PROJECT FINANCE REVIEW FIRST QUARTER 203
Proceeds (US$b) Global Project Finance Up 9% I GebzeOrhangaziIzmir Highway Largest Deal First Quarter 203 MANAGING UNDERWRITERS Global Project Finance Review Global Deals Intelligence Global: Project Finance activity for the first three months of 203 totaled US$42 billion with 2 deals, up 8.8% compared to the same period last year. was the busiest sector, closing US$3.4 billion from 9 deals, the largest of which was the US$2.8 billion GebzeOrhangaziIzmir Highway in Turkey. Americas: Project Finance Loans totalling US$7.4 billion closed in the first quarter, an increase of 6.2% over last year. However the number of project financings closed fell 38.5% from 26 in Q 202 to just 6 deals in Q 203. EMEA: The first quarter of 203 saw 3% fewer project financings signed; however, those projects that did receive funding were larger on average resulting in 48.5% increase in loan proceeds, which stood at US$22 billion. Project Finance Regional Breakdown Jan Mar 3 $60 ] $50 $40 $30 $20 Asia Pacific and Japan: Project Finance posted the slowest first quarter since 2009, with total volume at US$2.5 billion from 49 deals, down 25.3% compared to the same period of the previous year. India was the only market which showed slight growth at 5.8%, closing US$6.9 billion from 23 deals. $ $0 2009 20 20 202 203 EMEA Americas AsiaPacific & Japan Global Mandated Arrangers (X2) Jan Mar 3 Global Bookrunners (X3) Jan Mar 3 Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Proceeds per Bookrunner (US$m) Market Market # of Market Change in Market Market Mandated Arranger Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals Bookrunner Rank Rank Proceeds Sh % Sh Ch. State Bank of India 4,094.2 9.8 2. 6 5.4 6 State Bank of India 4,063.6 8.6 7.6 Mizuho Financial Group 2 3 2,588. 6.2.3 7 5.2 5 Mizuho Financial Group 2 2 2,22..2 0.3 Mitsubishi UFJ Financial Group 3 2,799.4 4.3 3.2 6 4.3 4 Citi 3 6 949.7 4.3 2.3 Sumitomo Mitsui Finl Grp Inc 4 5,766.6 4.2 0.7 8 6. 5 ICICI Bank Ltd 4 4 899.0 4..9 # of Deals per Bookrunner # of Market Change in Deals Sh % # of Deals 4 5.8 6 2 7.4 5 4 5.8 2.4 UniCredit 5 8,43.7 3.4.5 8.9 0 ING 5 28 7.5 3.3 2.5 3 4.3 2 Citi 6 7,070.2 2.6 0.5 7 6.3 3 Sumitomo Mitsui Finl Grp Inc 6 20 696.2 3.2.4 6 8.7 2 RBS 7 37,05.8 2.4.6 8 7. 3 Mitsubishi UFJ Financial Group 7 3 688.8 3.2 4.3 3 4.3 8 ICICI Bank Ltd 8 24 899.0 2. 0.7 0.9 Woori Financial Group 8 579.4 2.7 2.7.4 Credit Agricole CIB 9 20 838.5 2.0 0.2 9.8 6 Axis Bank Ltd 9 5 53. 