Energy
Outlook Bright for Loan Financing in Chile’s Renewables Sector
Chile has been one of the major success stories in Latin America over the past decade. As the economy slowed in the past year amid the commodities slump, the Chilean government is looking to attract local and foreign capital to finance an ambitious programme of sustainable energy projects across the country. The country is well positioned to succeed in this endeavour, analysts believe.
11 Jan 2017
Doubts Cast Over Rosneft Deal as Banco Intesa Denies Funding Role
The Russian oil giant’s initial announcement of a privatization deal involving Swiss oil giant Glencore and the Qatari Investment Authority was deemed a huge success for CEO Igor Sechin and the Kremlin. But contradictory statements that followed from various participants in the deal and the generally opaque nature of the transaction left behind a lot of loose threads.
22 Dec 2016
CASE STUDY: Gazprom Goes Low with €1bn 7-Year Eurobond
Russian oil producer Gazprom managed to price its €1bn 7-year trade through its secondary curve and secure the lowest coupon on any Russian corporate Eurobond placed in either euros or US dollars to date.
16 Dec 2016
CASE STUDY: Gama Enerji Appeals to International Investors with US$132mn HEPP Privatisation
Gama Enerji secured US$132mn to acquire the Karacaören I and II hydroelectric power plants (HEPP) from the Turkish Privatisation Administration, securing one of the longest tenors for a facility of its kind in Turkey.
15 Dec 2016
Pemex Issues US$5.5bn to Join Queue of Energy Firms Tapping Debt Markets
Mexico oil giant’s multibillion dollar issuance on the back of rising oil prices follows a joint Trion oil field exploration deal with BHP Billiton and the country’s successful deep-water oil auction. Are we seeing first signs of the country’s economic recovery?
8 Dec 2016
CASE STUDY: Financing the Largest Single Tendered IPP in Oman
Despite the economic downturn in Oman, Mitsui & Co, ACWA Power and Dhofar International Development and Investment Holding Corporation (DIDIC) were able to secure a US$1.375bn dual-currency non-recourse project financing package at competitive prices for the largest single tendered IPP in the country to date.
7 Dec 2016
Urals Traded on SPIMEX as Russia Seeks “Fairer” Price
As Russia finally launches its very own “oil market” – the St. Petersburg International Mercantile Exchange – market observers are still sceptical about its potential to attract traders to rouble-denominated contracts.
1 Dec 2016
As Rosneft Agrees US$16bn Bond Programme, Memories of 2014 Deal Rehashed
The Russian oil giant hopes to tap the local markets with 10-year bonds, with proceeds going towards refinancing old debt and foreign ventures as it continues to ramp up production. But one can’t help get a sense of déjà vu.
25 Nov 2016
EM Green Bond issuance to be Unaffected by Trump
Few sectors are facing greater uncertainty from the election of Donald Trump as the new US president than green energy and renewables, but experts are sceptical that the self-confessed climate change denier could actually derail the global drive towards sustainability and stifle the rise of green finance, particularly across EM.
14 Nov 2016
Trade finance gains traction in MENA
Low revenues from depressed oil prices will drive trade finance and pre-export finance across the MENA region. This will be particularly prominent in the energy and natural resources sector due to the large sums required by companies operating in this space.
6 Oct 2016