Refinancing projects and pre-hedging financial market risks

Refinancing projects and pre-hedging financial market risks

Rishin Patel Project Finance & Infrastructure January 2019

This article was first published in the GLIO Journal – Issue 4

While the amount of dry powder ready to invest in infrastructure assets piles up, putting money to work is proving to be somewhat of a challenge. The infrastructure investor community has seen some significant competition on all fronts.

Firstly, there is the re-emergence of significant fund-raising activity where even the ‘big boys’ are going head-to-head to secure long-term commitments from institutional investors. In some instances,
placements are being allocated beyond 18 months in the future for both listed and unlisted funds.

As a result, over the course of 2018 we have witnessed a flurry of refinancing activity of existing assets in operational stages as well as development stages, and increasingly in non-traditional jurisdictions (which we refer to later) for many of these funds.

Click here to read the full article.

For more information, please contact Rishin Patel, Director at JCRA on 0207 493 3310, or email Rishin.Patel@jcrauk.com.


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