2.4 3.5 3 4.3 0 Standard Chartered PLC 26 835.6 2.0 0.8 7 6.3 4 Barclays 4* 482.5 2.2.9 2 2.9 Barclays 68 76.2.8.6 5 4.5 3 Goldman Sachs & Co 48.0 2.2 2.2 2 2.9 2 IDFC Ltd 2 6 754..8.4 6 5.4 4 Yes Bank Ltd 2 474.9 2.2 2.2 6 8.7 6 Intesa SanPaolo 3 79 77.0.7.6 6 5.4 4 Societe Generale 3 3 443.9 2.0 0.2 2 2.9 HSBC Holdings PLC 4 4 696.9.7 0.5 5 4.5 3 UniCredit 4 5 433.0 2.0 0.0 2 2.9 4 BNP Paribas SA 5 5 682.4.6 0.6 8 7. RBS 5* 33 403.9.9.4.4 Societe Generale 6 22 667.8.6 0.0 5 4.5 0 JP Morgan 5* 403.9.9.9.4 KfW IPEXBank GmbH 7 40 63.3.5 0.8 7 6.3 3 Standard Chartered PLC 7 388.6.8.8 3 4.3 3 Woori Financial Group 8 579.4.4.4 0.9 Deutsche Bank 8 26 326.4.5 0.6 3 4.3 2 ING 9 29 565.5.4 0.3 9 8.0 3 BNP Paribas SA 9 27 308.3.4 0.6 2 2.9 0 Standard Bank Group Ltd 20 4 542.0.3 0.6 2.8 National Australia Bank 20 7 288..3 0.7.4 Axis Bank Ltd 2 4 53..3 2.5 3 2.7 0 Credit Agricole CIB 2 2 24.9.0 0.7 2 2.9 Lloyds Bank 22 2 507.0.2.2 6 5.4 3 Development Bank of Japan Inc 22 205.8 0.9 0.9.4 Deutsche Bank 23 38 506.9.2 0.4 4 3.6 2 Siam Commercial Bank PLC 23 200.0 0.9 0.9.4 National Australia Bank 24 23 497.9.2 0.3 4 3.6 0 RBC Capital Markets 24* 9* 87.5 0.9 2.0.4 Yes Bank Ltd 25 474.9.. 6 5.4 6 Morgan Stanley 24* 24 87.5 0.9 0.4.4 0 Top Twenty Five Total 25,454.5 60.8 7.5 Top Twenty Five Total 6,770.6 77.0 2.3 Total 4,994.3 0.0 2 24.0 Total 2,88.7 0.0 69 26.0 % Change over Same Period Last Year % Change over Last Quarter 8.8% 7.6% % Change over Same Period Last Year.2% 27.4% 25.6% 32.9% % Change over Last Quarter 45.9% 40.0%
First Quarter Project Finance Managing Underwriters Global Project Finance Scorecard: Global Project Finance Region Global Americas Central America South America Caribbean North America EMEA Africa/Middle East/Central Asia North Africa SubSaharan Africa Middle East Central Asia //20303/3/203 //20203/3/202 Proceeds No. Proceeds No. % Chge in US$m Issues US$m Issues Proceeds 4,994.3 2 38,608. 36 8.8 7,437.9 6 7,005.8 26 6.2,502.2 5 3,499.7 7 2,604. 7 34.4 3,938.2 9 2,899.5 4 35.8 22,038.3 47 4,838.3 54 48.5 5,7.9,507. 3 238.9 2,700.0 6,32. 2 38.5 2,407.9 4 375.0 Europe 6,930.4 37 3,33.2 Eastern Europe 5,65.7 6 3,303.3 Western Europe,278.7 3,027.9 AsiaPacific,798.6 39 4,802.7 Australasia,3.6 2 4,7.8 Southeast Asia 482.2,592.9 North Asia 2,078.7 4 2,45.0 South Asia 6,927. 23 6,677.0 Japan,79.6,96.2 Sector Analysis 5 27.0 4 7. 47 2.5 50 27.0 9 68.2 7 69.7 5 3.9 29 3.7 6 2.3 //20303/3/203 //20203/3/202 Proceeds Mkt. No. Proceeds Mkt. No. Chg. in Project Finance Sector US$m Sh % Issues US$m Sh % Issues Mkt. Sh 3,366.2 3.8 9 2,4.3 32. 26 0.3,30.5 26.9 57,60.4 28.9 69 2.0 7,662.8 8.3 3 8,758.2 22.7 4 4.4 Leisure & Property 4,9.7 2,668.3.0 6.4 4 677.,894.2.8 4.9 4 8.2.5 Petrochemicals,04.3 2.4 250.0 0.7.7 Telecommunications 823. 2.0 Waste & Recycling 477.4. 