioner in Brazil.
20 Jan 2017
Andean Markets: An Outlook for 2017
Divisive politics and persistently low energy prices will cast a pall over the entire Andean region in 2017, even while each country within the region represents a unique storyline for investors. The lack of political unity in each Andean market is further challenged by a global environment that has turned hostile with rising interest rates, depressed commodity prices and anti-trade rhetoric…
11 Jan 2017