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Banking & Finance - Capital Markets: Structured/Project Finance

Hogan Lovells Advises Republic of Ecuador in its US$509 Million Loan from Chexim

20 Nov 2014

Hogan Lovells advised the Republic of Ecuador in the negotiation of a US$509 million facility agreement that was executed by the Export-Import Bank of China (Chexim) and the Ministry of Finance of Ecuador. Under the agreement, Chexim granted a loan to be used for the construction of the 500Kv transmission lines, which are strategically required to connect the three mega hydroelectric projects currently being built in Ecuador by Chinese construction companies.

Ashurst advises PT Trans Kalla Makassar on financing of integrated shopping and entertainment development

19 Nov 2014

Ashurst advised PT Trans Kalla Makassar in connection with financing an integrated shopping and entertainment development, including a theme park and shopping mall located in Sulawesi, Indonesia.

The Ashurst team was led by Singapore-based finance partner Dominic Gregory, assisted by associate Amos Yoo.

Clifford Chance advises Banco Santander on innovative financing of Brazilian highway development project

18 Nov 2014

Clifford Chance has advised Banco Santander, as lender, on a US$300 million credit facility extended to the State of São Paulo to support the São Paulo State Sustainable Transport Project. The financing is guaranteed by the Federative Republic of Brazil and by the World Bank's Multilateral Investment Guarantee Agency (MIGA). The project seeks to build and upgrade approximately 370 km of road across 12 highways that pass through 26 cities. The loan agreement was signed by São Paulo's governor, Geraldo Alckmin, on November 11 in New York.

Vinge advises BlackRock Renewable Finance (Dublin) Limited on its acquisition of Arise Wind Farm 10 AB

17 Nov 2014

Vinge is advising BlackRock Renewable Finance (Dublin) Limited in connection with the acquisition of Arise Wind Farm 10 AB. The deal includes the sale of the construction-ready 46.2 MW Brotorp wind farm. Arise AB will manage the construction of the project, and once operational, operate the project on behalf of BlackRock Renewable Finance (Dublin) Limited through a construction and asset management agreement. BlackRock Renewable Finance (Dublin) Limited will provide equity to the project and a project finance facility has successfully been secured from SEB.

Baker & McKenzie Advises on Landmark Rajamandala Hydroelectric Power Project

11 Nov 2014

Baker & McKenzie has advised on the Rajamandala 1 x 46.6 MW run-of-the-river hydroelectric power plant to be constructed in Citarum Basin, Cianjur Regency, West Java, Indonesia. The project, which achieved financial close in August 2014, is the first major power project in Indonesia in recent years to successfully raise international limited recourse project financing without the Government of Indonesia providing a business viability guarantee.

Norton Rose Fulbright advises on first ever non-recourse cross-border financing in Myanmar; loan will develop Myanmar’s mobile telecommunications network

06 Nov 2014

Norton Rose Fulbright has advised a syndicate of banks on a first of its kind corporate loan in Myanmar to Pan Asia Majestic Eagle Limited (PAMEL). The loan provides US$85 million to PAMEL to support its mobile telecommunications infrastructure in Myanmar.

The syndicate of banks comprises DBS Bank, ING Bank, OCBC Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation. ING Bank in Singapore acted as the facility agent and offshore security agent and CB Bank in Myanmar acted as the onshore security agent.