PFI Financial League Tables 2015 Q1

REUTERS / Mari
GLOBAL PROJECT FINANCE REVIEW

MANAGING UNDERWRITERS
First Quarter 2015
Mandated Arranger
Proceeds per Mandated Arranger (US$m)

Market
Market
2015 2014
Sh Ch.
Proceeds
Rank Rank
Sh %
Industry % Change over Same Period Last Year

Industry
y % Change
g over Last Quarter
8.0%
-37.3%
# of Deals per Arranger

# of Market Change in
Deals
Sh % # of Deals
-17.5%
-37.7%
Bookrunner
Proceeds per Bookrunner (US$m)

Market
Market
2015 2014
Rank Rank
Proceeds
Sh %
Sh Ch.

Industry
y % Change
g over Last Quarter
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-26.5%
-57.7%
# of Deals per Bookrunner

Deals
Sh % # of Deals
-17.7%
-41.5%
Region
Project Finance Sector
Proceeds
US$m
Proceeds
US$m
Mkt.
Sh %
No.
Issues
No.
Issues
Proceeds
US$m
Proceeds
US$m
Mkt.
Sh %
No.
Issues
No.
Issues
% Chge in
Proceeds
Chg. in
Mkt. Sh
First Quarter 2015 | Project Finance | Managing Underwriters
Americas Project Finance

Americas Project Finance Declined 18% I Los Ramones North Pipeline Largest Deal in the First Quarter
Brazil
Uruguay
Peru
Chile
Central America
Mexico
Panama
Caribbean
Jamaica
Trinidad and Tobago
2,348.0
315.7
290.5
104.0
1,486.5
1,474.6
11.9
87.7
62.7
25.0
5
2
3
1
3
2
1
2
1
1
1/1/2014 - 3/31/2014
Proceeds
No. % Chge in
US$m
Issues Proceeds
15,087.6
49
-18.1
10,489.2
41
-26.3
8,760.7
32
-28.0
1,728.5
9
-18.0
4,368.4
-30.0
6
2,129.8
1,800.0
163.6
230.0
230.0
-
Sector Analysis
Borrower Industry
Power
Oil & Gas
Water & Sewerage
Industry
Transportation
Telecommunications
Mining
Leisure & Property
Industry Total
3
1
1
2
2
-
10.2
-83.9
-36.4
546.3
541.1
-
Jan 1 - Mar 31
1/1/2015 - 3/31/2015
Proceeds
Mkt.
No.
US$m
Issues
Sh %
61.9
34
7,648.8
2,024.6
908.4
735.0
504.1
305.0
200.0
34.6
12,360.5
16.4
7.4
6.0
4.1
2.5
1.6
0.3
100.0
4
1
1
2
2
1
1
46
1/1/2014 - 3/31/2014
Proceeds
Mkt.
No.
US$m
Sh %
Issues
6,968.9
46.2
31
2,230.7
14.8
3,788.0
25.1
2,100.0
13.9
15,087.6 100.0
Americas Project Finance By Sector (US$m)
10
6
2
49
Chg. in
Mkt. Sh
15.7
1.6
-21.0
-12.3
-
Jan 1 - Mar 31
Power
Close
Date
3/17/2015
1/14/2015
3/24/2015
1/9/2015
1/16/2015
1/28/2015
3/25/2015
3/31/2015
3/10/2015
3/6/2015
Jan 1 - Mar 31
Borrower
Sector
Los Ramones North Pipeline

SPSL
Raizen Cayman Ltd
Footprint Power Salem Harbor
West Deptford Energy Station
TerraForm Power Inc
Package Amt
US$(m)
1,274.6
908.4
735.0
730.0
595.0
550.0
Project
Nation
Mexico
Brazil
Brazil
United States
United States
United States
Oil & Gas

