Dealogic Global Project Finance Rev-2009

8/13/2019 Dealogic Global Project Finance Rev-2009

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Final Results January 11, 2010For Immediate Release

PRESS INFORMATION

Global Project Finance ReviewFull Year 2009

Media Contacts:

Natalie Cogan, New YorkTel: +1 212 577 4486

[email protected]

Shireen Farhana, LondonTel: +44 20 7440 [email protected]

Jennifer Cheung, Hong KongTel: +852 2804 [email protected]

Content:

Regional Analysis .......................... 2Global Volume Analysis .................. 3Sector Analysis ............................. 4PFI / PPP ...................................... 5Top 10 Project Finance Deals .......... 6Project Finance - Rankings ............. 7Dealogic Coverage & Criteria ........ 11Contacts: ................................... 12

Global Project Finance Volume Down 9% to $292.5bnAsian Volume up 57% to Record $104.0bn

State Bank of India Topped Mandated Arranger RankingState Bank of India and Latham & Watkins Led Adviser Rankings

Global Project Financevolume reached $292.5bn in 2009, the second highest total on record despite the factthat volume dropped 9% compared with the $320.9bn raised in 2008.

The largest deal to close in 2009 was the $18.0bn Papua New Guinea LNG project. Financing comprised$14.0bn debt and $4.0bn equity.

Western European project finance volume reached $54.3bn via 265 projects during 2009, down 35% from 2008and the lowest level since 2004.

Asianvolume reached $104.0bn in 2009, an increase of 57% on 2008 and the highest annual volume on record,driven by India which led the global nationality ranking with $54.4bn.

Project finance loan volume fell 6% to $223.9bn in 2009, while bond volume increased 96% to $12.5bn,compared with $6.4bn in 2008. Debt financing accounted for 81% of total project finance volume in 2009, withequityvolumes accounting for 19% down from 24% in 2008

Energycontinued as the leading sector and accounted for 36% of global project finance volume in 2009, up from35% in 2008, despite volume dropping 5% to $106.5bn.

GlobalPFI/PPPvolume fell 18% to $55.5bn in 2009 compared with a record $67.8bn in 2008.

State Bank of India ledthe mandated arranger ranking with $27.0bn from 51 deals. Calyon and IDBI Bankfollowed with $6.9bn and $6.5bn respectively.

Credit Suisse led the bond bookrunner ranking with $2.1bn from five projects, followed by Citi andHSBCwith$815m and $743m respectively.Advising 34 projects worth $32.8bn, State Bank of Indialed the financial adviser table. SG CIB andMacquarieGroup followed with $20.3bn and $11.2bn respectively.Latham & Watkinsled the legal adviser ranking with $15.8bn via 37 deals while Allen & Overy ranked second

with $12.5bn via 55 deals.
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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Dealogic Global Project Finance Review Full Year 2009 January 11, 2010 Page 2

North America$31.2bn (93 deals)

-16%

Asia$104.0bn (160

deals 57%

Australasia$16.8bn (47 deals)

-21%

Latin Am/Caribbean$34.2bn (67 deals)

15%

Middle East/Africa$39.7bn (63 deals)

-28%

Western Europe$54.3bn (265 deals)

-35%

Eastern Europe$10.8bn (16 deals)

-61%

Project Finance Volume by Region

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% growth

N.America W.Europe

Asia Middle East/Africa

Others Global year-on-year growth

Regional Analysis

Rank NationalityValue

(US $m)Deals

% Change(2008)

1 India 54,419 81 189%

2 United States 27,480 76 -14%

3 Brazil 23,744 40 412%

4 Papua New Guinea 18,156 2 2941%

5 Spain 17,655 101 -24%

6 Australia 16,790 47 -20%

7 United Kingdom 12,493 57 -22%

8 Qatar 9,183 6 37%

9 China 8,894 10 13%

10 Italy 7,073 34 -17%

11 Indonesia 6,678 21 51%

12 Singapore 6,527 4 -6%

13 Germany 6,218 9 12%

14 UAE 5,721 9 79%

15 South Korea 5,480 16 -3%

Total 292,454 712 -9%

Asian project finance bucked the global trend in 2009 withvolume up 57% on 2008to reach a record $104.0bn, the highest volume of any region

o Indiawas the leading nation globally and accounted for three of the worldstop 10 projects in 2009. Volume was up 189% to reach $54.4bn via 81projects

