EW View: Hit or miss for Nord Stream will define PF landscape

25 Aug 2009

A Eu3.9bn project financing for the Nord Stream gas pipeline, is out to lenders this week. This prestigious deal, backed by European governments and structured to appeal to a conservative lending market, shouldn’t just fly in syndication, it should soar. If it doesn’t, it will be back to the drawing board for the project finance market.

While corporate loans bankers in western European are keeping an anxious eye on the thin pipeline of deals shaping up for the fourth quarter, their colleagues in project finance are gearing up for a busy few months. After a tricky year in which this market has had to ...

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