The Asset Triple A
Asia Infrastructure Awards 2017

Deals of the year

Deals of the year: renewable energy
Renewable energy deal of the year/Most innovative deal
AP Renewables 12.5 billion pesos climate bond
Sponsor:
Aboitiz Power Corporation
Mandated lead arranger and sole bookrunner:
BPI Capital Corporation
Lender:
Asian Development Bank
The first climate bond in Asia-Pacific and the first ever climate bond for a single project in emerging markets as certified by Climate Bond Initiatives. The first project finance bond ever issued in local currency in the power sector in the Philippines and the first credit-enhanced project bond in Southeast Asia, excluding Malaysia, since the 1997-1998 Asian financial crisis
Renewable energy deal of the year – Hydro
Sanchuan Energy Group 280 million yuan senior structured financing
Sponsor:
Sanchuan Energy Group
Arrangers:
BNP Paribas, Societe Generale CIB
This is one of the few renminbi-denominated structured financings in China’s renewable market in recent years where the loan is based on a notional tenor in excess of 10 years.
Renewable energy deal of the year – Solar
Sepset Construction Limited 1.73 billion rupee term loan facility
Sponsor:
RattanIndia Group
Arranger:
YES Bank
To fund the construction of 2x20MW solar power project and the financing involves the creation of a reserve beginning the 10th year of the plant operations, to be built out of surplus cash flows
Renewable energy deal of the year – Waste
TuasOne Private Limited S$653.4 million project financing
Sponsors:
Hyflux Limited, Mitsubishi Heavy Industries Limited
Mandated lead arrangers:
Bank of Tokyo-Mitsubishi UFJ, DBS, Maybank Kim Eng, Mizuho Bank
The waste-to-energy plant will be the largest and most efficient energy recovery facility and will address the growing solid waste disposal requirement in Singapore
Renewable energy deal of the year – Wind
Hornsdale Wind Farm Stage 2 A$174 million debt financing
Sponsors:
John Laing, Neoen
Mandated lead arrangers:
KfW IPEX-Bank, Societe Generale CIB
A large and strategic transaction renewable energy transaction perfectly fitting in the Australian Capital Territory’s renewable energy target. It achieved the lowest renewable energy tariff in Australia
Deals of the year: by sector
Mining deal of the year
Tujuh Bukit Gold Project US$130 million project finance facility
Sponsor:
Merdeka Copper Gold
Mandated lead arrangers:
BNP Paribas, HSBC, Societe Generale CIB
It is one of the few international bank financings in Indonesia for a greenfield project.
Oil and gas deal of the year
Tangguh LNG US$3.745 billion financing
Sponsors:
BP; CNOOC; INPEX Corporation; Japan Oil, Gas and Metals National Corporation; JX Holdings; LNG Japan; Mitsubishi Corporation; Mitsui & Company; Repsol; Sojitz Corporation; Sumitomo Corporation
Financial adviser:
Societe Generale CIB
Lenders:
Asian Development Bank US$400 million/Japan Bank for International Cooperation US$1.2 billion
Mandated lead arrangers (International tranche):
Bank of China, Bank of Tokyo Mitsubishi UFJ, BNP Paribas, China Construction Bank, Credit Agricole CIB, DBS, KfW Bank, Korea Development Bank, Mizuho Bank, Oversea-Chinese Banking Corporation, Shinsei Bank, Sumitomo Mitsui Banking Corporation, United Overseas Bank
Lenders: (Domestic tranche):
Bank Mandiri, Bank Negara Indonesia, Bank Rakyat Indonesia, Indonesia Infrastructure Finance
This was the first time an LNG project financing involves domestic financial institutions in Indonesia, which was in line with the Indonesian government initiatives to increase local participation in strategic projects.
Power deal of the year/PPP deal of the year
Central Java IPP US$3.40 billion financing
Sponsor:
Bhimasena Power Indonesia – Electric Power Development company (34%), Adaro Power (34%) and ITOCHU Corporation (32%)
Financial adviser:
Sumitomo Mitsui Banking Corporation
Mandated lead arrangers:
Bank of Tokyo-Mitsubishi UFJ, DBS, Mizuho Bank, Mitsubishi UFJ Trust and Banking Corporation, Norinchukin Bank, Oversea-Chinese Banking Corporation, Shinsei Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank
The first infrastructure project under Indonesia’s public private partnership scheme and the first IPP to implement ultra-super critical technology in Indonesia. This is the first project to benefit from a guarantee from Indonesia Infrastructure Guarantee Fund
Telecom deal of the year
Bangabandu-1 project 155 million euro Bpifrance covered facility
Sponsor:
Bangladesh Telecommunication Regulatory Commission
Coordinating arranger:
HSBC
Mandated lead arrangers:
Credit Agricole CIB, HSBC
ECA:
Coface
The project consists of the construction and launch of the first civil communication satellite cable of Bangladesh
Transport deal of the year
Light Rail Manila Corporation 24 billion pesos project loan facility
Sponsors:
AC Infrastructure Holdings Corporation, Macquarie Infrastructure Holdings (Philippines), Metro Pacific Light Rail Corporation
Financial adviser:
International Finance Corporation
Co-financial adviser:
Development Bank of the Philippines
Financial adviser to the borrower:
Macquarie Capital
Mandated lead arranger:
First Metro Investment Corporation, RCBC Capital Corporation, SB Capital Investment Corporation
Lenders:
Metrobank, Rizal Commercial Banking Corporation, Security Bank Corporation
A key PPP deal for the government to fund the extension of Manila Light Rail Transport 1