Almost five years to the day of publication of the bidding document, Phu My 2.2 ? Vietnam's biggest project financing to date and its first build-operate-transfer (BOT) ? reached financial close in October. The transaction is the cause of a heightened optimism that South-east Asia could provide precious dealflow to regional bankers. It should also make upcoming financings in the country a great deal easier.
The $480 million deal includes multi-sourced financing using a variety of financial products. Co-ordinating lead arrangers ANZ, SG Asia (also financial advisor, documentation bank and interest rate swap/hedge provider) and Sumitomo-Mitsui are coy on pricing but benefit from a $75 million partial risk guarantee provided by the World Bank's International Development Association (IDA) as well as $25 million in extended political risk insurance provided by a private insurer under a partial risk...
Thank you for printing this article from IJGlobal.
As the leading online publication serving the infrastructure investment market, IJGlobal is read daily by decision-makers within investment banks, international law firms, advisory firms, institutional investors and governments.
If you have been given this article by a subscriber, you can contact us through www.ijonline.com/signup, or call our London office on +44 (0)20 7779 8870 to discuss our subscription options.
Thank you for your interest in using My IJGlobal.
As your firm uses IP recognition, you will need to sign in with your own unique login and password. If you do not have your own login details, please click here to register.
Alternatively, contact the IJGlobal Helpdesk on +44 (0)20 7779 8870 or email Helpdesk on email@example.com.