Western and Eastern European project finance saw the largest declines of anyregion, down 35% and 61% to $54.3bn and $10.8bn respectively. 2009represented the lowest annual volume for Western Europe since 2004

o Germany bucked the trend with volume up 12% on 2008 to reach $6.2bnNorth Americanvolume reached just $31.2bn via 93 projects in 2009, down 16%on 2008 and the lowest annual volume since 2005

Middle East and African volume fell 28% to $39.7bn in 2009 compared to$54.8bn in 2008

Brazil accounted for two of the top four largest projects in 2009, while Papua NewGuinea claimed the largest deal with its $18bn LNG project


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Global Volume Analysis

Global Project Financevolume reached $292.5bn in 2009, the secondhighest total on record despite the fact that volume dropped 9%

compared with the $320.9bn raised in 2008

Global project finance volume reached $86.3bn in 4Q 2009, a 50%increase from 4Q 2008

The Asia Pacificregion accounted for a 41% majority of global volumein 2009, compared to just 27% in 2008. EMEAsaw its share fall from52% in 2008 to just 36% in 2009, while the Americasregion grew itsshare slightly to 22% from 21% in 2008

Project finance loan volume reached $223.9bn in 2009, down 6% on2008 but still the second highest annual total on record

Bond financing saw the opposite trend as volume increasedconsiderably to $12.5bn in 2009, up 96% compared with $6.4bn in 2008

Equityfinancing fell to $56.1bn in 2009, down 27% compared to therecord $76.6bn seen in 2008

The proportion of project finance volume funded by debtwas 81% in

2009, with equity making up the remaining 19%. This compares to76% debt and 24% equity in 2008

Global PPP/PFIvolume reached $55.5bn in 2009, down 18% comparedto the record $67.8bn seen in 2008

PFI volume accounted for 19% of total project finance volume in 2009,down from 21% in 2008 and the lowest proportion since 2002

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#$bnGlobal Project Finance

Loan Bond Equity # of projects

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$bnGlobal PFI Project Finance

PFI volume Non-PFI volume PFI as % of total volume


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Sector Analysis

Sector Breakdown 2009

(2008)

Mining2% (2%)

Oil & Gas

22% (24%)

Infrastructure

28% (26%)

Energy/power

36% (35%)

Industrial

3% (3%)

Petrochemical

3% (9%)

Telecom6% (1%)

Sector Volume

-

20

40

60

80

100

120

2004 2005 2006 2007 2008 2009

$bn

Energy/power Infrastructure Oil & Gas Petrochemical

Industrial Mining Telecom

Energy continued to be the leading sector in 2009 and accounted for36% of global project finance, up from 35% in 2008, despite volume

dropping 5% to $106.5bn

o 4Q 2009 volume was $27.0bn, an increase of 34% compared with4Q 2008

o Within the energy sector Renewable Fuel was the only sub-sector to record an increase in volume, up 7% on 2008. Powerremained flat on the previous year and wind farms fell 28%

o The largest energy sector deal for 4Q 2009 came from the UAE Shuweihat II IWPP Project ($2.7bn). This helped push theMiddle East and North Africaenergy sector volume to $12.3bnin 2009, up 41% on 2008

o Western Europe accounted for the largest number of projectswith 127 deals worth $18.7bn in 2009. India accounted for thelargest volume in this sector with 32 deals worth $22bn in 2009

The Infrastructure sector ranked second with $81.3bn. Thisrepresented a 4% fall in volume compared to 2008

o Within this sector Road projects totaled $32.3bn and accountedfor 40% of volume

o Airport ranked second in terms of volume within theinfrastructure sector with $10.4bn. The Gatwick AirportAcquisition ($3.2bn), Canberra Airport refinancing ($174m)and Melbourne Refinancing 5 ($132m) were the only threeprojects within this sub-sector to reach financial close in 4Q 2009

Both theMining and Telecomsectors bucked the overall trend and sawa rise in volume against 2008 to reach $6.1bn and $17.1bn respectively

Despite recording a 17% drop in volume the Oil & Gas sector includedthe Papua New Guinea LNGproject ($18.0bn), the largest project toreach financial close in 2009


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Private Finance Initiatives / Public Private Partnerships

