PF I League Tables 2014

LEAGUE TABLES
IN THIS SECTION
44 Introduction
48 Loans
67 Bonds
70 Multilaterals
73 Advisors
FEATURES
LOANS SHOOT UP ON US
BONDS STABLE
THE GLOBAL PROJECT FINANCE LOANS MARKET SHOT UP LAST YEAR ON THE BACK OF AN IMPRESSIVE
PERFORMANCE IN THE US. THE BOND MARKET REMAINED REMARKABLY STEADY ON THE BACK OF AN
IMPRESSIVE LEAP THE PREVIOUS YEAR, WHILE MULTILATERAL ACTIVITY WAS DOWN IN THE EMERGING
MARKETS BUT UP ELSEWHERE. THE ADVISORY MARKET PIPELINE DIPPED SIGNIFICANTLY.
The Thomson Reuters Project Finance
International (PFI) annual league tables are the
most accurate and comprehensive measure of
project finance activity across the globe in any
given year. In 2014, the global project finance
loan market saw volumes reach new highs, at
US$260.2bn, above the previous best year 2008,
when volumes hit US$250bn. In 2014, the PF
loans market grew by 23.2% from the 2013 figure
of US$204bn.
The main reason was the continued rise of the
US project finance market. In 2013, volumes in
the US market rose 70% to US$31.4bn. In 2014,
they doubled to US$60.1bn, taking up 22.8% of
the whole global market. Clearly the impact of
shale gas is now felt as LNG export schemes come
to fruition and petrochemical schemes start to
benefit from cheap ethane. In addition, gas-fired
power is benefiting from cheap gas. On top of
the energy boom, the US market is seeing a
noticeable increase in infrastructure deals.
Performance across the Americas was decent.
Volumes across the entire region jumped from
US$51.4bn in 2013 to US$92.8bn in 2014, an
impressive 80.5% rise. Brazil, Mexico, Canada
and Mexico were the main performers, followed
closely by Peru.
The Asia-Pacific market was back up, having
dropped by 30.5% to US$63.3bn in 2013. The
market rose 12.4% to US$72.2bn. One country
dominated the market, however, even more
so than the US in the Americas Australia. It
recorded a figure of US$37.9bn, just over half the
regional total, up 85.8% from US$20.4bn in the
previous year.
Some massive infrastructure projects account
for the jump, plus the Roy Hill mining deal, given
that the big LNG schemes were already financed
in 2012. The Indian market fell back again
down from US$21.2bn in 2012 to US$14.8bn in
2013 and to US$10.5bn in 2014. Great things are
hoped for in the Modi revolution going forward.
Still, India remains the worlds fourth largest
project finance market.
The Europe, Middle East & Africa (EMEA)
market rose a little, by 6.8% to US$95bn. The UK
market held station at US$16.4bn, as did Turkey
which was second in the EMEA tables for the
second year running last year at US$8.5bn.
In 2013, the one-off Kazakh/Uzbek gas pipeline
to China deal boosted the numbers. Last year,
44
activity was more evenly spread across the