2 485.8.3 3 0.2 Mining 432.0.0 3 2,834.7 7.3 7 6.3 Water & Sewerage 57. 0. 2 37.4 0.4 2 0.3 Total 4,994.3 0.0 2 38,608. 0.0 36 Top Global Project Finance Deals Jan Mar 3 Closing Date 3/27/203 /29/203 3/25/203 /25/203 2/28/203 /28/203 2/26/203 2/7/203 3/29/203 3/26/203 Borrower GebzeOrhangaziIzmir Highway ONGC Petroadditions Ltd BreBeMi Toll Road SPP SALE Stansted Airport Acquisition Studio City Co Ltd Etihad Rail Railway Project Butendiek Offshore Wind Farm Cernambi Norte MV26 BV BGT LNG Vessel Package Amt US$m 2,800.0 2,785.9 2,337.4 2,09.4,89.2,399.5,280.0,254.5,70.0,0.0 Global Project Finance By Sector (US$m) 4,9.7 % 7,662.8 8% 6% 3% 3% 2%,30.5 27% Domicile Nation Turkey India Italy Slovak Rep United Kingdom Macau Utd Arab Em Germany Brazil Nigeria 3,366.2 32% Sector Leisure & Property Leisure & Property Petrochemicals Telecommunications Waste & Recycling Mining Note: 203 League Tables are based on fully syndicated project finance volume.
Q09 2Q 3Q 4Q Q 2Q 3Q 4Q Q 2Q 3Q 4Q Q2 2Q 3Q 4Q Q3 Proceeds (US$b) # of Issues First Quarter 203 Project Finance Managing Underwriters Americas Project Finance Americas Project Finance Loan Value Hits US$7.4 Billion, Up 6% on Q 202 I Number of Deals Closed Down 39% Scorecard: Americas Project Finance Top Americas Deals Jan Mar 3 //20303/3/203 //20203/3/202 Close Domicile Borrower Package Amt Sector Proceeds No. Proceeds No. % Chge in Date Nation US$(m) Americas North America United States of America US$m 7,437.9 3,938.2 3,007.5 Issues 6 9 7 US$m 7,005.8 2,899.5 2,899.5 Issues 26 4 4 Proceeds 6.2 35.8 3.7 3/29/203 3/27/203 2/25/203 3/3/203 Brazil Chile United States United States Cernambi Norte MV26 BV Cochrane CoalFired Pacific Sharav and Meltern Star West Generation LLC,70.0,000.0,000.0 850.0 Canada 930.7 2 3/27/203 Peru Chaglla Hydroelectric Plant 790.0 South America 3,499.7 7 2,604. 7 34.4 3/8/203 Canada South Kent Wind Farm 76. Chile,272.7 3,000.0 2 27.3 2/26/203 United States Topaz Holdings 590.0 Brazil,70.0,5. 4 22.6 3/28/203 United States Panda Temple II Generating 372.0 Central America,502.2 5 2/2/203 Canada Ottawa Light Rail Transit 24.6 /5/203 Chile Alto Jahuel Transmisora 95.8 Sector Analysis Jan Mar 3 Americas Project Finance Volume //20303/3/203 //20203/3/202 Proceeds Mkt. No. Proceeds Mkt. No. Borrower US$m Sh % Issues US$m Sh % Issues 4,93.3 66. 2 2,900.7 4.4 3 2,70.0 29.2 2,888.0 27.0 4 24.6 2.9 243.7 3.5 2 Mining 40.0.9,092. 5.6 3 Total 7,437.9 0.0 6 7,005.9 0.0 26 Chg. in Mkt. Sh 24.7 2.2 0.6 3.7 $4 $2 US$(b) # of Issues 50 45 40 $ 35 Americas Project Finance By Sector (US$m) Jan Mar 3 $8 30 2,70.0 37% 40.0, 2% 4% 3,440.8 59% $6 $4 25 20 5 $2 Mining 5 $0 0
