View news from   +  advanced search
You are here: Home Data & People Deals Analysis Balard MoD: Dailly du jour
Project Finance Copying and distributing are prohibited without permission of the publisher

Balard MoD: Dailly du jour

24 July 2011

Read more: [Balard]

The Balard Ministry of Defence headquarters PPP is the largest availability-backed deal to close in the French market so far this year. The Eu3.4 billion ($4.8 billion) Bretagne-Pays de la Loire high-speed rail PPP is likely to overtake it shortly, but Balard’s Dailly tranche is much higher proportionately, at the very top of the allowed limit. International banks’ scramble to get a piece of the tranche in syndication attests to the appetite for this low-margin but equally low-risk French financing mechanism. The 30-year design-build-finance-operate concession entails the development of a new headquarters for the French Ministry of Defence in the Balard area on the outskirts of Paris. The project will consolidate the various French armed services operations at a single site, and the ministry intends to recoup some of the project costs from selling off the 12 sites it supersedes. Construction is set to start in December and operations in...

Most read in past 24 hours

  1. Western Wind buys Champlin/GEI pipeline

  2. SunEdison closes with NADB on Picture Rocks PV

  3. Rio Nogales sale pays down TPF's first lien tern debt

  4. Vancouver issues Kitsilano school RFQ

  5. Breeze 2 subordinated notes may force insolvency

  6. Transeuro closes debt, equity and convertible

  7. Henday NE bonds price below launch

  8. Surgil gas and chemicals debt signed

  9. Financial close on l'Erable wind farm

  10. Henday NE bonds launch

Popular Searches on PF

Upcoming Events

Change font size: Switch to default font size Switch to medium font size Switch to large font size
back to top

Home

Sectors

Data & People

My Account

Information

Event Diary


Deals Of The Year


Jobs


Directory


Supplements


Site Links


All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.