board, which was good for the market. However,
Western Europe still felt flat. The Russian market
did not take off as expected due the sanctions
issue over the Ukraine but African project finance
started to emerge as a distinct market.
Activity in the global project finance bond
market remained at around US$50bn in 2014,
following a doubling in activity from 2012 to
2013. There is still a lot of talk about bonds and
institutional debt in project finance. There are
now a whole variety of long-term debt products
that project sponsors can use. It is clear that in
2014 the commercial banks fought back. But it
is equally clear that institutional debt has now
established itself in the market.
As a proportion of the global project finance
market (not including multilaterals), bonds fell
back from 20% in 2013 to 16.6% in 2014, but the
sector established important footholds in some
new markets, particularly in the infrastructure
sector. The US, again, was the stand-out market at
US$12.3bn, followed by the UK on a more modest
US$4.8bn. There was real diversity, however, in
countries that saw issuance.
Activity in the multilateral sphere was down
in 2014 in the emerging markets. Activity in the
developing world was down 44% to US$15.4bn
from US$27.7bn. There were fewer of the mega
deals we have seen in previous years. Stand out
financings included Cenpower, Sarulla, DS LNG,
Safi, ORPIC, Star Refinery and Maaden. JBIC
topped the table once again, closely followed by
Kexim and then IFC.
In the developed world, multilateral activity
shot up by 135% from US$9.5bn to US$22.1bn.
Given the general increase in liquidity in the debt
markets in the developed world, this is perhaps
surprising as multilateral debt is now needed
more in the developed world. But the market
follows the market, even for the multilaterals.
Big deals in 2014 included Roy Hill, TEM, Gemini,
IEP2 and the first US LNG export financing,
Cameron LNG.
The global project finance advisory market, in
terms of new deals, slipped back by 18.8% in 2014
from 478 to 39 new mandates. This is clearly
not good news for the market as a whole, as the
award of new mandates leads to new deals and
new financings down the line. The decline was
mainly due to the fall-off in the EMEA market,
Project Finance International January 14 2015
2014 LEAGUE TABLES
Methodology
n 2014 TABLES The rules
The league tables are compiled from submissions
sent in from commercial banks and financial advisers.
Only transactions that are limited or non-recourse are
included in the tables. The submissions are checked
by Project Finance International (PFI) and Thomson
Reuters staff globally. The tables are presented in a
regional form and then global tables are calculated
from the regional figures.
On the loans side, only lead-arranging mandates are
credited in the tables. League table credit is awarded on
a pro rata basis. If one bank lead-arranges a US$500m
project finance loan, it receives a US$500m credit, if
two arrange a US$500m loan, they receive US$250m
credits, if four, US$125m each, and so on. The credits are
added up and the league tables are produced.
On some deals, an individual banks submitted figure
might be lower in the published version of the league
table or it might increase. To ensure the tables are
market-accurate, some banks might be added to the
table even if they had not claimed for a mandated leadarranging role, while others might not be credited even
if they have claimed.
The evaluation of lead-arranging roles has been
made much stricter to include only initial mandated
lead arrangers. In the Americas, the mandated lead
arranger category is similar to the Thomson Reuters
bookrunner category. Recent years have seen more and
more club deals emerge. On these, each bank in the
club is given equal credit.
Overall, the tables are only concerned with
measuring the performance of those that arrange
deals, not necessarily their final underwriting
commitment or final take. The deals counting towards
a banks total are detailed in the regional sections, with
the relevant amounts per deal. From these details the
country and sector league tables are drawn up. The
process is very similar on the bond league table. The
tables measure the activities only of lead managers.
with new mandates down from 248 in 2013 to

168 in 2014.
Clearly, in austerity Europe, there are
fewer deals around particularly in the PPP
infrastructure space, which generates a range of
new government and private-sector mandates.
Whether the new Juncker stimulus plan can reactivate the market or not will be important in
the coming years. Activity in the advisories closed
table remained buoyant, however, reflecting the
general uptick in deal volumes.
In terms of sectors power, oil and gas, and
transport recorded very strong numbers in the
loans table while infrastructure and oil and gas
were strong in bonds. Whether oil and gas retains
these volumes is open to question in the new low
oil price environment.
BTMU topped the global loans table in 2014,
as in 2013. As usual, the bank was well ahead in
On the advisory side, the table is split into three

sections: private sector mandates, government or
government-owned sponsor advisory mandates, and
advice to bidders in a competition. Only financial
advisory mandates are included. The table measures
mandates won last year in these sectors and ranks
advisers accordingly in the total column. In addition,
there is a figure calculated for all mandates being
worked on by a firm in the overall column.
The advisory submissions are checked by the
reporters for accuracy to ensure they are mandates won
last year and not claimed for in previous years. This
table is limited to advisory mandates above US$20m.
In addition, there is a table of advisory mandates
reaching financial close last year. The table is ranked
regionally and globally by the total amount of funds
raised by each financial adviser.
For the sixth year, a set of tables has been included to
meet the evolving needs of the project finance market
for multilaterals. These tables measure the involvement
of multilaterals in project finance deals in the emerging
markets, whether through export credit guarantees or direct
lending tranches. Loans to projects in the developed world
are included in their own developed world multilateral
table. It is likely, as the credit crunch takes hold, that the
multilaterals or international developmental finance
institutions (IDFIs) will become ever more important.
The 2014 league tables will now go on the
Thomson Reuters Deals Intelligence site (http://
dmi.thomsonreuters.com/). To ease the league table
process in 2015, it is worth keeping PFI and Thomson
Reuters staff up to-date.
Contact PFIs Rod Morrison (London 44 207 542
8329), Thomson Reuters Carina Israel (Manila 00 632
878 5867) and Ewelina Jarecka (London 44 207 542
2246) if there are concerns regarding the tables and
ongoing 2014 data collection.
The data team
the Americas, with nearly double the volumes of

its nearest rival SMBC. Mizuho was third in the
Americas and all three were in the global top three.
However, the European banks came back
strongly in 2014, with BNP Paribas, Credit
Agricole and ING next up. Citigroup topped
the global bonds table with JP Morgan next up
and with the French Credit Agricole and BNP
Paribas once again in the top five. Macquarie
headed the global advisories closed table, on the
back of its Freeport LNG deal, followed by BNP
Paribas and HSBC. Ernst & Young topped the new
advisory mandates won table, followed by PwC.
Americas
Project finance volume for 2014 came in at
US$92.8bn for the Americas, up from US$51.4bn
in 2013. Of that total, US$60.1bn was done in
the US, an increase from US$31.4bn in 2012. US
45
volume was nearly

