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By Nick Flitterman

Portland Wins PFI Award

Portland Wins PFI Award

The $1.4 billion financing for the Offshore Cape Three Points project, where Portland acted as Financial Advisor to UK Export Finance, has been awarded “2016 African Oil & Gas Deal of the Year” by Project Finance International. The picture shows the UKEF and Portland team at the Awards Dinner at which the award was presented.


From left to right: Oliver Irwin (Milbank), Iain Hackston, Margaret Eyres (UKEF), Joe Shephard (UKEF), Keith O’Donnell, Frauke Bialokoz, Tim Loy (UKEF), David Craig (UKEF), Geoff Knox and Richard Simon-Lewis (UKEF).

By Nick Flitterman

Yamal LNG signs €200 million JBIC deal

On 15 December 2016 Yamal LNG signed a 15 year loan agreement with the Japanese Bank for International Cooperation (JBIC). Portland advised JBIC in relation to this financing. The financing is the final piece of the overall $19 billion financing for the Yamal LNG project which also comprises facilities from Chinese and Russian lenders and loans supported by SACE and COFACE. Portland advised China Development Bank, China Eximbank, EXIAR (the Russian export credit agency), SACE, COFACE and JBIC in relation to this ground-breaking financing.

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

By Nick Flitterman

Yamal LNG signs €750 million SACE and COFACE deal

On 12 December 2016 Yamal LNG signed 15 year loan agreements supported by Servivi Assicuratavi del Commercio Esterio (SACE) and Compaignie Francaise d’Assurance pour le Commerce Exterieur (COFACE). Portland advised both SACE and COFACE in relation to these financings. These facilities are in addition to the $12 billion of financing provided by the Export-Import Bank of China and China Development Bank in April 2016, on which Portland also advised.

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com