First Quarter 203 Project Finance Managing Underwriters Americas Project Finance Americas Mandated Arrangers (X4) Jan Mar 3 Americas Bookrunners (X5) Jan Mar 3 Proceeds per Bookrunner (US$m) # of Deals per Arranger Proceeds per Bookrunner (US$m) # of Deals per Bookrunner Market Market # of Market Change in Market Market # of Market Change in Mandated Arranger Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals Bookrunner Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals Mizuho Financial Group 840.7.3 8.7 3 8.8 0 Mizuho Financial Group 983.0 5.9 3.0 2 8.2 0 Sumitomo Mitsui Finl Grp Inc 2 4 56.7 7.0 0.6 6 37.5 2 ING 2 8* 500.0 8. 4.7 9. 0 Barclays 3 30* 502.5 6.8 6.2 2 2.5 Mitsubishi UFJ Financial Group 3 483.0 7.8.8 2 8.2 5 Goldman Sachs & Co 4 49.0 5.6 5.6 2 2.5 2 Barclays 4 5* 482.5 7.8 6.5 2 8.2 Mitsubishi UFJ Financial Group 5 44.3 5.6 6.8 5 3.3 4 Goldman Sachs & Co 5 48.0 7.8 7.8 2 8.2 2 RBC Capital Markets 6 7 267.2 3.6 2.0 2 2.5 0 Sumitomo Mitsui Finl Grp Inc 6 4 307. 5.0 3.0 4 36.4 0 Citi 7 2 263. 3.5 4.3 2 2.5 RBC Capital Markets 7* 87.5 3.0 3.0 9. Morgan Stanley 8 6 207.5 2.8 2.7 6.3 Morgan Stanley 7* 6 87.5 3.0 2.7 9. 0 BBVA 9 3 78.2 2.4 4.2 4 25.0 2 Citi 7* 3 87.5 3.0 5.6 9. Credit Agricole CIB 55.2 2. 0.4 3 8.8 Credit Suisse 86.0 3.0 3.0 9. HSBC Holdings PLC 5 25.0.7 3.9 6.3 2 HSBC Holdings PLC 2 25.0 2.0 8.7 9. Fiat SpA 2* 24.0.7.7 6.3 Deutsche Bank 2 0.0.6.6 9. Credit Suisse 2* 24.0.7.7 6.3 BBVA 3* 7 40.0 0.7 4.2 9. 2 Deutsche Bank 4 20 0.0.3 0.0 6.3 0 DNB ASA 3* 5* 40.0 0.7 0.6 9. 0 Societe Generale 5 9 99.7.3 0.2 2 2.5 0 Credit Agricole CIB 3* 5 40.0 0.7 6.6 9. 0 DNB ASA 6 30* 95.6.3 0.7 2 2.5 Societe Generale 3* 5* 40.0 0.7 0.6 9. 0 Credicorp 7 70.0 0.9 0.9 6.3 Top Sixteen Total 6,89.2 0.0 3.2 Santander 8 7 68.2 0.9 4. 2 2.5 2 Bookrunner Total 6,89.2 0.0 8 RBS 9* 30* 59.7 0.8 0.2 6.3 0 Nord/LB 9* 59.7 0.8 0.8 6.3 % Change over Same Period Last Year.6% 42.% CIBC World Markets Inc 9* 59.7 0.8 0.8 6.3 % Change over Last Quarter 5.5% 59.3% Natixis 9* 59.7 0.8 0.8 6.3 KeyBanc Capital Markets Inc 9* 3 59.7 0.8.5 6.3 3 * Tie BMO Capital Markets 9* 30* 59.7 0.8 0.2 6.3 0 Bayerische Landesbank Giro 9* 27* 59.7 0.8 0.0 6.3 0 Top Twenty Five Total 4,988.8 67. 2.8 Total 7,437.9 0.0 6 % Change over Same Period Last Year % Change over Last Quarter 6.2% 42.% 38.5% 65.2% * Tie