five times that of its
1 - BTMU (1)
closest competitor
2 - SMBC (4)
nation, Brazil, which
3 - Mizuho (5)
beat Canada for the
4 - BNP Paribas (18)
runner-up position
5 - Credit Agricole (7)
in the Americas
6 - ING (10)
with more than
7 - CBA (11)
US$9.4bn in deals
8 - HSBC (9)
booked. Mexico
9 - SG (16)
came in fourth,
10 - SBI Capital (2)
with US$4.6bn in
business.
Power deals led the activity for the Americas,
with US$37.1bn in transactions spread over 148
deals, followed by US$32.2bn done in oil and gas,
with 36 deals. A total of more than US$51.1bn in
transportation deals were closed, while industrial
and mining transactions rounded out the Top
5 with US$6.1bn and US$3.9bn in transactions
completed, respectively.
Mitsubishi UFJ led the Americas for the fifth
consecutive year, with more than US$8.1bn in
completed transactions, up from US$4.7bn in
2013. The bank 70 completed deals represented
8.4% of Americas loans and remained extremely
active in more traditional renewable energy
project financing in the US despite the changing
landscape of consolidation and yieldco deals. The
bank also made big-ticket contributions to both
Cameron and Freeport LNG, and saw a steady
flow of activity in gas-fired power, refinancings,
and Latin American transactions.
SMBC moved from the number five slot to
number two, with US$4.6bn competed across 39
deals. Mizuho and Credit Agricole moved into the
third and fourth slots, edging out Deutsche Bank
and Goldman Sachs. Citigroup came in at number
five as Barclays slipped from the top five on fewer
Term Loan B mandates.
Jumbo deals were the news of the year. Each of
the top four lead arrangers for the Americas made
sizeable contributions to the US$7.4bn Cameron
LNG export project financing, though SMBC lent
the most at US$614.3m. The US$4bn Freeport
LNG Train 2 financing also impacted the tables
significantly, as did Sasols US$3.9bn Louisiana
petrochemical plant expansion financing, the only
petrochemical deal for the Americas.
The US led way internationally on bond
volume, with US$12.3bn, beating the UK for
the top slot. Elsewhere in the Americas, a total
of US$3.3bn in
GLOBAL TOP 10 FOR BONDS
bonds were done
(2013 POSITION IN BRACKETS)
in Canada, while
1 - Citigroup (1)
US$3bn were done
2 - JP Morgan (16)
in Mexico, US$2.7bn
in Chile, and
4 - BNP Paribas (11)
US$1.4bn in Brazil.
5 - RBC (3)
Renewables,
6 - HSBC (4)
traditional power,
7 - SG (7)
and oil and gas
8 - Goldman Sachs (10)
bonds were part
9 - UniCredit (31)
of the mix, as
10 - BTMU (13)
were some larger
GLOBAL TOP 10 FOR LOANS
46
refinancing
GLOBAL TOP 10 FOR
ADVISORIES WON
transactions, and
the year saw the
first Green bond
1 - Ernst & Young (1)
used in Americas
2 - PwC (2)
project finance with
3 - KPMG (3)
the Tandem Health
4 - HSBC (7)
Partners issuance.
5 - BNP Paribas (5)
The C$231.5m 32.36 - Credit Agricole (4)
year Green bond
7 - SMBC (9)
issue by Tandem
8 - Green Giraffe Energy Bankers (10)
Health Partners,
9 - SBI Capital (6)
the consortium
10 - Taylor de Jongh (11)
delivering the North
Island Hospitals
Project, was led by National Bank Financial and
Bank of Nova Scotia.
Latin America saw a lot of action in 2014, with
the Japanese lenders that topped global league
tables featuring prominently in a number of the
regions big ticket deals.
The global top three of MUFG, Mizuho and
SMBC were the MLAs on the US$1.13bn debt
financing of Mitsui, MODEC, Mitsui OSK Lines
and Marubenis FPSO Cidade de Caraguatatuba
project in Brazil. It was one of a handful of deals
that topped the billion dollar mark in the region.
Bond markets were also quite active in Latin
America, with a number of large refinancing
deals closed as the project bond market matures.
AES Gener landed US$800m of refinancing
