Australia leads the world on project finance
9 August 2012
The Australian project finance boom continues, with the nation topping India to record the highest deal volume in the world in the first half of 2012, with a total of more than US$30 billion worth of project loans.
The Dealogic First Half 2012 league tables show that Australia's deal volume was up 123 per cent compared to this time last year, with 31 deals recorded in the past six months.
Within the region, Allens topped the project finance league table, advising on the largest number and highest aggregate volume of project financings of any firm in the Australia/New Zealand and Asia Pacific regions.
Those deals include some of the largest and most complicated project financings in Australian history, such as the $8.5 billion Australia Pacific LNG, the $2.3 billion acquisition of the Sydney Desalination Plant, and the $1.2 billion refinance of ConnectEast.
According to Partner Nicky Andrews, who co-leads Allens' Banking & Financial Services practice group with Partner Simon Lynch, the latest Dealogic results cap off a strong period for the team.
'These latest results show that the firm remains the market leader within the sector and is a testament to the strength and depth of our project finance practice,' Mrs Andrews said.
'Our project finance team, led by Partner Phillip Cornwell, has been bolstered in the past two years by the promotion of partners across our four Australian offices – James Darcy in Melbourne, Nick Adkins in Sydney, Ben Farnsworth in Perth and Karla Fraser in Brisbane.'
Ends
For further information, please contact:
- Susan CowenCorporate Affairs Adviser,
Melbourne
Ph: +61 3 9613 8374
Susan.Cowen@allens.com.au
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 36 offices in 27 countries around the world.