Leisure & Property Waste & Recycling Mining Proceeds (US$b) First Quarter 203 Project Finance Managing Underwriters Europe, Middle East & Africa Project Finance EMEA Volume Stands at US$22 Billion, up 49% Projects Accounts for 48% of Funding Scorecard: EMEA Project Finance //20303/3/203 //20203/3/202 Proceeds No. Proceeds No. % Chge in US$m Issues US$m Issues Proceeds EMEA 22,038.2 47 4,838.3 54 48.5 Western Europe,278.7 3,027.9 47 2.5 United Kingdom 5,590.5 4 2,667.6 9.6 Italy 2,53.2 6 636.9 6 297.4 Germany,338.3 3 436.3 2 206.7 Netherlands,0.9 2 56.9,676.6 France 597.8 2 5,023.5 88. Spain 209.8 4 927.5 2 77.4 Eastern Europe 5,65.7 6 3,303.3 4 7. Turkey 2,800.0 20.7 2,29.8 Slovak Republic 2,09.4 Russian Federation 6.0 2 3,050.9 80.0 Africa/Middle East/Central Asia 5,7.9,507. 3 238.9 Nigeria 2,2.0 3 United Arab Emirates,53.9 2 Jordan 876.0 2 Ivory Coast 98.0 Top EMEA Deals Close Date 3/27/203 3/25/203 /25/203 2/28/203 2/26/203 2/7/203 3/26/203 2/27/203 2/8/203 3/28/203 Domicile Borrower Package Amt Nation US$m Turkey GebzeOrhangaziIzmir Highway 2,800.0 Italy BreBeMi Toll Road 2,337.4 Slovak Rep SPP SALE 2,09.4 United Kingdom Stansted Airport Acquisition,89.2 Utd Arab Em Etihad Rail Railway Project,280.0 Germany Butendiek Offshore Wind Farm,254.5 Nigeria BGT LNG Vessel,0.0 Netherlands A/A6 Section 955. Nigeria Eleme Urea Fertilizer 800.0 United Kingdom London City Airport Ltd 706.2 EMEA Project Finance by Sector $2 Jan Mar 3 Sector $ Sector Analysis Jan Mar 3 //20303/3/203 //20203/3/202 Proceeds Mkt. # of Proceeds Mkt. # of Chg. in Borrower US$m Sh % Deals US$m Sh % Deals Mkt. Sh,597.7 48. 8 4,463.7 30. 6 8.0 5,492.8 24.9 3,5.7 23.7 4.2 3,345.9 5.2 8 4,259.0 28.7 35 3.5 Leisure & Property 994.9 4.5 4,087. 7.3 5 2.8 800.0 3.6 32. 0.9 2.7 Waste & Recycling 477.4 2.2 2 385.8 2.6 2 0.4 Mining 292.0.3 2,000.0 6.7 5.4 Water & Sewerage 37.5 0.2 Total 22,038.2 0.0 47 4,838.2 0.0 54 $8 $6 $4 $2 January, 202 March 3, 202 January, 203 March 3, 203 $0
First Quarter 203 Project Finance Managing Underwriters Europe, Middle East & Africa Project Finance EMEA Mandated Arrangers (X5) Jan Mar 3 EMEA Bookrunners (X6) Jan Mar 3 Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Proceeds per Bookrunner (US$m) # of Deals per Bookrunner Market Market # of Market Change in Market Market # of Market Change in Mandated Arranger Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals Bookrunner Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals UniCredit 5,43.7 6.5 2. 2.3 2 Citi 587.2.0.0 2.0 2 Mitsubishi UFJ Financial Group 2 6,008.9 4.6 0.4 9 9. 6 UniCredit 2 3 433.0 8. 0. 2.0 3 RBS 3 9 956. 4.3 2.4 7 4.9 3 RBS 3* 3 403.9 7.5 5. 5.0 Sumitomo Mitsui Finl Grp Inc 4 2 838.0 3.8.0 9 9. 5 JP Morgan 3* 403.9 7.5 7.5 5.0 Intesa SanPaolo 5 44 77.0 3.3 3.0 6 2.8 4 Societe Generale 3* 403.9 7.5.4 5.0 Standard Chartered PLC 6 2* 699.8 3.2.5 5.6 4 BNP Paribas SA 6* 308.3 5.8 5.8 2.0 2 BNP Paribas SA 7 7 682.4 3. 