debt backing the Angamos coal-fired project,
with Citigroup, HSBC and JP Morgan global coordinators. Citigroup and JP Morgan were also
leads on the deal that saw GNL Quintero secure
US$1.1bn via the bond market, with a whopping
US$5bn order book.
Asia-Pacific
Project finance activity in Asia-Pacific is starting
to rebound. A total of US$71.7bn worth of
transactions was completed during 2014. This
was 12.7% higher than in the previous year, the
first upward trend seen in the last four years.
PF business in the region peaked in 2010 with a
record volume of US$98.71bn.
Australia continued to stay on top of the AsiaPacific table for the second straight year. It raised
a total of US$37.98bn for 51 Australian deals last
year, with the US$7bn Roy Hill deal leading the
way. Australia had more than half of the regions
total loan volume,
and is in the second
GLOBAL TOP 10 FOR
ADVISORIES CLOSED
spot on the global
list for the number
of deals.
1 - Macquarie (11)
The largest
2 - BNP Paribas (9)
Australian deal
3 - HSBC (6)
last year was the
4 - RBS (2)
Roy Hill iron ore
5 - PwC (5)
project in Western
6 - KPMG (17)
Australia, which
7 - NAB ()
took pride of place
8 - SG (4)
with its funding of
9 - UniCredit (16)
US$9bn that has
10 - Ernst & Young (10)
2014 LEAGUE TABLES
US$7bn of debt.
Considering that the
iron ore price has
1 - JBIC (1)
halved since Roy
2 - Kexim (3)
Hill was funded, it
3 - IFC (4)
is unlikely that an
4 - EBRD (7)
Australian mining
5 - Sace (13)
deal will reach that
magnitude this year.
The A$4bn
MULTILATERAL TOP 5 FOR
DEVELOPED MARKETS
acquisition of
BGs gas pipeline
in Queensland by
1 - JBIC ()
APA added to the
2 - EIB (1)
Australian tally, as
3 - Kexim (2)
did the A$3.7bn
4 - US Ex-Im (7)
North West Rail
5 - EKF (3)
contract. While
mining, pipelines and rail projects featured, the
A$2.9bn acquisition of Shells petroleum refinery
at Geelong saw this sector have its only deal this
year.
There were a number of airport deals and the
Port of Newcastle had a sizeable refinancing. In
New Zealand, the US$778m debt funding of the
Wellington toll road was that countrys biggest
deal and its first for a pure PF road project.
India was the second busiest market, but
behind Australia by a significant US$27bn. Indias
economy may still be weak and there may be
very few significant new greenfield projects,
but the country known for its curries and
papadums managed to register 54 deals worth
US$11bn still a very impressive feat. With the
newly elected Modi leadership, India offers many
opportunities in next few years as demand and
the requirement for infrastructure development
remain strong. Globally, India was ranked fourth,
after the US, Australia and UK.
The top arranger in Asia-Pacific was the State
Bank of India or SBI Capital, this despite Australia
being the biggest market, and not India. The
countrys largest state bank, has been consistent,
holding the crown as top arranger consecutively
since 2005. Thats an impressive 10 years in a
row. It also has held the global top arranger
position for three years (20092011), but the
domestic economic and financial issues in the last
two to three years had resulted in less lending
activities.
Following closely behind is Commonwealth
Bank of Australia (CBA) with US$5.02bn of deals,
which were largely in Australia. Westpac and
NAB, two other Australian banks, are ranked
fourth and sixth respectively. The Japanese
banks, too, are never far away. BTMU is leading
the pack, being
third in the region;
AMERICAS TOP 5 FOR
LOAN ARRANGERS
and SMBC and
Mizuho are fifth and
1 - BTMU (1)
ninth, respectively.
2 - SMBC (5)
Globally, however, it
3 - Mizuho (6)
is a different picture.
The three Japanese
5 - Citigroup (16)
mega banks are
MULTILATERAL TOP 5 FOR
EMERGING MARKETS
the top three global

