August 2011

ArcLight's Lea Power struggles with O&M costs 25 August 2011

The ArcLight-sponsored Lea Power Partner project has managed to stem operating cost increases, but is unlikely to bring its coverages back to the projections on which its financing was based.

Is Oakville hospital a bottom for Canadian PPP spreads? 17 August 2011

Fengate Capital, Carillion and EllisDon-led Hospital Infrastructure Partners closed the C$1.127 billion ($1.13 billion) Oakville Hospital concession in Ontario on 29 July. The deal is the province’s largest healthcare concession to date and marked, a new low in pricing for Canadian social infra...

Hurricane and violence hit Monterrey-Cadereyta debt 16 August 2011

Increased violence in the regions of Mexico next to the US border, and the aftermath of Hurricane Alex have placed severe stress on the financing for the Monterrey-Cadereyta toll road

Peru's Cofide mulls debut bond 15 August 2011

Peruvian development lender Corporacion Financiera de Desarrollo, or Cofide, plans to issue $500 million in bond debt

SCPPA launches Milford II prepay bonds 10 August 2011

The Southern California Public Power Authority has launched $159.4 million in revenue bonds to prepay a power purchase agreement with First Wind

Panama to buy Corredor Sur from ICA 10 August 2011

Government of Panama-owned Empresa Nacional de Autopista has agreed to buy the 19.8km Corredor Sur toll road concession

ICA launches bonds for two Mexican prisons 10 August 2011

ICA has launched a Ps8.3 billion ($671.3 million) secured bond issue for two 22-year prison concessions in Mexico