Copying and distributing are prohibited without permission of the publisher
Phu My 2.2: no ifs, just BOT
01 November 2002
Read more:
[project financing]
[project finance]
[BOT]
[project finance]
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 guarantee from the...
Take a free website trial to read this article. It’s easy to get a trial – just follow this link or email info@projectfinancemagazine.com.
Or, if you’re a subscriber or have an active trial, simply log in below to read the article.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Subscribe
Free trial
Taking a free trial will give you access to the latest news and analysis, as
well as the online deals database, BenchBase. Start your free trial today.
Free Trial