arrangers.
EMEA
ASIA PACIFIC TOP 5 FOR

LOAN ARRANGERS
1 - SBI Capital (1)
The project finance

2 - CBA (7)
loan market in the
3 - BTMU (3)
Europe, Middle East
4 - ANZ (10)
& Africa (EMEA)
5 - SMBC (9)
region rose a little
in 2014, up 6.8% to US$95bn. The UK volume
total remained the same as in 2013 at US$16.5bn,
as did Turkeys, which came in second in the
rankings at US$8.5bn. The UK market had a real
mix of financings while this year Turkey was
boosted by the Star Refinery deal plus the first
hospital PPP financings.
The Middle East market bought in U$13.2bn,
down from US$18bn in 2013 a year that
included the mega Sadara financing. This year
the big deal in the Middle East was the Maaden
phosphate financing. Africa saw volumes slip
to US$8.1bn from US$11bn as Nigeria fell from
US$4.6bn to US$1.4bn. Norway saw a big jump
from zero to US$5.9bn, on the back of oil and gas
deals such as Det norske.
Bond issuance in Europe moved up 1% from
US$15.9bn to US$17.8bn while in the Middle
East it rose from US$2bn to US$2.3bn, mainly on
the back of the Tamar gas bond issue in Israel.
One disturbing trend is a marked slowdown in
new advisory mandates awarded in the region.
New advisory mandates fell by 80 to 168. The
number of new mandates fell across the board
from private sector mandates, to government
mandates, to bid competition mandates.
French mandates moved back up to the top
of the tables in 2014 in EMEA although the
Japanese still remain very strong. BNP Paribas
topped the EMEA loan table followed by SMBC
and BTMU. The other seven places in the Top 10
were filled by European banks led by ING and
Credit Agricole. Mizuho was 11th.
Power deals in the region rose strongly in 2014,
perhaps surprisingly. The volume in this sector
was US$27.4bn, up 37% on 2013. Transportation
fell by 24% to US$19.3bn while oil and gas
remained the same at US$19.9bn.
Prospects for 2015 are interesting, to say the
least. On the one hand, there is an excess of debt
supply with a range of debt providers short
and long term now in the market. Margins and
underlying swap rates are reaching record lows,
meaning project sponsors and project clients can
get an excellent cost of funds right now.
On the other hand, deal flow is constrained by
the continuing austerity in the European region,
as shown by the
fall in advisories.
EMEA TOP 5 FOR
LOAN ARRANGERS
In addition, the oil
and gas sector across
the EMEA region
1 - BNP Paribas (7)
is under pressure
2 - SMBC (2)
given the collapse
3 - BTMU (3)
in the oil price. So
4 - ING (11)
welcome to 2015! n
47
GLOBAL INITIAL MANDATED LEAD ARRANGERS

Mandated arrangers
US$(m)
No of deals
Mandated arrangers
US$(m)
No of deals
1 Mitsubishi UFJ
16,226.9
6.1
139
64 Nordea
661.9
0.3
2 SMBC
13,451.0
5.1
112
65 Credit Suisse
648.1
0.3
3 Mizuho Financial
9,848.0
3.7
80
66 Investec
643.0
0.2
4 BNP Paribas
9,002.6
3.4
73
67 Standard Bank
629.2
0.2
5 Credit Agricole
8,054.3
3.1
80
=68 GE Financial
594.1
0.2
6 ING
7,555.0
2.9
77
=68 Kasikornbank
594.1
0.2
7 CBA
7,276.5
2.8
53
=70 Turkiye Halk Bankasi
582.0
0.2
8 HSBC
6,883.6
2.6
48
=70 Turkiye Is Bankasi
582.0
0.2
9 SG
6,393.5
2.4
67
565.9
0.2
10 SBI Capital
5,646.8
2.1
25
=73 National Bank of Canada Finl
557.5
0.2
11 Natixis
5,505.0
2.1
77
=73 Woori Financial
557.5
0.2
11
12 Santander
4,855.2
1.8
51
75 Gazprombank
539.2
0.2
13 Citi
4,447.6
1.7
35
76 Bangkok Bank
539.0
0.2
14 KDB
4,264.3
1.6
23
77 Hypo Real Estate
534.6
0.2
15 ANZ
4,177.9
1.6
34
78 Ziraat Bankasi
507.0
0.2
16 NAB
4,121.5
1.6
31
79 Siam Commercial Bank
501.8
0.2
17 Westpac Banking
72 Credit Mutuel
4,119.7
1.6
24
80 Itau Unibanco
500.0
0.2
18 Scotiabank
4,036.7
1.5
29
81 Capital One Financial
485.7
0.2
19 Deutsche Bank
3,934.7
1.5
33
82 Rand Merchant Bank
475.7
0.2
20 KfW IPEX-Bank
3,783.1
1.4
28
83 Shinsei Bank
472.0
0.2
21 RBC Capital Markets
3,738.0
1.4
27
=84 KB Financial
467.1
0.2
22 Bank of America Merrill Lynch
3,560.4
1.4
26
=84 Shinhan Financial
467.1
0.2
3,121.9
1.2
30
86 Groupe BPCE
466.5
0.2
24 Barclays
2,996.5
1.1
20
87 Development Bank of Japan
463.6
0.2
25 CIBC World Markets
2,874.4
1.1
20
88 SunTrust Banks
440.1
0.2
26 JP Morgan
2,582.2
1.0
14
89 IDBI Bank
435.9
0.2
27 BBVA
2,432.8
0.9
26
90 Investissement Quebec
412.4
0.2
28 Standard Chartered
2,288.5
0.9
24
91 Swedbank
388.4
0.2
29 DNB ASA
23 RBS
2,209.5
0.8
18
92 NongHyup Financial
376.0
0.1
30 Morgan Stanley
1,987.7
0.8
14
93 MetLife
375.2
0.1
31 UniCredit
1,937.3
0.7
27
94 Landesbank Baden-Wurttemberg
359.6
0.1
32 OCBC
1,795.5
0.7
12
95 Korea Exchange Bank
355.0
0.1
33 Goldman Sachs
1,601.3
0.6
12
96 Ecobank Transnational
350.0
0.1
34 SEB
1,596.1
0.6
17
97 Bank Nederlandse Gemeenten
342.8
0.1
98 CoBank ACB
342.6
0.1
99 Cassa Depositi e Prestiti
342.4
0.1
35 DBS
1,593.8
0.4
14
36 ICICI Bank
1,588.5
0.6
37 ICBC
1,473.8
0.6
13
100 National Bank of Abu Dhabi
338.9
0.1
38 Intesa Sanpaolo
1,479.6
0.6
17
101 Aozora Bank
335.8
0.1
39 Nord/LB
1,377.7
0.5
22
102 UBS
335.1
0.1
40 UOB
1,370.8
0.5
103 Banco do Brasil
333.4
0.1
1,121.1
0.4
17
104 Mid-Capital
317.8
0.1
41 Rabobank
42 Sumitomo Mitsui Trust
1,117.7
0.4
10
105 Banque Saudi Fransi
290.8
0.1
43 BMO Capital Markets
1,113.9
0.4
13
106 Mediobanca
286.5
0.1
44 IDFC
1,108.8
0.4
12
45 Bayerische Landesbank Giro
1,087.6
0.4
14
46 Garanti Bank
1,032.0
0.4
47 Lloyds Bank
995.1
48 ABN AMRO Bank