Water & Sewerage
Industry
Power
Power
Power
Creek Power Hydro

Kay Wind LLC
Itau Unibanco Holding SA
Panda Temple Power I LLC
491.6
410.8
400.0
380.0
Canada
United States
Brazil
United States
Power
Power
Power
Power
Americas Project Finance Volume
Proceeds (US$b)
Americas
North America
United States of America
Canada
South America
Top Americas Deals
1/1/2015 - 3/31/2015
Proceeds
No.
US$m
Issues
12,360.6
46
7,728.2
30
6,310.3
25
1,417.9
5
3,058.2
11
$40
80
$35
70
$30
60
$25
50
$20
40
$15
30
$10
20
$5
10
$0
# of Issues
Scorecard: Americas Project Finance
Oil & Gas

Water & Sewerage
Industry
4Q
1Q15
3Q
2Q
4Q
1Q14
3Q
2Q
4Q
1Q13
3Q
2Q
4Q
1Q12
3Q
2Q
4Q
1Q11
Leisure & Property
3Q
Mining
2Q
Telecommunications
1Q10
Transportation
https://www.thomsonone.com
Americas Project Finance

Americas - Mandated Arrangers (X4)
Mandated Arranger
Mitsubishi UFJ Financial Group
Mizuho Financial Group
Sumitomo Mitsui Finl Grp Inc
Natixis
Manulife Financial Corp
Citi
Bank of America Merrill Lynch
Santander
BBVA
Credit Agricole CIB
Rabobank NV
Caixa Economica Federal
Itau Unibanco
Banco BTG Pactual SA
Societe Generale
KeyBanc Capital Markets Inc
Goldman Sachs & Co
BNP Paribas SA
ING
CoBank ACB
Deutsche Bank
Credit Suisse
SunTrust Banks
General Electric Co
Bayerische Landesbank Giro
Top Twenty Five Total
Industry Total
Jan 1 - Mar 31

Market
Market
2015 2014
Rank Rank
Sh Ch.
Proceeds
Sh %
1
3
869.8
7.0
1.0
2
9
717.9
5.8
2.2
3
5.3
2.7
13
658.4
4.7
4
14
581.9
2.1
5
50*
491.6
4.0
3.6
6
10
383.1
3.1
-0.3
7
4
377.3
3.1
-1.8
8
15
3.1
0.7
377.1
9
1.6
25
333.9
2.7
10
5
-1.6
310.6
2.5
11
46
2.5
309.7
2.0
12*
302.8
2.5
2.5
2.5
0.6
12*
17*
302.8
2.5
12*
302.8
2.5
-0.5
11
300.7
15
2.4
16
24
285 5
285.5
23
2.3
12
1.2
17
8
258.8
2.1
-1.6
18
1
257.5
2.1
-8.9
19
6
216.3
1.8
-2.0
53
214.4
1.7
20
1.4
1.6
21
2
197.8
-5.1
1.5
22
44
190.0
0.9
23
26
186.9
1.5
0.5
24
180.6
1.5
1.5
25
43
1.5
0.9
180.3
8,788.5
6.1
71.3
12,360.5 100.0

Industry % Change over Last Quarter
-18.1%
23.3%

Deals
Sh % # of Deals
23.9
-2
11
2
9
19.6
2
7
15.2
5
10.9
-2
0
2.2
1
8.7
0
4
8.7
-3
4
8.7
4
0
1
3
6.5
5
10.9
-2
1
8.7
4
1
2.2
1
1
-1
2.2
1
1
2.2
4
8.7
-2
3
65
6.5
-1
1
2
4.3
-3
4
8.7
1
4
-5
8.7
3
6.5
2
-7
2
4.3
-1
1
2.2
3
6.5
-1
3
6.5
3
2
0
4.3
46
-6.1%
9.2%
-3
Americas - Bookrunners (X5)
Bookrunner
Santander
Manulife Financial Corp
Natixis
Bank of America Merrill Lynch
BNP Paribas SA
Credit Agricole CIB
Citi
Rabobank NV
Goldman Sachs & Co
KeyBanc Capital Markets Inc
Scotiabank
ING
Societe Generale
Deutsche Bank
Credit Suisse
Macquarie Group
SunTrust Banks
General Electric Co
Bayerische Landesbank Giro
BMO Capital Markets
Morgan Stanley
CoBank ACB
Top Twenty Five Total
Bookrunner Total
Jan 1 - Mar 31

