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Projects & Infrastructure

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

CASE STUDY: Turkcell Secures Hat-Trick of Currencies in CDB Loan Refinancing

Turkcell, a leading Turkish phone operator, and the China Development Bank (CDB) signed a multi-jurisdictional loan restructuring facility featuring a rare RMB-denominated tranche in a multi-currency 10-year deal.

6 Nov 2018

Winston & Strawn LLP Sees an Opening in Arbitration, Litigation Space across Latin America

As the Odebrecht ordeal and numerous other corruption scandals continued to devastate governments and ravage large corporates in the continent’s biggest economies, from Brazil to Argentina to Peru, international law firms have been seizing the opportunity to bring their litigation expertise and conflict-resolution know-how to the table. We speak to Julissa Reynoso, the former US Ambassador to…

31 Oct 2018

CASE STUDY: Unique USD175mn Bond/Loan Hybrid Draws US Long Money to Peru’s Cajamarca Project

With the aid of Natixis, which helped set up the innovative hybrid structure, the Peruvian transmission line project was able to attract long-money foreign investors, including major US pension funds.

24 Oct 2018

SWOT Analysis of Colombia’s Credit Markets

Bonds & Loans team spent some time on the ground in Colombia to meet with a broad range of local finance leaders in order to get a sense of the risks and opportunities on the horizon in the Andean country.

18 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

Franklin Templeton Sees Strong Project Finance Pipeline in GCC

Franklin Templeton’s Senior Research Analyst Franck Nowak concedes that some optimism has faded over the past quarter, especially as Fed hikes look inevitable and EM jitters have settled in, but underscores the fact that GCC bonds are performing still well and project finance is expected to drive the deal pipeline for the region in 2018.

28 Sep 2018

CASE STUDY: ACWA Power Teams Up with ICBC on Egypt’s Benban USD185mn Structured Loan

In a deal that involves an amortizing loan with debt and equity tranches on a non-recourse project finance basis, the Saudi Arabia-based developer broke new ground by achieving an 18-year tenor, raising USD financing with an EGP-denominated tariff and bringing in a Chinese commercial bank.

26 Sep 2018

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