Bruno Alves
The bank credit enhanced a €1.43bn bond issue for a Spanish gas storage facility via an unfunded €200m subordinated debt guarantee. It spent a further €300m buying bonds.
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The deal sees an almost total equity wipe-out for original shareholders AXA PE, Cube Infrastructure and the FSI.
The bank will put forward €200m to credit enhance a €1.43bn bond for a Spanish gas storage facility.
Marc Bajer's pioneering debt fund is giving the circa £150m raised at first close back to its LPs.
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European Long-Term Investment Funds will target unlisted assets across the EU and hope to appeal to institutional and retail investors alike.
The monoline insurer is guaranteeing a 19-year bond for a £100m social housing PFI.
The French insurer intends to invest that sum over the next five years and has appointed Charles Dupont to build a dedicated infrastructure debt team.
Lloyds and its insurance arm will from next year originate infrastructure loans.
ING is proposing an ‘open-source’ format to help kick-start bank-to-institutional investor debt solutions, the bank’s Alistair Higgins tells Bruno Alves.
The senior debt facilities have a 13-year tenor and will yield about 10.5% annually.