PFI/PPP Regional Breakdown

0

10

20

30

40

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60

70

80

2004 2005 2006 2007 2008 2009

$bn

Western Europe Indian Sub-continent Australasia

Nor th Amer ica Others

PFI/PPP Sub-Sector Breakdown

0 5 10 15 20 25

Education

Hospital

Road

Tunnel

Urban railway

Waste

Water and sewerage

$bn

2008 2009

PFI/PPPexperienced the lowest annual volume since 2006 with volumefalling 18% to $55.5bn in 2009, compared with $67.8bn in 2008

o Despite a 44% fall in volume, Western Europe remained thedominant region for PFI/PPP projects, accounting for 32% ofvolume with 105 projects worth $17.7bn

o TheUK led Western Europe with 52 deals at $8.2bn. Portugalfollowed with $3.4bn via 11 deals

o 20% of all global PFI/PPP volume was done in the Indian Sub-continent, with 20 deals closing for $11.1bn, the largest recordedannual PFI/PPP volume for the region

PFI/PPP volume reached $12.9bn in 4Q 2009, up 9% compared to$11.9bn in 4Q 2008

Water and Sewerage PFI/PPP projects saw the biggest increase involume in 2009, reaching $6.0bn from 10 deals. $5.1bn of this volumecame from one project the Victorian Desalination Plant

o The Victorian Desalination Plant in Australia was the largestPFI/PPP of the year and was one of only twelve projects above$1.0bn in all sectors to reach financial close in 2009

Road projects, at $22.4bn, continued to dominate and accounted for a40% share of PFI/PPP volume, despite volume falling 4% compared to2008

Education recorded the largest number of deals at 40. The largestproject in the sector to reach financial close in 2009 was the ZayedUniversity PPP Projectat $1.2bn


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Global Top 10 Project Finance Deals

Borrower Name Project NameValue($m)

Country Sector Financial Close

Papua New Guinea Liquefied NaturalGas Global Co LDC

Papua New Guinea LNG 18,000 Papua New GuineaOil Refinery/LNG and LPGPlants

15-Dec-09

Santo Antonio Energia Santo Antonio Hydroelectric Plant 5,693 Brazil Renewable fuel 11-Mar-09

Indian Oil Corp Ltd IOC Paradip Refinery 5,545 IndiaOil Refinery/LNG and LPGPlants

14-May-09

Consortium Energia Sustentavel doBrasil

Jirau Hydroelectric Plant 5,428 Brazil Renewable fuel 30-Jun-09

China Power Investment Corp Haiyang Nuclear Power Plant 5,317 China Power 30-Jun-09

AquaSure Finance Pty Ltd Victorian Desalination Plant 5,105 Australia Water and sewerage 01-Sep-09

Berlin Brandenburg Flughafen HoldingGmbH

Berlin Brandenburg Airport 3,975 Germany Airport 30-Jun-09

Sasan Power Ltd Sasan Ultra Mega Power Project 3,836 India Power 21-Apr-09

Vodafone Essar Gujarat LtdVodafone Essar Seven Circles GSMNetwork Rollout

3,307 India Telecom 23-Apr-09

Ras Laffan Liquefied Natural Gas Co Ltd3 - RasGas 3

RasGas II & III LNG Expansion - Phase IIIFunding

3,185 QatarOil Refinery/LNG and LPGPlants

23-Jul-09


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Project Finance - Rankings & VolumeFinal Results