49 Wells Fargo
50 Macquarie Group
268.9
0.1
=108 Attijariwafa Bank
268.0
0.1
=108 Banque Centrale Populaire
268.0
0.1
0.4
110 Bank of Philippine Islands
264.8
0.1
958.5
0.4
10
111 Norhukin Bank
264.3
0.1
942.9
0.4
112 LH Financial
261.7
0.1
924.8
0.4
113 Caixa Geral de Depositos
255.3
0.1
51 Axis Bank
911.4
0.3
114 Metropolitan Bank & Trust
253.3
0.1
52 Banobras
907.7
0.3
115 Dexia
251.6
0.1
53 Siemens Financial Services
853.4
0.3
13
116 Grupo Financiero Inbursa
250.0
0.1
54 HSH Nordbank
847.5
0.3
117 Bancolombia
248.5
0.1
55 CaixaBank
826.1
0.3
10
118 Banco Espirito Santo
240.2
0.1
56 Banco De Oro Unibank
807.8
0.3
119 Shinkin Central Bank
235.5
0.1
57 Landesbank Hessen-Thueringen
804.5
0.3
12
120 Banco Popular Espanol
233.2
0.1
58 Bank of China
790.5
0.3
121 BMPS
230.5
0.1
717.9
0.3
122 Arab Banking oration
226.7
0.1
694.6
0.3
123 Grupo Aval Acciones y Valores
224.9
0.1
61 CIT Group
676.8
0.3
124 Abu Dhabi Islamic Bank
223.8
0.1
62 Nedbank Capital
672.0
0.3
125 First Gulf Bank
207.7
0.1
63 KeyBanc Capital Markets
667.8
0.3
16
126 DGZ-DekaBank
207.2
0.1
59 DZ Bank
60 Yapi Ve Kredi Bankasi
48
107 KBC Group NV
2014 LEAGUE TABLES
GLOBAL INITIAL MANDATED LEAD ARRANGERS CONTINUED