Market
Market
2015 2014
Proceeds
Rank Rank
Sh %
Sh Ch.
1,075.6
1
10.9
-1.7
2
20
2
641.2
5.2
6.5
3
5
613.5
6.2
0.4
4
491.6
5.0
5.0
5
13
458.8
4.6
2.4
6
392.1
6
4.0
-0.8
7
1
349.4
3.5
-11.6
11
324.4
3.3
8
0.4
9
4
314.2
3.2
-3.3
30
2.6
10
309.7
3.1
11
17
308.6
1.1
3.1
12
8
281.7
2.9
-1.3
13
24
216.8
2.2
1.3
14*
18
216.3
2.2
0.6
-1.2
14*
10
216.3
2.2
16
21
208 8
208.8
09
0.9
17
3
197.8
2.0
-5.7
18*
26
190.0
1.9
1.2
18*
23
190.0
1.9
0.7
20
22
186.9
1.9
0.7
21
1.8
180.6
1.8
22
1.8
1.5
37
180.3
23
41
177.5
1.8
1.7
24
19
159.3
1.6
0.1
25
34
155.6
1.6
1.2
9,979.2
94.8
3.2
9,894.4
100.0

-25.4%
45.9%

Deals
Sh % # of Deals
10
25.0
-3
2
0
5.0
15.0
6
0
1
2.5
1
3
7.5
-3
3
7.5
-3
4
10.0
1
3
7.5
-1
3
7.5
-1
1
4
10.0
0
3
7.5
2
5.0
-3
2
5.0
-1
2
5.0
-1
4
10.0
-3
2
5.0
-7
1
2.5
-1
2
5.0
-1
3
7.5
-1
3
7.5
3
2
5.0
1
2
5.0
1
2
5.0
-2
2
5.0
1
40
-7
-14.9%
25.5%
* Tie
Europe, Middle East & Africa Project Finance

EMEA Doubles at US$28.5 billion I Saudi Arabia up 2300%
EMEA
Western Europe
Sweden
France
United Kingdom
Germany
Spain
Luxembourg
Italy
Republic of Ireland
Belgium
Finland
Netherlands
Austria
Eastern Europe
Turkey
Georgia
Africa/Middle East/Central Asia
Saudi Arabia
Ghana
Nigeria
Kazakhstan
Oman
Jordan
Burkina Faso
Zimbabwe
1/1/2015 - 3/31/2015
Proceeds
No.
US$m
Issues
47
28,547.1
17,449.8
34
4,843.5
1
3,859.9
4
3,551.3
10
1,993.2
3
1,539.9
5
1,223.1
1
175.7
5
1
73.1
67.7
1
51.4
1
38.6
1
32.4
1
1 219 2
1,219.2
2
969.2
1
250.0
1
11
9,878.2
3
7,690.8
780.0
1
663.0
1
260.0
1
236.7
2
129.0
1
75.0
1
43.7
1
Borealis Swedish Electricity

Rabigh Refinery Project
APRR
Rabigh Refinery Project
XL Trains [Thameslink PPP]
Innogy Nordsee 1
Alpha Trains Emil Sarl
E.ON Regulated Energy Distn
Bilkent Hospital PPP
Yinson Offshore Cape Three
Project
Nation
Sweden
Saudi Arabia
France
Saudi Arabia
United Kingdom
Germany
Luxembourg
Spain
Turkey
Ghana
Package Amt
US$m
5,197.1
5,167.9
3,751.3
1,900.0
1,809.2
1,316.7
1,223.1
1,206.9
969.2
780.0
Sector
Power
Petrochemicals
Transportation
Petrochemicals
Transportation
Power
Transportation
Power
Leisure & Property
Oil & Gas
EMEA Project Finance by Sector