0.9 8 7.0 4 Standard Chartered PLC 6* 308.3 5.8 5.8 2.0 2 Citi 8 2* 65.7 3.0.3 4 8.5 3 ING 8 2.5 3.9 3.9 2.0 2 KfW IPEXBank GmbH 9 20 63.3 2.9.2 7 4.9 3 Mizuho Financial Group 9 205.4 3.8 3.8 5.0 HSBC Holdings PLC 8 57.9 2.6 0.4 4 8.5 Siam Commercial Bank PLC 200.0 3.7 3.7 5.0 Societe Generale 568. 2.6 0.9 3 6.4 0 KfW IPEXBank GmbH * 83.3 3.4 3.4 5.0 Mizuho Financial Group 2 33 544.4 2.5.6 4 8.5 3 Sumitomo Mitsui Finl Grp Inc * 83.3 3.4 3.4 5.0 Standard Bank Group Ltd 3 2* 542.0 2.5 0.8 2 4.3 Macquarie Group 3 50.0 2.8 2.8 5.0 Credit Agricole CIB 4 527.8 2.4. 7 4.9 4 Standard Bank Group Ltd 4 42.0 2.7 2.7 5.0 ING 5 37 5.0 2.3.6 8 7.0 5 Raiffeisen Bank International 5.0 2. 2. 5.0 Lloyds Bank 6 4 507.0 2.3 2.9 6 2.8 Investec 6 9. 2.0 2.0 5.0 JP Morgan 7 403.9.8.8 2. Nord/LB 7 58.9.. 2.0 2 Cassa Depositi e Prestiti 8* 389.6.8.8 2. Deutsche Bank 8 5.4.0 3.0 5.0 0 BMPS 8* 55* 389.6.8.7 2. 0 Triodos Bank NV 9 22 4. 0. 0.3 2.0 Centrobanca 8* 43 389.6.8.4 2. 0 Top Nineteen Total 4,457.5 0.0 59.3 Banca Popolare di VeronaBSGSP 8* 389.6.8.8 2. Total 4,457.5 0.0 20 8 Nord/LB 22 26 389..8 0.4 5.6 3 Prudential PLC 23 326.0.5.5 2 4.3 2 % Change over Same Period Last Year.4% 28.6% Abu Dhabi Commercial Bank Ltd 24* 320.0.5.5 2. % Change over Last Quarter 44.0% 59.2% National Bank of Abu Dhabi 24* 320.0.5.5 2. Top Twenty Five Total 4,705.5 67.2 24.9 *tie Total 22,038.2 0.0 47 7 % Change over Same Period Last Year 48.5% 3.0% % Change over Last Quarter 45.7% 3.9% *tie
India Japan Macau Australia South Korea Malaysia Thailand China Proceeds (US$b) First Quarter 203 Project Finance Managing Underwriters Asia Pacific (inc. Australia & Japan) Project Finance Asia Pacific & Japan Project Finance Fell 25% I India Grew 6% Scorecard: Asia Pacific (inc. Australia & Japan) //20303/3/203 //20203/3/202 Proceeds No. Proceeds No. % Chge in US$m Issues US$m Issues Proceeds AsiaPacific (ex. Japan),798.6 39 4,802.7 50 27.0 Australasia,3.6 2 4,7.8 9 68.2 Australia,3.6 2 4,7.8 9 68.2 Southeast Asia 482.2,592.9 7 69.7 Malaysia 355.8 873.8 2 59.3 Thailand 26.4 9 589. 4 78.5 North Asia 2,078.7 4 2,45.0 5 3.9 Macau,399.5 South Korea 599.0 2,602.8 3 62.6 China 80.3 72.3 South Asia 6,927. 23 6,677.0 29 3.7 India 6,927. 23 6,550.4 28 5.8 Japan,79.6,96.2 6 2.3 Top Asia Pacific & Japan Project Finance Deals Closing Date /29/203 /28/203 3//203 3/20/203 2/28/203 Borrower Package Amt US$m ONGC Petroadditions Ltd 2,785.9 Studio City Co Ltd,399.5 Brookfield WA Rail Pty Ltd,022.5 HPCL Mittal Energy Ltd,04.3 Indiabulls Realtech Limited 899.0 Domicile Nation India Macau Australia India India 3/28/203 DSN Corp 823. Japan /2/203 Hanam Energy Service Co Ltd 579.4 South Korea 3/26/203 DIAL 468.2 India 3/28/203 OM Sarawak Co Ltd 355.8 Malaysia 2/5/203 Musselroe Wind Farm Pty Ltd 288. Australia Domicile Nation Breakdown $8 Jan Mar 3 Sector Leisure & Property Petrochemicals Telecommunications Sector Analysis //20303/3/203 //20203/3/202 Proceeds Mkt. # of Proceeds Mkt. Borrower US$m Sh % Deals US$m Sh % 3,39.7 27. 