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Infrastructure

SWPC, Metito-Led Consortium Closes USD245mn Funding for KSA’s First Independent Sewage Treatment Plant

Saudi Water Partnership Company (SWPC) and a consortium led by the Metito Group reached financial close this week on a USD245mn independent sewage water treatment plant (ISTP), the first of its kind in Saudi Arabia.

5 Jun 2020

Bips & Pieces Middle East Infrastructure

Mexico’s Cemex Readies USD1bn Bond Issuance as Construction Outlook Weakens

Mexico-based Cemex plans to sell USD1bn in senior secured notes to international investors this week, the company said.

3 Jun 2020

Nigeria Opens Subscriptions for NGN150bn Sukuk as Shift to Local Market Funding Accelerates

Nigeria’s debt management office (DMO) has opened the book on a NGN150bn (approx. USD385mn) sukuk, part of the government’s wider efforts to shift back to domestic markets for funding in a bid to help relieve pressure on foreign currency reserves.

22 May 2020

New Binladin CEO Moves Ahead with USD15bn Restructuring – Report

Binladin International Holding Group is said to be moving ahead with an ambitious USD15bn debt restructuring that once complete could pave the way for its return to the forefront of the Saudi construction sector.

27 Apr 2020

Mexican Government Announces 17 New Real Estate Projects, Raising Questions About Timing

As a pandemic-induced lockdown looms, Mexico City government finally approved the construction of 17 real estate projects, but is it too little too late for the country's real estate sector?

2 Apr 2020

Interview: Fermaca CFO on Funding Plans and Opportunities in Mexico’s Infrastructure Sector (Spanish)

Fermaca is a leading operator of gas infrastructure in Mexico, which builds, owns and operates pipelines and other related energy assets in the country. Daniel Elguea, Chief Financial Officer of Fermaca, discusses the company’s performance in 2019, the Treasury’s objectives for 2020 the outlook for the infrastructure sector in Mexico.

24 Mar 2020

Emerging Economies to see Boom in Off-Grid Renewables – Wood Mackenzie

Enormous strides have been made towards developing effective and affordable ways of generating power over the past decade, with technological innovation enhancing the viability of off-grid solutions. For emerging economies, a boom in off-grid energy will likely enhance access to swathes of the population, argues Wood Mackenzie. For state utilities, however, off-grid solutions could be…

18 Mar 2020

Debt Capital Markets Are Crucial to Success of Saudi Vision 2030, but Some Bankers Say it's Underutilised

Vision 2030, Saudi Arabia’s ambitious plan to transform the economy and diversify away from oil production, has seen the country develop the largest project pipeline in the region. But the government’s apparent reluctance to raise funds through the debt capital markets risks undermining Vision 2030, according senior investment bankers based in the region.

18 Mar 2020

Kenya Roads Board Bond ‘Potential Game Changer in Domestic Debt Investment’ – Sterling Capital

Kenya Roads Board (KRB) is set to issue a KES150bn bond on an annual basis over the next five years. The proceeds of the bond will be used to finance infrastructure development.

11 Mar 2020

ESG In Infrastructure: Building a Sustainable Future for Latin America

Sustainability is becoming a crucial consideration in the development of infrastructure across the globe, particularly in Latin America – which is facing one of the biggest infrastructure gaps in the emerging world while also remaining exceedingly vulnerable to the effects of climate change. The region’s top investors and developers explored the nexus of sustainable investing, project…

10 Mar 2020

Saudi Construction Sector to Grow 1.4% this year, Average 3.2% Annually to 2029

Saudi Arabia’s construction sector is forecast to grow 1.4% in 2020 and 2.1% in 2021, Fitch Solutions said in a report published this week.

6 Mar 2020

SWOT: KSA Dominates GCC Infrastructure Pipeline Despite Lack of Mega-Project Expertise among Local Developers

Bonds & Loans examines the strengths, weaknesses, opportunities and threats across the GCC projects and infrastructure space on the back of the latest Project, ECA & Structured Finance Saudi Arabia conference.

3 Mar 2020

Ferroport Debt Refinanced with Alternative Payment Schedules and “Funky” Use of Collateral

Ferroport’s USD350 million project bond issuance and Brazilian debenture bridge financing included very innovative uses of flexible payment profiles and cash escrow accounts. It was also rare 144z/RegS single-offtaker deal, carried out in a jurisdiction that is typically quite challenging for project financings.

22 Jan 2020

Green Funding tops USD255mn for 2019 – but Beyond China, EMs Still a Small Slice of the Pie

Certified green funding volumes – including both bonds and loans – came in at USD254.9bn for 2019, according to new research from the Climate Bonds Initiative, a 50% rise on 2018 volumes. But outside China, emerging markets still see fairly low issuance of green or sustainability-linked instruments.

20 Jan 2020

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