$10
$
$9
January 1, 2015 - March 31, 2015
$8
January 1, 2104 - March 31, 2014
$7
$6
$5
$4
$3
$2
$1
$0
Mining
Water &
Sewerage
Industry
Oil & Gas
Leisure &
Property
Chg. in
Mkt. Sh
7.7
11.4
23.6
1.8
-34.8
0.4
-12.0
-
Petrochemicals
1/1/2014 - 3/31/2014
Proceeds
Mkt.
# of
US$m Sh %
Deals
5,067.7 25.4
25
3,036.5 15.2
12
246.1
1.2
1
780.9
3.9
4
7,975.1 39.9
10
183.4
0.9
2
2
2,633.7 13.2
19,993.3 100.0
57
Jan 1 - Mar 31
Borrower
Transportation
Borrower Industry
Power
Transportation
Petrochemicals
Leisure & Property
Oil & Gas
Industry
Water & Sewerage
Mining
Waste & Recycling
Industry Total
Jan 1 - Mar 31
1/1/2015 - 3/31/2015
Proceeds
# of
Mkt.
US$m
Sh %
Deals
9,445.3
33.1
23
6
7,580.8
26.6
7,067.9
24.8
2
6
5.7
1,620.2
1,443.0
5.1
2
1
622.9
2.2
383.3
1.3
4
2
335.0
1.2
48.8
0.2
1
47
28,547.1 100.0
Close
Date
3/25/2015
3/17/2015
2/19/2015
3/17/2015
2/27/2015
3/25/2015
3/26/2015
3/25/2015
3/27/2015
3/30/2015
Power
Sector Analysis
Top EMEA Deals

1/1/2014 - 3/31/2014
Proceeds
No. % Chge in
US$m
Issues Proceeds
19,993.3
57
42.8
13,776.5
43
26.7
2,736.6
2
77.0
832.2
14
363.8
1,810.7
8
96.1
648.2
3
207.5
6.2
1,449.5
4
- -20.1
219.8
3
- 159.3
1
-57.5
- 495.8
1
-92.2
70.8
2
-54.2
3 746 8
67 5
3,746.8
7
-67.5
24.0
1 3,938.3
- 2,470.0
7
299.9
320.0
1 2,303.4
1,500.0
1
-48.0
- - 150.0
1
57.8
- - - -
Proceeds (US$b)
Scorecard: EMEA Project Finance
Europe, Middle East & Africa Project Finance

EMEA - Mandated Arrangers (X15)
Mandated Arranger
Credit Agricole CIB
Societe Generale
KfW IPEX-Bank GmbH
BNP Paribas SA
UniCredit
RBS
Riyadh Bank Ltd
ING
SEB
Scotiabank
Saudi British Bank
Deutsche Bank
N ti i
Natixis
Credit Mutuel SA
HSBC Holdings PLC
Commerzbank AG
Banque Saudi Fransi
Santander
Banca IMI (Intesa Sanpaolo)
Banco de Sabadell
BBVA
Top Twenty Four Total
Industry Total
Jan 1 - Mar 31

