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Coface: covering completion

01 November 2002

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Last month saw a reorganisation of the project finance team at French export credit agency Compagnie Francais d'Assurance pour le Commerce Exterieur (Coface) but the focus on the product remains unchanged. Project finance remains part of the organisation's Medium and Long Term department but a sub-division has now been created to take full responsibility for project finance transactions and some structured finance transactions. The team has been further split into two divisions: global energy and infrastructure. The global energy team will cover oil and gas, power and chemicals/fertiliser transactions and the infrastructure team will cover telecoms, infrastructure, water treatment and industrial transactions. These changes took effect on 7 October.

The sectoral split of Coface's project finance portfolio at June this year shows a dominance of power deals. But Marie-Laure Mazaud, head of project finance at Coface in Paris, explains that their weight has declined over the past few years. ?All ECAs...


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