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  • Miami-Dade Courthouse, Florida

    After years of delays, Plenary Justice Miami has reached financial close on the Miami-Dade County civil and probate courthouse that will replace an existing courthouse so old that it once held a trial for Chicago mobster Al Capone

  • SOFR, so good?

    As lenders and borrowers prepare to say goodbye to Libor, also known as “the most important number in finance,” are project finance professionals ready?

  • EXCLUSIVE Asia's first infra loan securitisation platform

    Clifford Capital and Asian Infrastructure Investment Bank announced last month the establishment of Bayfront Infrastructure Management – a platform to mobilise institutional capital for infrastructure debt in Asia. IJGlobal spoke with both equity holders to learn more

  • Puerta de Hierro – Palmar de Varela 4G road, Colombia

    The latest project to reach financial close under Colombia's massive 4G road programme, the Puerta de Hierro – Palmar de Varela and Carreto – Cruz del Viso toll road crossed the finish line at a time when the Colombian government is pushing hard to move on the more troubled of the 4G projects ahead of the next generation of road concessions

  • EXCLUSIVE North Marmara motorway refinancing, Turkey

    Financial close was achieved mid-September on North Marmara motorway PPP, concluding a restructure process that ensures delivery of an essential piece of Turkey's infrastructure that is deemed critical to the nation's continued economic growth

  • EXCLUSIVE BNDES - dominant no more?

    The day capital markets are the main source of infrastructure finance in Brazil, replacing institutions that can offer subsidized interest rates or artificially-long tenors, might come sooner than some expect

  • Hedged solar opportunities in the Lone Star State

    As project finance has become available for solar assets with financial hedges in Texas, sponsors that are bullish on the market have begun to explore innovative contract structures that preserve more potential upside for them − while still providing comfort to lenders and tax equity investors

  • Quebec’s Library and Archives Canada P3

    The Library and Archives Canada P3 project in Quebec reached financial close in April with a bank and bond financing structure. While closing took place earlier in the year, an announcement was not made until June due to a prolonged period of severe flooding in the Gatineau region

  • Brazil's dynamic renewables market

    Developers are having to turn to new revenue and financing sources to meet Brazil’s ambitious non-hydro renewables generation targets

  • Who’s afraid of the CLO?

    Not all financial instruments with three-letter acronyms are scary. CLOs for infrastructure debt are not only making a comeback but now being promoted as a solution to climate change

  • Vías Chile bonds, Chile

    Vías Chile closed on 29 May the refinancing of a loan with the issuance of a bond in the Chilean stock exchange, the Bolsa de Santiago - sparking a future trend in the Chilean capital markets

  • London calling: LSE’s new green opportunities

    The good financial weather on the London Stock Exchange continues to entice managers of prospective listed renewables funds. Its appeal has drawn two in recent months which share an intriguing set of features – both are denominated in non-sterling currencies, both are headquartered abroad, and neither buys assets in the UK

  • Brooklyn Navy Yard cogen refi, US

    Axium Infrastructure completed the refinancing of the Brooklyn Navy Yard 286MW gas and oil-fired cogeneration facility in New York on 14 February using hybrid financing comprising tax-exempt bonds, taxable notes, and funds held under accounts created by the 1997 tax-exempt indenture

  • LNG-to-power in Brazil and GNA I

    An SPV comprising Prumo Logistics, BP and Siemens reached financial close at the end of March on the development, construction and operation of an LNG-to-power project located in the Brazilian state of Rio de Janeiro, part of a trend in the country's power market where there has been a surge of these types of projects

  • Autopista al Mar 1, Colombia

    Colombia's Autopista al Mar 1 project - the largest of the 4G road programme - reached financial close in March 2019, making it the second project to close since president Iván Duque took power in 2018

  • Acquisition of Glow Energy, Thailand

    Global Power Synergy on 22 March submitted a tender offer for the remaining shares of Glow Energy, one of Thailand's largest independent power producers, having earlier this month completed the share purchase agreement with Engie to acquire its stake in the company

  • AMLO's new Mexican infra reality

    The cancellation of major projects and a lack of clarity on government plans are making international investors nervous about Mexico though the country's infrastructure need is still significant

  • IL&FS: project finance SPVs risk default

    The bankruptcy of Infrastructure Leasing & Financial Services is continuing to send ripple effects in the Indian market. In the latest twist, ring-fenced project finance SPVs are threatening to terminate debt repayments

  • Italy's infrastructure under pressure

    At a time when Italy is in urgent need of investment in infrastructure, a number of projects are suffering delays due to indebted construction companies and political pressures. A dispute between the national government and the EU is creating economic uncertainty, and the recent Morandi bridge disaster is casting a dark shadow over all private sector-led projects in the country

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