Market
Market
2015 2014
Sh %
Sh Ch.
Proceeds
Rank Rank
1
15
1,685.5
5.9
3.9
2
4
1,329.4
4.7
0.3
3
1,080.5
-0.7
3
3.8
988.3
3.5
0.3
5
4
5
17
3.3
1.7
930.4
6
1
918.6
3.2
-2.9
7
60
777.1
2.7
2.7
2.5
2.0
8
38
700.6
9
22
650.2
2.3
0.9
10
583.0
2.0
2.0
11*
2
571.5
2.0
-2.5
11*
7
571.5
2.0
-0.9
13
27*
543.4
1.9
0.7
14
447.4
1.6
1.6
15
12
436.9
-1.1
1.5
412 0
14
09
16
14
412.0
1.4
-0.9
17
56
397.2
1.4
1.3
18
6
373.0
1.3
-1.7
19
371.1
1.3
1.3
20
347.5
1.2
1.2
341.8
21
23
1.2
-0.2
22
44
1.1
0.8
313.4
23
54*
279.6
1.0
0.8
0.3
24
34
277.2
1.0
10.9
15,327.1
53.8
28,547.1 100.0

Deals
Sh % # of Deals
3
8
17.0
6
12.8
-2
-5
7
14.9
7
14.9
-3
14.9
7
3
6
12.8
-2
5
10.6
4
6
12.8
3
4
8.5
0
2
4.3
2
4
8.5
-4
4
8.5
-1
3
6.4
2
2
4.3
2
2
4.3
-1
64
2
3
6.4
-2
2
4.3
1
2
4.3
-3
2
4.3
2
2
2
4.3
8.5
4
-1
4.3
2
1
2
4.3
1
2
-1
4.3
47
-10
EMEA - Bookrunners (X16)
Bookrunner
Societe Generale
BBVA
BNP Paribas SA
Natixis
Santander
Credit Agricole CIB
KfW IPEX-Bank GmbH
RBS
Commerzbank AG
UniCredit
Nord/LB
Deutsche Bank
Saudi British Bank
Bank Muscat SAOG
N db k
HSH Nordbank
Banca IMI (Intesa Sanpaolo)
Standard Bank Group Ltd
Unione di Banche Italiane Scpa
Triodos Bank NV
BMPS
Top Twenty One Total
Industry Total
Jan 1 - Mar 31

Market
Market
2015 2014
Proceeds
Rank Rank
Sh Ch.
Sh %
6.1
1
8
604.1
2.3
2*
21*
535.9
5.4
4.3
2*
12
535.9
5.4
3.4
5.4
2*
1
535.9
-2.3
2*
535.9
5.4
3.3
11
30
2*
535.9
5.4
5.3
2*
4
535.9
5.4
0.0 8
266.0
2.7
2.7
9
21*
208.7
2.1
1.0
10
197.5
2.0
2.0
11
26
192.3
2.0
1.5
12
24
183.7
1.9
1.1
10
13
167.9
1.7
-0.6
14
1.0
99.9
1.0
70.0
0.7
15
0.7
51 4
05
05
16
51.4
0.5
0.5
17
45.5
0.5
0.5
0.4
18
43.7
0.4
19
26.5
0.3
0.3
20
6.6
0.1
0.1
21
1.5
0.0
0.0 5,380.7
54.4
27.5
9,874.8 100.0

-25.6%
-11.8%

Sh % # of Deals
Deals
0
2
7.7
1
3.8
0
3.8
1
-1
1
3.8
-3
1
3.8
-3
1
3.8
0
1
3.8
-5
2
2
7.7
2
7.7
1
1
1
3.8
3
11.5
1
4
15.4
3
1
3.8
-1
1
3.8
1
1
3.8
1
38
1
3.8
1
1
1
3.8
1
1
3.8
1
3.8
1
1
3.8
1
1
3.8
1
26
-8
-23.5%
-54.4%
* Tie

42.8%
27.4%
-17.5%
-44.7%
* Tie
Asia Pacific (inc. Australia & Japan) Project Finance

Asia Pacific & Japan Down 23% I Transportation Sector at US$2.7 billion I Australia Busiest Market
Scorecard: Asia Pacific (inc. Australia & Japan)
Asia-Pacific & Japan