Global Project Finance Loans Global PFI/PPP Project Finance Loans

Mandated Lead Arranger Value $m Deals

%

Share 2008 Mandated Lead Arranger Value $m Deals

%

Share 2008

1 State Bank of India 26,987 51 14.1 3 1 State Bank of India 5,091 10 13.2 6

2 Calyon 6,922 84 3.6 7 2 Korea Development Bank 2,860 10 7.4 2

3 IDBI Bank 6,500 15 3.4 31 3 National Australia Bank 1,815 14 4.7 57

4 BNP Paribas 6,034 72 3.1 1 4 IDBI Bank 1,782 5 4.6 41

5 Santander 5,930 87 3.1 11 5 Santander 1,408 23 3.6 8

6Industrial & Commercial Bank ofChina

4,358 6 2.3 19 6 BBVA 1,395 20 3.6 9

7 SG CIB 4,348 55 2.3 14 7 Calyon 1,392 15 3.6 15

8 Mitsubishi UFJ Financial Group 4,258 57 2.2 5 8 Westpac Banking Corp 1,300 4 3.4 -

9 China Development Bank Corp 3,954 6 2.1 228 9 Caixa Geral de Depositos 1,062 10 2.7 13

10 Sumitomo Mitsui Banking Corp 3,854 44 2.0 9 10 Sumitomo Mitsui Banking Corp 927 13 2.4 11

North American Project Finance Loans European Project Finance Loans

Mandated Lead Arranger Value $m Deals%

Share2008 Mandated Lead Arranger Value $m Deals

%Share

2008

1 Mitsubishi UFJ Financial Group 1,227 22 7.1 3 1 Santander 3,604 60 7.9 4

2 HSH Nordbank 1,154 7 6.7 1 2 BBVA 2,228 44 4.9 5

3 Calyon 846 12 4.9 16 3 UniCredit 1,794 21 3.9 12

4 WestLB 829 11 4.8 6 4 SG CIB 1,679 27 3.7 16

5 Credit Suisse 807 7 4.7 5 5 Calyon 1,579 23 3.5 14

6 BNP Paribas 791 12 4.6 2 6 BNP Paribas 1,577 24 3.5 3

7 SG CIB 612 8 3.5 15 7 Sumitomo Mitsui Banking Corp 1,395 17 3.1 15

8 Barclays 585 4 3.4 33 8 Caixa Geral de Depositos 1,388 14 3.0 7

9 RBS 564 5 3.3 11 9 Caja Madrid 1,317 33 2.9 8

10 Dexia 495 13 2.9 9 10 La Caixa 1,252 29 2.7 17


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Middle East & African Project Finance Loans Latin American & Caribbean Project Finance Loans



%Share

2008

1 Standard Chartered 1,586 17 6.3 8 1 Banco Itau 2,836 19 16.5 11

2 BNP Paribas 1,542 16 6.1 1 2 Santander 1,786 18 10.4 1

3 Calyon 1,450 15 5.7 5 3 Banco Bradesco 1,635 7 9.5 25

4 HSBC 1,376 10 5.4 3 4 Banco do Brasil 1,507 7 8.8 25

5 RBS 969 8 3.8 2 5 Banco do Nordeste do Brasil 1,033 6 6.0 -

6 Standard Bank 941 9 3.7 33 6 Caixa Economica Federal 739 1 4.3 -

7 Al-Rajhi Banking & Investment Corp 913 3 3.6 4 7 Calyon 683 10 4.0 3

8 Banque Saudi Fransi 758 3 3.0 30 8 Sumitomo Mitsui Banking Corp 590 6 3.4 6

9 Lloyds Banking Group 721 3 2.8 - 9 BBVA 572 8 3.3 2

10 SG CIB 715 10 2.8 9 10 Mitsubishi UFJ Financial Group 542 7 3.2 9

Asian Project Finance Loans Australasian Project Finance Loans



%Share

2008

1 State Bank of India 26,878 48 38.8 1 1 Westpac Banking Corp 2,391 21 15.1 5

2 IDBI Bank 6,500 15 9.4 7 2 National Australia Bank 2,350 21 14.8 4

3 China Development Bank Corp 3,779 5 5.5 90 3 Commonwealth Bank of Australia 1,663 21 10.5 2

4 Industrial & Commercial Bank of China 3,683 4 5.3 3 4 ANZ 1,418 19 8.9 1

5 Korea Development Bank 3,333 13 4.8 4 5 Calyon 1,023 12 6.4 14

6 Bank of China 2,947 3 4.3 2 6 Mitsubishi UFJ Financial Group 582 8 3.7 22

7 Axis Bank 2,664 14 3.8 52 7 Mizuho 552 4 3.5 31

8 Calyon 1,240 11 1.8 14 8 BNP Paribas 550 5 3.5 6

9 Mizuho 1,125 14 1.6 6 9 Sumitomo Mitsui Banking Corp 522 4 3.3 30

10 BNP Paribas 1,081 7 1.6 8 10 WestLB 443 4 2.8 13


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Arranger of Global Project Finance Loans Provider of Global Project Finance Loans