3 50.0 0.3 3,042.3 24.3 27 4,000.8 23.9 2,553.9 20.4 7,703.0 46.0 Leisure & Property,673.4 3.4 6 53.8 3. Petrochemicals,04.3 8. 250.0.5 Telecommunications 823. 6.6 Water & Sewerage 9.5 0.2 44.3 0.3 Total 2,58.2 0.0 49 6,764.0 0.0 Jan Mar 3 # of Deals 2 8 4 49 Chg. in Mkt. Sh 26.8 0.4 25.6.3 6.6 0. $7 $6 $5 $4 $3 $2 January, 202 March 3, 202 January, 203 March 3, 203 $ $0
First Quarter 203 Project Finance Managing Underwriters Asia Pacific (inc. Australia & Japan) Project Finance Asia Pacific & Japan Mandated Arrangers (X30) Jan Mar 3 Asia Pacific & Japan Bookrunners (X28) Jan Mar 3 Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Proceeds per Bookrunner (US$m) # of Deals per Bookrunner Market Market # of Market Change in Market Market # of Market Change in Mandated Arranger Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals Bookrunner Rank Rank Proceeds Sh % Sh Ch. Deals Sh % # of Deals State Bank of India 4,094.2 32.7 5. 6 2.2 6 State Bank of India 4,063.6 39.3 9.6 4.5 6 Mizuho Financial Group 2 2,203. 9.6 0.2 20.4 2 Mizuho Financial Group 2 2,032.7.0 6.5 9 23.7 +4 ICICI Bank Ltd 3 899.0 7.2 4.0 2.0 ICICI Bank Ltd 3 8 899.0 8.7 4.8 2.6 IDFC Ltd 4 5 754. 6.0.4 6 2.2 4 Woori Financial Group 4 579.4 5.6 5.6 Woori Financial Group 5 579.4 4.6 4.6 2.0 Axis Bank Ltd 5 4 53. 5. 5.5 3 7.9 0 Axis Bank Ltd 6 3 53. 4.2 4.5 3 6. 0 Yes Bank Ltd 6 474.9 4.6 4.6 6 5.8 +6 Yes Bank Ltd 7 474.9 3.8 3.8 6 2.2 6 National Australia Bank 7 9 288. 2.8 0.7 2.6 Sumitomo Mitsui Finl Grp Inc 8 2 4.9 3.3 0.3 3 6. 2 Mitsubishi UFJ Financial Group 8* 205.8 2.0 0.9 2.6 2 Mitsubishi UFJ Financial Group 9 4 376.2 3.0 5.5 2 4. 6 Sumitomo Mitsui Finl Grp Inc 8* 205.8 2.0 2.0 Bank of China Ltd 3 36.6 2.9 2.5 3 6. 2 Development Bank of Japan Inc 8* 205.8 2.0 2.0 ANZ Banking Group 6 325.9 2.6 0.4 2 4. ANZ Banking Group * 7 74.9.7 3.4 2.6 Development Bank of Japan Inc 2 205.8.6.5 2.0 0 Industrial & Comm Bank China * 74.9.7.7 Industrial & Comm Bank China 3 9.2.5.5 2 4. 2 UBS * 74.9.7.7 National Australia Bank 4 9 8.0.5.9 2.0 3 Deutsche Bank * 74.9.7.7 RHB 5* 24* 77.9.4 0.7 2.0 0 Bank of America Merrill Lynch * 74.9.7.7 Malayan Banking Bhd 5* 24* 77.9.4 0.7 2.0 0 Bank of China Ltd * 74.9.7.7 IDBI Bank Ltd 7 2 73.8.4 0.4 2.0 Credit Agricole CIB * 74.9.7.7 Westpac Banking 8 5 70.4.4. 