Australasia
Australia
Southeast Asia
Laos
North Asia
South Korea
China
South Asia
India
Japan
1/1/2015-3/31/2015
Proceeds
No.
US$m
Issues
7,516.8
34
3,085.4
6
3,085.4
6
84.0
1
84.0
1,209.8
641.2
568.6
2,179.8
2,179.8
957.8
1
3
2
1
13
13
11
Top Asia Pacific & Japan Project Finance Deals

1/1/2014-3/31/2014
No. % Chge in
Proceeds
Issues Proceeds
US$m
9,738.1
48
-22.8
3,592.0
10
-14.1
3,579.7
9
-13.8
1,758.6
4
-95.2
355.3
155.3
2,905.3
2,905.3
1,126.9
3
2
16
16
15
240.5
-25.0
-25.0
-15.0
Closing
Date
3/4/2015
2/25/2015
3/30/2015
3/10/2015
3/12/2015
3/13/2015
1/1/2015
3/16/2015
3/16/2015
2/6/2015
Jan 1 - Mar 31
SDP Finco Pty Ltd

ConnectEast Finance Pty Ltd
Bharat Oman Refineries Ltd
Hills Motorway Management Ltd
CLP Guangxi Fangchenggang
Package Amt
US$m
1,293.9
815.1
752.4
575.2
568.6
Project
Nation
Australia
Australia
India
Australia
China
Water & Sewerage

Transportation
Petrochemicals
Transportation
Power
Chungjin Project Co Ltd

DA Tollroads Pvt Ltd
Pacifico Energy Hosoe GK
Yedeshi Aurangabad Tollway
Nandi Economic Corridor
483.5
293.6
289.1
279.7
266.3
South Korea
India
Japan
India
India
Leisure & Property

Transportation
Power
Transportation
Transportation
Borrower
Sector
Project Nation Breakdown
Borrower Industry
Transportation
Power
Water & Sewerage
Petrochemicals
Leisure & Property
Oil & Gas
Industry Total
$4
Jan 1 - Mar 31
1/1/2015-3/31/2015
1/1/2015
3/31/2015
Proceeds
Mkt.
US$m
Sh %
2,679.0
35.6
1,932.9
25.7
1,293.9
17.2
752.4
10.0
7.0
525.4
4.4
333.2
7,516.8 100.0
# of
Deals
12
16
1
1
2
2
34
1/1/2014-3/31/2014
1/1/2014
3/31/2014
Proceeds
Mkt.
# of
US$m Sh %
Deals
3,551.5 36.5
12
3,984.4 40.9
25
2.4
230.6
2
256.4
2.6
1
309.7
3.2
3
825.5
8.5
3
9,738.1 100.0
48
Chg. in
Mkt. Sh
-0.9
-15.2
14.8
7.4
3.8
-4.1
January 1, 2015 - March 31, 2015
$3
Proceeds (US$b)
Sector Analysis
January 1, 2014 - March 31, 2014
$2
$1
$0
Asia Pacific (inc. Australia & Japan) Project Finance

Asia Pacific & Japan- Mandated Arrangers (X30)
Mandated Arranger
State Bank of India
Korea Development Bank
Commonwealth Bank of Australia
National Australia Bank
Westpac Banking
IDBI Bank Ltd
Axis Bank Ltd
CIBC World Markets Inc
RBC Capital Markets
Industrial & Comm Bank China
Agricultural Bank of China
Bank of China Ltd
ANZ Banking Group
HSBC Holdings PLC
HDFC Bank Ltd
IDFC Ltd
Credit Agricole CIB
Development Bank of Japan Inc
Deutsche Bank
Resona Holdings Inc
Scotiabank
Citi
Top Twenty Four Total
Industry Total