Arranger Value $m Deals %Share

2008 Provider Value $m Deals %Share

2008

1 State Bank of India 26,987 51 14.0 3 1 State Bank of India 10,228 73 5.3 12

2 Calyon 6,557 84 3.4 9 2 Calyon 5,960 85 3.1 2

3 IDBI Bank 6,500 15 3.4 31 3 Santander 5,921 91 3.1 9

4 BNP Paribas 5,697 76 3.0 1 4 BNP Paribas 5,497 80 2.9 1

5 Santander 5,592 88 2.9 7 5 Mitsubishi UFJ Financial Group 4,455 66 2.3 3

6 SG CIB 4,306 57 2.2 14 6 SG CIB 4,305 58 2.2 13

7Industrial & Commercial Bank ofChina

4,305 7 2.2 18 7 Bank of China 4,114 10 2.1 19

8 Mitsubishi UFJ Financial Group 4,038 58 2.1 5 8 Sumitomo Mitsui Banking Corp 3,529 48 1.8 7

9 China Development Bank Corp 3,929 6 2.0 274 9 BBVA 3,118 62 1.6 4

10 Sumitomo Mitsui Banking Corp 3,761 46 2.0 10 10 National Australia Bank 3,102 35 1.6 28

Bookrunner of Global Project Finance Bonds Sponsor of Global Project Finance Deals

Bookrunner Value $m Deals%

Share2008 Sponsor Value $m Deals

%Share

2008

1 Credit Suisse 2,060 5 18.6 2 1 Republic of India 5,903 2 2.0 -

2 Citigroup 815 2 7.4 5 2 GDF Suez 5,815 15 2.0 15

3 HSBC 743 1 6.7 12 3 Vidarbha Industries Power 5,429 4 1.9 172

4 RBS 704 3 6.4 - 4 China Power Investment 5,317 1 1.8 27

5 Bank of America 658 3 5.9 - 5 Exxon Mobil 5,117 5 1.8 449

6 Deutsche Bank 642 3 5.8 9 6 Odebrecht 5,082 5 1.7 845

7 JPMorgan 550 2 5.0 4 7 Vodafone Group 3,567 4 1.2 -

8 Morgan Stanley 517 2 4.7 - 8 Meridiam Infrastructure Fund 3,408 6 1.2 -

9 Goldman Sachs 400 2 3.6 3 9 Adani Group 3,373 5 1.2 49

=10 Caixa Geral de Depositos 351 1 3.2 - 10 Marubeni Corp 3,323 7 1.1 -

=10 Millennium BCP 351 1 3.2 -

=10 Espirito Santo Financial Group 351 1 3.2 16

=10 BBVA 351 1 3.2 -


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Financial Adviser of Global PFI/PPP Project Finance Deals Financial Adviser of Global Project Finance Deals

Financial Adviser Value $m Deals%

Share2008 Financial Adviser Value $m Deals

%Share

2008

1 Macquarie Group 7,837 8 16.3 3 1 State Bank of India 32,801 34 17.3 3

2 PriceWaterhouseCoopers 3,777 16 7.9 5 2 SG CIB 20,340 8 10.7 11

3 BNP Paribas 3,418 3 7.1 8 3 Macquarie Group 11,226 14 5.9 5

4 Ernst & Young 3,180 28 6.6 2 4 IDBI Bank 7,087 13 3.7 -

5 Korea Development Bank 2,746 6 5.7 10 5 BNP Paribas 6,650 13 3.5 2

6 KPMG 2,429 23 5.1 1 6 RBS 6,638 8 3.5 7

7 IDBI Bank 2,385 5 5.0 - 7 PriceWaterhouseCoopers 6,287 20 3.3 8

8 State Bank of India 2,345 3 4.9 4 8 Ernst & Young 5,885 31 3.1 6

9 Calyon 2,298 3 4.8 33 9 HSBC 5,764 9 3.0 9

10 Power Finance Corp 1,918 1 4.0 - 10 Deutsche Bank 5,529 3 2.9 22

Legal Adviser of Global PFI/PPP Project Finance Deals Legal Adviser of Global Project Finance Deals

