Energy
Ecuador: Past Borrowing Limits Future Financing Options
Following its bold return to the debt markets in 2014, Ecuador has leaned heavily on external credit to meet its monetary and financing needs. Yet its options appear to be increasingly limited, with the prospect of a more aggressive deficit reduction programme or an IMF bailout becoming more likely by the day.
18 Dec 2018
CASE STUDY: Enel Gives Wind to First Project Financing in South Africa’s Local Renewables Market
Nedbank and ABSA Bank were instrumental in helping Enel’s Green Power Division secure ZAR14bn financing for 5 wind farm projects across the country, enhancing the deal with innovative features including a tailored shareholder structure and cross-collateralization between the sub-portfolios.
10 Dec 2018
MEGA in MENA: Large-Scale Infrastructure Pipeline Deepens and Broadens as PPP Rules Gather Pace
The GCC is rarely known for doing anything in half-measures, and infrastructure projects – which have grown in number and size in recent years – are no exception.
4 Dec 2018
Political Volatility Breaks Wave of M&As in Latin America
The first half of 2018 has seen a record-breaking volume of corporate consolidation across the globe, and Latin America has become a prominent setting for such activity. The latest slowdown in M&A activity is thought to be stemming from the peak of elections-related volatility, from Mexico to Brazil, and most expect business to continue as usual once the dust settles.
15 Nov 2018
Beyond 2030: Diversification, Corporate Transformation and Funding in the UAE
The United Arab Emirates among other GCC nations has set its sights on the cultivation of a well-diversified, mature economy built on strong, sustainable, globally-integrated businesses. For many borrowers looking to get in front of the trend, the shift will entail a radical transformation in corporate culture and approach to funding.
13 Nov 2018
Political Certainty, Sound Economics to Propel LatAm Infrastructure Opportunity Forward
As a region often faced with political and currency volatility – this year more than others in recent time, perhaps – Latin America has seen impressive growth in the volume and range of investment opportunities across the region’s infrastructure landscape.
9 Nov 2018
Oil Market – Recent Trends and Outlook
Oil prices continue to stay elevated above the USD 80/b mark, the highest level in the last four years, led by tightening supplies in the global oil market. Supply-side factors once again continue to sway oil prices as it did in 2014 when crude prices started declining as US shale players pumped oil unabated.
8 Nov 2018
Acciona Energy Targets 2000MW Capacity in Mexico and Central America Within 3 Years
Miguel Rubio, Country Manager, for Acciona Energy, a subsidiary of the Spanish renewable project developer Acciona, talks to Bonds & Loans about the company’s joint venture with Tuto Energy following their landmark USD264mn 18-year project finance deal, solar energy production growth, and strategic initiatives in Mexico and beyond.
15 Oct 2018
Fitch Ratings: ‘Nigeria growth outlook strong despite looming election’
Nigeria’s economy recorded better than expected private sector credit growth in the third quarter of this year, with more borrowers funnelling the proceeds towards CAPEX-related activities – despite next year’s federal election looming. We speak with Jan Friederich, a senior director at Fitch Ratings about lingering risks in the country.
4 Oct 2018
ADNOC CIO on Capital Efficiency, Investment Strategy and Downstream Growth
Abu Dhabi National Oil Company (ADNOC) has over the past year inked a number of landmark – and in some cases pioneering – transactions, part of a bold new strategy aimed at expanding and enhancing the company’s global position. We speak with one of the architects of the funding strategy behind it, Michele Fiorentino, Chief Investment Officer at ADNOC.
3 Oct 2018