February 2012

Cikarang closes expansion refinancing 24 February 2012

Indonesian independent power producer Cikarang Listrindo has closed a $500 million seven-year high-yield bond issue

Wells Fargo buys BNP Paribas oil & gas portfolio in North America 23 February 2012

BNP Paribas has agreed to sell its oil and gas business in North America to Wells Fargo.

El Paso and GIP close Ruby bond refinancing 20 February 2012

El Paso Corporation and Global Infrastructure Partners have closed a $1.425 billion senior unsecured refinancing of the Ruby pipeline

MidAmerican prices increased Topaz solar bond issue 17 February 2012

MidAmerican Energy has priced an $850 million senior secured bond issue for the 550MW Topaz solar project.

Dolphin closes bond refinancing 13 February 2012

Dolphin Energy has priced a $1.3 billion bond refinancing, allowing it to pay down most of an existing $1.42 billion bank tranche

MidAmerican to beat negative carry with staggered Topaz solar bonds 08 February 2012

MidAmerican Energy is participating in roadshows this week for a $700 million senior secured bond issue for its 586MW Topaz solar project

Union Bank replaces BNP Paribas on Idaho Cobalt 08 February 2012

Formation Metals has mandated Union Bank as lead arranger of the letters of credit backing a bond issue for its Idaho cobalt project.

LSP Batesville defaults as Tenaska sale falls through 03 February 2012

LSP Energy failed to make a debt payment due on 15 January on its $214 million in debt,

Outages and competition hit Moyle Interconnector bonds 02 February 2012

Competition and technical problems are likely to put pressure on the £135 million ($213 million) bond financing for the Moyle Interconnector

Project finance recovery rates under pressure 01 February 2012

Moody’s Investors Service will undertake a reassessment of project finance ratings