Legal Adviser Value $m Deals%

Share2008 Legal Adviser Value $m Deals

%Share

2008

1 Luthra & Luthra 3,270 4 6.0 - 1 Latham & Watkins 15,800 37 6.1 7

2 Allen & Overy 2,088 17 3.8 1 2 Allen & Overy 12,502 55 4.8 2

3 Ashurst 2,009 17 3.7 25 3 India Law Services 11,260 26 4.3 34

4 India Law Services 1,977 8 3.6 12 4 White & Case 9,949 22 3.8 4

5 DSK Legal 1,918 1 3.5 - 5Amarchand & Mangaldas &Suresh A Shroff & Co

9,644 14 3.7 21

6 Linklaters 1,855 10 3.4 3 6 Clifford Chance 9,548 30 3.7 1

7 Kim & Chang 1,690 6 3.1 11 7 Luthra & Luthra 8,051 10 3.1 36

8 Clifford Chance 1,634 6 3.0 2 8 Allens Arthur Robinson 8,002 28 3.1 9

9 Allens Arthur Robinson 1,587 5 2.9 7 9 Milbank Tweed Hadley & McCloy 7,417 27 2.9 5

10 M. V. Kini & Co 1,376 4 2.5 93 10 Sullivan & Cromwell 6,564 5 2.5 22


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Dealogic Project Finance Coverage & Criteria

The following is an Executive Summary of the coverage & criteria used to produce this document. To obtain a comprehensive document detailing Dealog icsprecise scope, policies and methodologies, please contact one of the analysts listed on the front page of this release.

GENERALEligibility is defined by the involvement of infrastructure specific sectors,both economic and socialThere must be a clearly defined project or portfolio of projects, longterm assets, dependency on cash flows and commercial bank lendingAll PPPs/PFIs (excluding service contracts) are included.Tables coverprivately (co-) funded projects.Transactions not denominated in US dollars are converted to a US dollarequivalent at loan agreement signing date.Facilities are included in league tables from:o loan agreement signing date (also understood to be funding date or

financial close) for loan mandated arrangers/arrangers;o loan agreement signing date for financial and legal advisers,

sponsors and contractors;o general syndication signing date for providers/participants;o bond payment date for bond bookrunners and managers.

Tables are complete and current to the best of our knowledge. While anofficial snapshot of the project finance landscape as of the date ofpublication, rankings are subject to retroactive change due to a variety offactors.

ELIGIBILITYMandated Arrangers: mandated arranger status is assigned tothe banks awarded the mandate by the borrower or banks giventhe title by the mandated arranger groupRefinancings and restructurings are eligible for tables.Acquisitions of projects are eligible for tables as long asrepayment of the debt is based on cash-flows of the assets.Amendments and amended and restated loans are eligible ifthere is a change to pricing, tenor or loan amount, which requirea 100% lender vote.Cancelled loans are eligible provided that the loan agreementhas been signed, and fees have been paid.A sole lender on a loan greater than $100m must submitdocumentation for the deal to be eligible.

RANKINGFinancier tables are based on:o equal apportionment between all mandated arrangers of loans for

mandated arranger tables;o equal apportionment between all mandated arrangers and

arrangers of loans for arranger tables;o final takes (or equal apportionment when final takes are

undisclosed) for loan participants;o equal apportionment for bond bookrunners and managers.Non-financier tables include:o legal adviser (to borrower, concession awarder, commercial lender,

multilateral lender, ECA, guarantor, divestor)o financial adviser (to borrower, concession awarder, divestor)o sponsorNon-financier tables are based on:o loan agreement signing date;o equal apportionment of project cost between organizations in same

role.

EXCLUSIONS

We cover only infrastructure project financing and therefore excludethe following:

o Real Estate (Except PFI / PPP deals);o Shipping or Aircraft financing where not tied to a specific

project;o Equipment financing (when not related to a specific project);o Agriculture;o Manufacturing.Dealogic reserves the right to challenge any transaction submittedfor inclusion and may request supporting documentation.


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Contacts:

Media Contacts

Natalie Cogan, New York Shireen Farhana, London Jennifer Cheung, Hong Kong

+1 212 577 4486 +44 20 7440 6494 +852 3698 [email protected] [email protected] [email protected]

Project Finance Contacts

Claris Tam Michelle Roles+852 3698 4782 +44 20 7440 6448

[email protected] [email protected]

Notes to Editors:

Dealogic is the pre-eminent provider of Global Investment Banking analysis and systems. With offices throughout theworld, Dealogic offers the most comprehensive coverage of global capital markets, credit markets, and mergers &acquisitions activity available.

Dealogic Project Finance Review is a quarterly compilation of global and regional project finance activity. Data,research, and rankings are provided via the ProjectWare platform.
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]

Documents

Dealogic Global Project Finance Rev-2009