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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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