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RBS gives up on sale of shipping portfolio

Offers for the bank’s $3 billion Greek shipping portfolio, which it has had up for sale for over a year, failed to meet expectations and RBS has decided a gradual wind down of loans to maturity is a better option than a distressed asset sale.

Macquarie and PIC structure £100m deal for Tees REP

The debt is linked to the Consumer Price Index (CPI), owing to the fact that the project is supported by the UK government’s Contract for Difference (CfD) subsidy.

Banobras to fund Barranca Larga-Ventanilla toll

National infrastructure fund Fonadin is set to take over the toll road from project sponsor ICA, which suspended construction in Q4 last year.

OPIC opens third Africa office

The new office will be run by Suresh Samuel as managing director.

De Mouy jumps from Orrick to HFW

HFW’s international finance team will be further strengthened in January 2017 by Olivier Bazin who will join as a partner in the Geneva office.

EDC joins Port of Melbourne lender line-up

The sponsors are expecting to reach financial close at the same time as signing the final concession documents with the state government of Victoria, at the end of October.

Kexim to provide Gaziantep hospital PPP loan and cover

The loan will be part of a wider financing for project sponsors Samsung C&T, Kayi Insaat Sanayi ve Ticaret, Salini Impregilo and a Page 3 private equity investment fund (PEIF): investors in the PEIF comprise mostly Korean and Turkish institutional investors

UKEF appoints infrastructure and energy head

Simon-Lewis brings 20 years of experience in project and structure finance, with a particular specialism in the renewable energy sector.

EDC backs Axios Mobile Assets with C$2m loan

Proceeds will be used to buy manufacturing equipment to increase pallet production capacity and for sanitisation equipment that will be installed at Axios’ new facilities.

SEC goes local for $1.3bn capex facility

The deal is a new money loan designed to meet the capex needs of SEC’s power grid upgrade under the Accelerated Strategic Transformation Program launched by the borrower two years ago.