So far 2013 has been a mixed bag for project finance: whilst the overall volume of global investment has increased to the highest levels since H1 2008, deal activity has slumped again, falling to 199, down from 230 over the same period last year. The increase in deal value is somewhat misleading as an indicator of global performance in H1 2013, particularly given the figures are entirely down to a small number of huge deals in the Oil and Gas sector, the US$20 billion Ichthys LNG project and the Sadara Complex, worth US$17.2 billion. This fact notwithstanding, in pure figures global volume was up 32 per cent on H1 2012 with debt volume up 38 per cent, whilst, and more tellingly, deal count slipped by 13 per cent.
If you are an existing subscriber please sign in to read this article in full.Sign In
Sign up for a free trial
Register for free access to IJGlobal and realise the value of our asset and transaction databases, our market leading news, league tables and much more.Sign up for a free trial