Perspectives - Proximo
Perspectives

DeepDive reports on the topics that matter to you. Surveys and data reports that tackle market challenges and trends.

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Results found: 201

05 October 2018
in
MFI/DFI, PPP/P3, Transport

M25 refinancing: A choice decision?

The M25 motorway refinancing earlier this year was the UK’s largest since the Intercity Express deal in 2015. However, was the public bond market the right route given...

12 September 2018
in
MFI/DFI, Renewables

Bujagali Energy: An unlikely DFI debt rollover template

In July, Sithe and IPS refinanced the Bujagali hydro project to deliver a cheaper power tariff to the Ugandan government. The process – a rare refinancing for DFIs – also...

30 August 2018
in
ECA, MFI/DFI, Oil & gas, Power

LNG-to-power: Turning up Bangladesh’s power supply

Bangladesh’s DFI-backed LNG-to-power project financings are the government's answer to depleting domestic gas reserves and fast-growing power needs. But, the integrated...

27 August 2018
in
ECA, MFI/DFI, Oil & gas

Southern Gas Corridor: The funding tap that keeps on giving

Despite Moody’s rating downgrade for the $41.5 billion Southern Gas Corridor in 2017 amid ongoing concerns over Azerbaijan’s creditworthiness and politics, the scheme has...

21 August 2018
in
ECA, Mining

Multi-sourcing: Latin miners shop around for debt

Improved metals pricing is incentivising miners in Latin America to take mothballed projects back into development. But environmental opposition, labour disputes and...

06 August 2018
in
Oil & gas, Renewables, Transport

Bayfront Infrastructure: Project CLOs old school style

Singapore’s Clifford Capital has closed its first securitisation, and is preparing a second, in a bid to establish an infrastructure CLO franchise. Backed by loans from...

27 July 2018
in
ECA, Mining

Fruta del Norte: Lundin Gold’s multi-sourced debt debut

Ecuador’s rehabilitation in financing markets begins with a complex deal for Lundin Gold’s Fruta del Norte mine. The financing combines a stream, a prepay, commercial PRI...

25 July 2018
in
Infra funds, Transport

UK rolling stock financing: Are institutional debt providers being realistic about the risks?

Coextensive with an influx of new rolling stock lessors into the UK rail market, institutional debt providers are lending for 20-plus years to fund UK rolling stock...

17 July 2018
in
PPP/P3, Telecoms & communications

KentuckyWired: Testing the line for appropriations risk

A near-death experience for Kentucky's debut US broadband PPP due to rising costs highlights the pitfalls to sponsors of states’ budgeting processes. But PPPs for US...

19 June 2018
in
PPP/P3, Transport

LAX People Mover: Bringing private investment into US airports

The private activity bond for a new light rail facility at Los Angeles International Airport (LAX) finds a role for a bond insurer, and a role for PPP in developing...

12 June 2018
in
Infra funds

Paradise gained: MPC Capital’s second-mover advantage

Having just reached financial close on a DFI-backed deal for the Paradise Park solar project in Jamaica, German asset manager MPC is carving itself a reputation as an...

07 June 2018
in
PPP/P3

Argentinean PPP: Investors stay focused

Despite Argentina's recent FX troubles, investor appetite for its new $26 billion PPP programme remains strong – in part because investors are taking a long term view,...

05 June 2018
in
ECA

Change of clothing: Can ECAs become champions of sustainability?

The ICC has established a working group aimed at fostering a greater sustainable development agenda in export finance. Is it just tinkering? And does it have any chance...

31 May 2018
in
ECA, Oil & gas

Freeport train 3: Refinancing to avoid Toshiba's nuclear fallout

The holding company refinancing for Freeport LNG train 3 shows that banks have not soured on US LNG. But troubled offtakers may force sponsors down less palatable...

29 May 2018
in
PPP/P3, Power, Social infrastructure

Hyflux: Turning its back on power – but is it too late?

An expensive and unsuccessful gamble on Singapore’s deregulated power market has forced water project developer Hyflux into a painful restructuring. It may also have put...

21 May 2018
in
ECA, MFI/DFI, Oil & gas, Power

Sergipe: Real progress on local currency project bonds

Is the local currency bank-bond financing for CELSE’s LNG-to-power project an easily repeatable template that will make ECA bond wraps take off? Almost.

18 May 2018
in
ECA, MFI/DFI, Petrochemicals

Shop Talk: Egypt's petrochemical promise

A serial user of ECA and DFI debt, Carbon Holdings CEO Basil El-Baz expects to reach financial close on the $10.8 billion Tahrir Petrochemicals project by the end of the...

27 April 2018
in
Power

Cometa Energia: Actis learns a lesson in Mexican energy reform

The bond refinancing of Actis’ acquisition of InterGen Mexico was pitched as a safe play in Mexico’s evolving energy sector. But reform, politics, and the assets’ age,...

25 April 2018
in
Renewables

DEWA IV: CSP on a new scale

Sponsors of the $3.9 billion 700MW CSP solar project in Dubai – ACWA Power and Shanghai Electric – are near to signing the project debt backing the world’s largest...

20 April 2018
in
MFI/DFI, Renewables

PRICO Solar: Giving Gaza another go

The DFI-backed debt for the 7MW PRICO rooftop solar project – only the second power project financing to close in Palestine – is still going to be disbursed despite fresh...