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refinancing

The Sydney-based fund manager does its second deal in recent months with Japanese lenders to refinance one of its wind farms.
Increased competition for the Peninsula Link deal drove the country’s four big banks to agree 10-year loans, pushing beyond their preferred five-year terms.
The $100bn development bank kicks off its strategy for building up its deal origination capacity within the next two years.
Brownfield refinancing products and credit-enhanced greenfield structures are likely to prove attractive to institutions as the regional market matures, says Moody’s.
The water treatment project recently completed a $587m refinancing, supported by two major Japanese insurers, Nippon Life and Dai-ichi Life, among others.
The Japanese insurer has committed a total of $80m to two overseas projects – the UK’s High Speed 1 and Australia’s Victorian Desalination Project PPP.
The process included some original shareholders exiting, removing monoline insurers from the capital structure and a new senior debt refinancing.
Japan’s Mitsubishi Hitachi Power Systems and Sumitomo are in JICA-led deal to supply Yangon’s Thilawa SEZ with cleaner thermal power.
India’s Minister of Railways presented his network modernisation and upgrading programme yesterday, including fast-tracking permitting processes.
Western Australia has launched its first school public-private partnership involving a package of eight public schools estimated at A$370m.
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