May 2013 Issue

    Responding to complexity

    The financing of infrastructure projects is undergoing significant change. Will Marder, Gerd Meyer and Thalia Delahayes of Deutsche Bank examine the implications.    

    The capital markets revival

    Social housing-related bond financings are on the rise in the UK.

    Dealing with new realities

    As the project finance market has changed, so corporate trustees must adapt or die. Andy Thomson finds the prevalence of DFIs and the demands of credit rating agencies among the topics occupying their minds.

    “Infra debt is a fixed income-style play”

    Infrastructure debt is rapidly evolving, and leading the charge for insurer Allianz is Deborah Zurkow. Oliver Smiddy sits down with her to discuss her team's ambitious plans

    AfDB speeds East African road

    The pan-regional development finance institution is providing two loans worth a total $232.5m.

    Does infra live up to its billing?

    Interest in the asset class is surging, but is it providing what investors expect? Toby Buscombe of Mercer Investment Consulting seeks answers

    Thai fund on right track

    The fund is backed by BTS Group’s concession to operate a portion of Bangkok’s mass transit rail network and is Thailand’s largest-ever listing.

    Second is best

    With the focus on apparent high valuations in parts of the primary market, Pantheon is one firm seeing opportunity in secondaries. Andy Thomson met Andrea Echberg to find out more

    A new beginning (or tired rehash)?

    President Obama was upbeat about infrastructure in a recent speech in Miami, but a response from one of our readers was less than enthusiastic about his plans.

    Legal storm over, where’s the exit?

    The Henderson PFI Secondary Fund II is in the early stages of devising an exit strategy for developer John Laing – its controversial sole asset.

    Japan retains MLA dominance

    The first-quarter global project finance figures from Infrastructure Investor Research & Analytics make happy reading for SMBC in particular.

    ‘Bad bank’, bad news

    Spain is reportedly gearing up to buy its failed toll road concessions.    

    Can Doha deliver?

    A new Qatar-based think tank is seeking to address the issue of bad budgeting.

    Zanbato? Yes, please

    Our readers overwhelmingly endorsed the new online trading platform.

    PEBBLE puts banks back in spotlight

    ING is proposing an ‘open-source’ format to help kick-start bank-to-institutional investor debt solutions, the bank’s Alistair Higgins tells Bruno Alves

    The good captain

    AXA PE’s Mathias Burghardt hit the upper range of his fund target, raising money in the midst of a spin-out, while attracting mostly new LPs for Fund III. He tells Bruno Alves how he did it

    Light train coming

    Maryland has its P3 law in place, and a good debut project lined up.

    A ten-year low

    With €11.7bn of PPPs closed last year, Europe turns in its worst performance since 2003.

    Planning to fail

    The UK’s infrastructure planning regime is showing some signs of improvement, but is still tough to navigate.

    India told: Three ‘Ps’ are not enough

    The PPP may have had its day – get ready to welcome the PPPP.

    Nice try, Ryan!

    Ryan Gosling broke hearts recently by announcing he was taking a break from acting. But we’ve found out what he’s doing next.

    It’s an ill wind

    Italian police have swooped on Vito Nicastri – a renewable entrepreneur with alleged Mafia links – confiscating assets worth $1.7bn.