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Islamic finance falling short in PPP space

At a conference held by the World Bank Group Thursday, officials discussed the challenge of tapping the $2trn market for Shariah-compliant finance to boost infra.

PetroVietnam mulls power unit privatisation

Around 29% of PV Power will be sold to strategic investors, while 20% will be offered on the Hanoi Stock Exchange at the end of this month.

Infra investors ‘disregard downside risk’, Partners says

The firm’s 2018 outlook warns that competition for investments has driven down returns and made brownfield projects less attractive.

Existing investors pick up North Queensland Airports stake

Auckland International Airport is selling its 24.6% for $295m, with Perron Investments and The Infrastructure Fund agreeing to bolster their holdings in two Australian hubs.

AMP buys 21% stake in Melbourne’s cancer centre PPP

The deal follows a $286m fundraising campaign closed last October for its social infrastructure-focused vehicle.

StepStone awarded GPIF global core infra mandate

Sumitomo Mitsui Asset Management will act as the ‘gatekeeper’ to conduct due diligence on the fund of funds manager.

Exclusive: Korea’s Hangang to launch $188m solar debt fund

The firm’s third and largest vehicle of its kind is targeting capital from domestic institutional investors.

Telangana to kick-start India’s road privatisations

The region is looking to roll out the first state-level asset recycling scheme, while the National Highways Authority is expecting bids for a package of roads next month.

Exclusive: Edelweiss’s Indian infra fund eyes $350m Q1 first close

The vehicle has already secured $75m of commitments, with the manager expecting domestic LPs to contribute 40% of its $1bn target.

Belt and Road bonds pick up steam with corporate issuance

GLP China is the first firm to issue B&R bonds following a late December issuance by the China Development Bank.