Mandated arrangers
US$(m)
127 Banco BTG Pactual SA
205.0
%
0.1
No of deals
1
=188 TC Ziraat Bankasi
Mandated arrangers
US$(m)
75.0
%
0
No of deals
1
128 Abu Dhabi Commercial Bank
201.7
0.1
=188 Turkiye Vakiflar Bankasi
75.0
129 Canara Bank
194.1
0.1
=192 Al Khaliji Commercial Bank
70.5
130 National Bank of Greece
191.3
0.1
=192 Arab Bank
70.5
131 Sparebanken Oslo Akershus
187.5
0.1
=194 Caja de Ahorros y M Zaragoza
60.3
132 Caterpillar Financial Services
184.1
0.1
=194 Instituto Credito Casse Risp.
60.3
133 Banco de Credito de Bolivia
183.5
0.1
=196 Bank Deopzytow-Kreditowy
60.2
134 US Ban
181.8
0.1
=196 PZU SA
60.2
135 Bank Gospodarstwa Krajowego
177.7
0.1
=198 Banco La Capitalizadora Hondur
60.0
136 First City Group
176.7
0.1
=198 Peoples Bank of China
60.0
137 Commerzbank
176.1
0.1
=200 Liberbank
58.8
138 CIMB
166.7
0.1
=200 Novacaixagalicia
58.8
139 Portigon
166.1
0.1
=202 Bank of Taiwan
58.3
140 Unione di Banche Italiane
161.9
0.1
=202 Chang Hwa Commercial Bank
58.3
=141 Banco de Occidente
159.9
0.1
=202 CTBC Financial
58.3
=141 Sociedades Bolivar
159.9
0.1
=202 Land Bank of Taiwan
58.3
143 Banca
153.8
0.1
=202 Mega Financial
58.3
144 Banco de Sabadell
147.5
0.1
=202 Taishin International Bank
58.3
=145 Banque Audi
143.0
0.1
=202 Taiwan Cooperative Bank
58.3
=145 Banque Misr
143.0
0.1
209 Societe Arabe Intle de Banque
57.2
=147 Chiba Bank
142.9
0.1
210 National Bank of Kuwait
56.8
=147 Shizuoka Bank
142.9
0.1
211 Travelers Capital
56.2
149 Malayan Banking
138.9
0.1
=212 Manulife Financial
55.8
150 Danske Bank
132.7
0.1
=212 Stonebridge Bank
55.8
=151 Ahli United Bank
131.2
0.1
214 77 Bank
54.8
=151 Bank Dhofar
131.2
0.1
215 Bankinter
54.6
=151 Bank Muscat
131.2
0.1
=216 Alpha Bank
53.6
=151 National Bank of Oman
131.2
0.1
=216 EFG Group
53.6
=151 Natl Comml Bank Saudi Arabia
131.2
0.1
=216 Piraeus Bank
53.6
=151 Oman Arab Bank
131.2
0.1
119 Banca Popolare di Milano
53.1
=151 Qatar National Bank
131.2
0.1
220 Alfalfa County Bank
51.8
=151 Sohar Bank
131.2
0.1
221 Emirates NBD
48.3
159 Bank of India
128.2
0.1
222 HDFC Bank
47.9
160 Sberbank
125.0
0.1
223 Erste Group
47.3
161 Bankia
118.1
=224 Ceska Statni Sporitelna
46.4
162 Credit Mutuel Arkea
115.8
=224 HYPO NOE Gruppe Bank
46.4
163 Bank of Ireland
115.7
226 TMB Bank
43.8
164 OneWest Bank
114.8
227 Deutscher Sparkassen & Giro
43.7
165 NIBC
111.7
228 Banco Popolare
43.2
166 Clifford Capital
111.5
229 Nykredit A/S
38.2
167 Depfa Deutsche Pfandbriefbank
110.4
230 Development Bank of S. Africa
35.5
168 Raiffeisen Bank International
108.9
231 Gjensidige NOR Sparbank
34.6
169 Hua Nan Financial
108.8
=232 Land Bank of the Philippines
33.5
170 Associated Banc
106.7
=232 Philippine National Bank
33.5
171 Desjardins
101.4
=232 Security Bank & Trust
33.5
172 Capital Credit
100.1
235 Sparkasse in Bremen
32.1
173 Yes Bank
97.0
236 San-in Godo Bank
32.0
174 Industrial Bank of Korea
96.9
237 Banco Bradesco
30.9
175 Union National Bank of UAE
93.8
238 Nederlandse Fin.-Maat.
30.0
176 La Banque Postale
92.3
239 Banca Popolare Commercio Ind
29.6
=177 ASN Bank
88.9
240 Banco Mare Nostrum
29.5
=177 Triodos Bank
88.9
241 Banesco Banco Universal
28.7
179 Handelsbanken Capital Markets
86.8
=242 Citizens Bk of Philadelphia
28.6
180 Metrobank
83.6
=242 First Niagara Financial
28.6
181 Banque Marocaine du Comm Ext
82.9
=242 Huntington Bancshares
28.6
182 Banco Portugues Investimento
81.7
28.2
80.9
=246 Barwa Bank QSC
25.0
=184 Al Hilal Islamic Bank
80.8
=246 Commercial Bank International
25.0
=184 Dubai Islamic Bank
80.8
=246 Commercial Bank of Dubai
25.0
80.6
23.7
183 Allied Irish Banks
186 Comerica
187 Toho Bank
245 RHB
249 Banca Popolare Emilia Romagna
75.6
=250 Banco Aliado
23.6
=188 AK Bank
75.0
=250 Banco Industrial do Brasil
23.6
=188 Bank Commerce Al-Habib
75.0
=250 Banco Latin Americano Export
23.6
49
GLOBAL INITIAL MANDATED LEAD ARRANGERS CONTINUED

