Advising:

·     Sovereign / quasi-sovereign loans

·     Standard Chartered Bank, Credit Agricole and JP Morgan on a MIGA-supported EUR369m loan to the Ministry of Finance and Budget of Senegal. The purpose of the loan is to refinance debts incurred to increase the Government's equity stake in DP World Dakar S.A., which is the operator of the container terminal in Dakar and which will develop the Nadayane deep-water port project in Senegal.

·     two banks on a trade financing facility made available to the Ministry of Finance and Budget of Senegal in order to finance the purchase of seeds, fertilizers and peanuts. The facility is supported by a trade finance guarantee from MIGA.

·     three international banks on a AfDB-backed syndicated loan facility made available to the Ministry of Finance and Budget of Senegal. The loan is to be used to support eligible projects under Senegal’s sustainable finance framework.

·     Societe Generale on a MIGA-supported trade finance facility to the Ministry of Economy and Finance of Togo in order to finance the purchase of fertilizers.

·     international bank on an AfDB-supported syndicated loan facility made available to Ministry of Finance and Budget of the Republic of Côte d'Ivoire. The loan is to be used to support eligible projects under Côte d'Ivoire’s sustainable finance framework.

·     a US bank in connection with a term loan facility (with repack structure) made available to the Ministry of Finance of Serbia. 

·     two international banks on a MIGA-supported loan made available to Banque Ouest Africaine de Développement.

·     two international banks on a MIGA-supported financing made available to the Eastern and Southern African Trade Development Bank.

·     Standard Chartered Bank on separate MIGA- and OeKB-supported financing made available to the National Bank for Foreign Economic Activity of the Republic of Uzbekistan.

·     a US bank on a syndicated loan (with repack structure) made available to a Turkish municipality.

·     syndicate of 10 banks on a term loan made available to a state-owned telecommunications company in Southeast Europe.

·     syndicate of five international banks on a MIGA-supported financing to State Bank of India, Hong Kong branch. The loan proceeds are to be used to refinance a $500 million loan provided by the World Bank to SBI in 2016 for operational Grid-connected Rooftop Solar Photovoltaic systems.

·     HSBC on a €200m financing by HSBC’s GIFT City Branch for Power Finance Corporation (PFC), an Indian state-owned financial institution. The financing benefits from a guarantee by the Italian export credit agency, SACE, under its Push Strategy. The proceeds will be used for on-lending to power and infrastructure projects in India.

·     HSBC on financing for the Bangladesh Power Development Board’s repowering of the 210MW Ghorasal 3rd Unit. The facility, guaranteed by the Bangladesh Ministry of Finance, includes two ECA-backed tranches supported by Sinosure and SERV, along with an uncovered commercial facility.

·     HSBC, Bank of Communications, Credit Suisse, Norddeutsche Landesbank Girozentrale and Societe Generale on an ECA and MIGA-supported financing for up to US$333 million to Bangladesh Power Development Board for the repowering of a 210 MW power plant in Bangladesh. The facilities are guaranteed by the Bangladesh Ministry of Finance and are backed by MIGA, Sinosure and SERV.

·     Other ECA/multilateral-supported facilities

·     Deutsche Bank AG on a €23.6mn buyer credit facility made available to Ukraine-based metals and mining conglomerate, Metinvest Group, with a guarantee from Finland’s export credit agency, Finnvera. The funds will be used to purchase equipment from Finnish sustainability solutions provider Metso to thicken enrichment waste from the company’s iron ore extraction and processing facility Northern Iron Ore near Kryvyi Rih, around 350km south of Kyiv.

·     syndicate of lenders led by CACIB on a c. JPY60.5 million green loan to Indian state-owned borrower, REC Limited. The facility is guaranteed by SACE under its Push Strategy programme. It is a first-of-its-kind collaboration between an Indian government entity and SACE. The loan will be on-lent to support projects in renewable energy, green mobility and energy efficiency.

·     HSBC on a social loan to Indian non-bank lender, Shriram Finance, backed by a guarantee from SACE under its Push Strategy programme. The loan will be on-lent for customers to acquire new/used vehicles and equipment that comply with Bharat Stage VI or EURO6 emission standards, in line with the RBI ECG guidelines.

·     HSBC on term loan facilities to a leading Indonesian packaging paper manufacturer, backed by OeKB and the Finnish export credit agency, Finnvera.

·     Corporate lending

·     National Wealth Fund and the commercial lenders on a £1.35 billion term loan made available to Iberdrola in order to finance upgrade of the electricity grid by Scottish Power.

·     US bank on bilateral loans to several African subsidiaries of an Indian telecommunications company.

·     UK bank on multiple secured working capital loans made available to UK restaurant groups.

·     syndicate of lenders led by Standard Chartered Bank on a loan facility made available to electric vehicle manufacturer, Polestar.

·     syndicate of 20 banks led by ANZ, Bank of China (Hong Kong), Credit Agricole and ICBC (Asia) on a US$500m green loan made available to CGNPC International Limited, with a guarantee from the borrower's parent company China General Nuclear Power Corporation.

·     Standard Chartered and ICBC (Asia) on a US$550m acquisition finance facility provided to China Re Hong Kong Company Limited (a subsidiary of China Reinsurance (Group) Corporation) for the purpose of acquiring 100 percent of the shares in Chaucer Holdings Ltd., a London based specialty reinsurer