2.0 2 Citi * 74.9.7.7 Bank of Communications Co Ltd 9* 55.5.2.2 2.0 IDBI Bank Ltd 9 5 73.8.7 0.5 2.6 UBS 9* 55.5.2.2 2.0 Kasikornbank PCL 20 20 26.4.2 0.8 9 23.7 +6 Deutsche Bank 9* 55.5.2.2 2.0 Standard Chartered PLC 2 80.3 0.8 0.8 Citi 9* 55.5.2.2 2.0 77 Bank Ltd 22* 22.2 0.2 0.2 Credit Agricole CIB 9* 55.5.2.2 2.0 Bank of Iwate Ltd 22* 22.2 0.2 0.2 Bank of America Merrill Lynch 9* 55.5.2.2 2.0 Korea Development Bank 24 3.5 0..6 2.6 2 Kasikornbank PCL 25 33 8.9.0 0.7 9 8.4 6 Top Twenty Four Total,320.8 0.0 36.0 Top Twenty Five Total 2,34.3 98.3 26.2 Total,320.8 0.0 38 Total 2,58.2 0.0 49 7 % Change over Same Period Last Year 24.9% 20.8% % Change over Same Period Last Year 25.3% 2.5% % Change over Last Quarter 57.5% 2.6% % Change over Last Quarter 56.0% 5.8% *tie *tie
First Quarter Project Finance Managing Underwriters Project Finance Criteria Summary If you would like to participate in the submission process, receive quarterly press releases, or have questions about league table criteria please contact: Americas Stephen Case Tel: + 6462238424 Email: stephen.case@thomsonreuters.com Europe Stephen Sotere Angelides Tel: +44 207 542 99 Email: stephen.angelides@thomsonreuters.com Asia Pacific/Japan: Kai SorianoSta. Cruz Tel: +6568703085 Email: kai.sorianostacruz@thomsonreuters.com Database coverage includes all loan transactions that have reached General close between January, 202 and March 3, 203 of which Thomson Reuters has been made aware. All current data and previous year's data is as of 9:00am EDT on April 5, 203. League tables include limited recourse project finance, nonrecourse project finance, and project finance loans and exclude loans with a maturity of less than 90 days from financial close. Bilateral, selfarranged, commercial and unknown loans are excluded from league tables as well as loans with a maturity of less than 90 days. All league tables are based on deal proceeds unless otherwise specified. Regional league tables are based on Domicile Nation. Bookrunner league tables will give full credit to the bookrunner, equal if joint. In cases of consolidation, credit will be given to the surviving/parent firm Mandated Arranger league tables will give equal credit to the NonAmericas mandated arranger and equal credit to the Americas Tier agent. In cases of consolidation, credit will be givien to the surviving/parent firm NonUS dollar denominated transactions are converted to the US dollar equivalent at the time of pricing. All league table volumes and rankings are based on general close date instead. While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document. 203 Thomson Reuters. All rights reserved. Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant third party.
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