Market
Market
2015 2014
Rank Rank
Proceeds
Sh %
Sh Ch.
1,303.2
1
1
17.3
0.9
2
6
878.7
11.7
5.9
15
641.2
8.5
6.9
3
4
8
450.4
6.0
1.6
5
3
423.8
5.6
-0.7
6*
7
382.3
5.1
0.5
6*
10
382.3
5.1
2.5
8
39
279.7
3.7
3.4
9
14
266.3
3.5
1.9
253.6
3.4
-2.5
4
10
11
20*
220.5
2.9
1.7
219.3
2.9
2.9
12
13*
189.5
2.5
2.5
2.5
2.5
13*
189.5
13*
13
33*
33
189 5
189.5
25
2.5
20
2.0
2
161.7
16*
2.2
-4.6
161.7
2.2
2.2
16*
36
1.7
18
128.7
1.2
123.4
1.6
-4.2
19
5
20
99.5
1.3
1.3
21
22
73.3
1.0
-0.1
22
70.6
0.9
0.9
66.6
0.9
0.9
23
0.8
-0.6
24*
16
57.5
0.8
57.5
23*
24*
-0.1
96.6
28.9
7,270.3
7,516.8 100.0

-22.8%
-63.8%
Jan 1 - Mar 31
Sh % # of Deals
Deals
0
7
20.6
8
-2
23.5
2
5.9
0
4
11.8
-2
3
8.8
-5
3
8.8
-3
3
8.8
0
1
2.9
0
2.9
0
1
5
14.7
-7
2
5.9
0
2
5.9
2
2.9
1
1
1
2.9
1
1
29
2.9
0
1
-7
2.9
1
2.9
0
1
2.9
1
2.9
-3
2
5.9
2
0
1
2.9
1
2.9
1
1
2.9
2.9
-1
1
1
2.9
0
34
-14
Asia Pacific & Japan- Bookrunners (X28)
Bookrunner
Korea Development Bank
State Bank of India
IDBI Bank Ltd
Axis Bank Ltd
HDFC Bank Ltd
IDFC Ltd
Development Bank of Japan Inc
Deutsche Bank
Commonwealth Bank of Australia
Resona Holdings Inc
ICICI Bank Ltd
Bank of India
Bank of Kyoto Ltd
Senshu Ikeda Holdings Inc
Top Sixteen Total
Industry Total
Jan 1 - Mar 31

Market
2015 2014
Proceeds
Rank Rank
Sh %
1
10
641.2
19.1
1
474.4
14.2
2
3
5
431.2
12.9
4
2
318.8
9.5
5
14
279.7
8.4
6
9
266.3
8.0
7
6
220.1
6.6
8
13
128.7
3.8
9
3
123.4
3.7
10
73.3
2.2
11
70.6
2.1
12
68.1
2.0
13
66.6
2.0
14
4
51.7
1.5
15
26 9
26.9
08
0.8
16*
11.3
0.3
16*
11.3
0.3
90.5
3,263.6
3,351.3
100.0

-32.0%
-69.0%
Market
Sh Ch.
16.1
-9.8
7.6
-2.1
7.8
4.7
2.1
2.8
-6.6
2.2
2.1
2.0
2.0
-6.1
08
0.8
0.3
0.3
26.9

Deals
Sh % # of Deals
7.4
0
2
5
18.5
0
4
14.8
-2
4
14.8
-4
1
3.7
0
1
3.7
0
1
3.7
-2
1
3.7
0
1
3.7
-1
3.7
1
1
1
3.7
1
1
3.7
1
1
3.7
1
1
3.7
-1
1
37
3.7
1
1
3.7
1
1
3.7
1
27
-5
-15.6%
-18.2%
* Tie
Asia Pacific & Japan Project Finance By Sector (US$m)
Jan 1 - Mar 31
-29.2%
-29.2%
Transportation
Power
Water & Sewerage
Petrochemicals
Leisure & Property
Oil & Gas
Project Finance Criteria Summary
If you would like to participate in the submission

process, receive quarterly press releases, or
have questions about league table criteria please
contact:
- Database coverage includes all loan transactions that have reached General close between January 1, 2015 and March 31, 2015 of which
Thomson Reuters has been made aware. All current data and previous year's data is as of 2:00pm EDT on April 1, 2015.
- League tables include limited recourse project finance, non-recourse project finance, and project finance loans and exclude loans with a
maturity of less than 90 days from financial close.
- Self-arranged, commercial and unknown loans are excluded from league tables as well as loans with a maturity of less than 90 days.
Americas
Salvatore Reres
Tel: +1 646 223 8455
E-mail: salvatore.reres@thomsonreuters.com
Europe
Ewelina Jarecka
Tel: +44 207 542 2246
E-mail: ewelina.jarecka@thomsonreuters.com
Asia Pacific:
Carina Causon
Tel: +632 459 1566
E-mail: carina.causon@thomsonreuters.com
- All league tables are based on deal proceeds unless otherwise specified.
- Regional league tables are based on Project Nation.
- Bookrunner league tables will give full credit to the bookrunner, equal if joint. In cases of consolidation, credit will be given to the surviving/parent
firm
- Mandated Arranger league tables will give equal credit to the Non-Americas mandated arranger and equal credit to the Americas Tier 1 agent. In
cases of consolidation, credit will be givien to the surviving/parent firm
- Non-US dollar denominated transactions are converted to the US dollar equivalent at the time of pricing.
- All league table volumes and rankings are based on general close date instead.
Japan
Megumi Kono
Tel: +813 6441 1155
E-mail: megumi.kono@thomsonreuters.com
While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third
party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party
content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the
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Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document.
2015 Thomson Reuters. All rights reserved.
Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant
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GLOBAL PROJECT FINANCE REVIEW

Proceeds per Mandated Arranger (US$m)

Industry % Change over Same Period Last Year

# of Deals per Arranger

Proceeds per Bookrunner (US$m)

Industry % Change over Same Period Last Year

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

# of Deals per Bookrunner

Project Finance Sector

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

First Quarter 2015 | Project Finance | Managing Underwriters

Americas Project Finance

Americas Project Finance By Sector (US$m)

Los Ramones North Pipeline

Oil & Gas

Creek Power Hydro

Americas Project Finance Volume

Top Americas Deals

Scorecard: Americas Project Finance

Oil & Gas

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

Leisure & Property

First Quarter 2015 | Project Finance | Managing Underwriters

Americas Project Finance

Proceeds per Mandated Arranger (US$m)

Industry % Change over Same Period Last Year

# of Deals per Arranger

Americas - Bookrunners (X5)

Proceeds per Bookrunner (US$m)

Industry % Change over Same Period Last Year

# of Deals per Bookrunner

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

First Quarter 2015 | Project Finance | Managing Underwriters

Europe, Middle East & Africa Project Finance

Borealis Swedish Electricity

EMEA Project Finance by Sector

January 1, 2015 - March 31, 2015

January 1, 2104 - March 31, 2014

Oil & Gas

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

Top EMEA Deals

Scorecard: EMEA Project Finance

First Quarter 2015 | Project Finance | Managing Underwriters

Europe, Middle East & Africa Project Finance

Proceeds per Mandated Arranger (US$m)

# of Deals per Arranger

EMEA - Bookrunners (X16)

Proceeds per Bookrunner (US$m)

Industry % Change over Same Period Last Year

# of Deals per Bookrunner

Industry % Change over Same Period Last Year

Visit http://dmi.thomsonreuters.com to View Archives and Order Custom League Tables

First Quarter 2015 | Project Finance | Managing Underwriters

Asia Pacific (inc. Australia & Japan) Project Finance

Asia-Pacific & Japan

Top Asia Pacific & Japan Project Finance Deals

SDP Finco Pty Ltd

Water & Sewerage

Chungjin Project Co Ltd

Leisure & Property

Project Nation Breakdown

January 1, 2015 - March 31, 2015

January 1, 2014 - March 31, 2014