Mandated arrangers
US$(m)
=250 Multibank
Mandated arrangers
23.6
264 European Arab Bank
11.9
=250 National Reserve
23.6
265 Dvlp Bk of Namibia
7.0
266 Showa Leasing
=250 Popular ,Hato Rey
US$(m)
No of deals
No of deals
23.6
5.8
256 Saigon-Hanoi Bank
23.0
=267 Banca di Carnia e Gemonese
5.5
257 Gulf International Bank
22.5
=267 Banca Popolare dellAlto Adige
5.5
258 Unicaja
19.4
=267 Mediocredito del Trentino
5.5
259 Chugoku Bank
19.1
2.3
260 Indonesia Infrastructure Fin
17.9
260,250.9
100.0
704
261 ICCREA
17.2
*Proportional Credit
262 Banco di Napoli
13.4
263 Hokuto Bank
12.1
270 Hana Financial
Total*
Source: Thomson Reuters
GLOBAL LOANS BY COUNTRY

Nation
US$(m)
United States of America
60,157.5
22.8
Australia
37,982.8 14.4 51
Poland
718.5 0.3 5
United Kingdom
16,537.9
Ecuador
709.0 0.3 2
India
11,019.2 4.0 55
Egypt
618.1 0.2 3
Brazil
9,481.9 3.6 22
Malaysia
592.1 0.2 3
Canada
9,298.2 3.5 32
Romania
553.7 0.2 5
Turkey
8,580.2 3.2 12
Austria
403.2 0.2 6
France
6,835.7 2.6 61
Surinam
312.7 0.1 2
Norway
5,896.9 2.2 11
Denmark
297.3 0.1 1
Netherlands
5,332.3 2.0 8
Greece
277.2 0.1 3
Japan
4,977.4 1.9 47
Honduras
274.0 0.1 2
South Korea
4,937.5
Dominican Republic
260.0
Mexico
4,686.9 1.8 12
Belgium
240.5 0.1 2
Saudi Arabia
4,458.1
1.7
Jordan
234.8 0.1 7
Russian Federation
4,373.4
1.7
Ivory Coast
213.0
Indonesia
4,268.4 1.6 8
Portugal
Sweden
4,195.8 1.6 2
South Africa
208.2
Peru
3,531.2 1.3 10
Azerbaijan
200.0 0.1 1
Germany
3,380.0 1.3 16
Kazakhstan
200.0 0.1 1
Italy
3,246.9 1.2 20
Mongolia
200.0 0.1 1
Finland
3,230.4 1.2 5
Guyana
185.0 0.1 1
Zambia
3,212.0 1.2 3
Uruguay
174.5 0.1 2
Oman
3,101.0 1.2 3
Cape Verde
160.0
United Arab Emirates
2,837.0
Uganda
160.0 0.1 1
6.3
1.9
1.1
No of deals
124
40
14
Nation
Laos
US$(m)
No of deals
728.7 0.3 2
0.1
0.1
211.1 0.1 2
0.1
0.1
Thailand
2,762.5 1.0 6
Barbados
150.0 0.1 1
Ghana
2,500.0 1.0 3
Chad
140.0 0.1 1
Turkmenistan
2,494.2 0.9 2
Czech Republic
139.3
Spain
2,421.0 0.9 11
Namibia
137.0 0.1 2
Morocco
Dem Rep of the Congo
135.0
Guernsey
133.2 0.1 1
Hungary
1,771.6 0.7 1
Bulgaria
125.0 0.1 1
Chile
1,475.3 0.6 9
Cayman Islands
100.0
Republic of Ireland
1,410.3
Myanmar(Burma)
85.0 0 1
Nigeria
1,378.5 0.5 3
Georgia
80.0 0 1
China
1,119.0 0.4 7
Kuwait
56.8 0 1
Colombia
1,101.1 0.4 3
Croatia
55.5 0 1
Panama
986.8 0.4 5
Vietnam
23.0 0 1
Singapore
913.5 0.3 2
Serbia
New Zealand
791.2
Total
50
0.5
0.3
0.1
1,879.0 0.7 5
Philippines
2,177.1 0.8 2
0.1
19.5 0 1
260,250.9
100.0
704
2014 LEAGUE TABLES
GLOBAL LOANS BY SECTOR

Sector
Volume (US$m)
Power 83,533.5
Oil & Gas
66,005.0
Transportation 51,122.5
Mining 18,880.6
Industry 16,015.0
Petrochemicals 11,189.5
PPP 9,028.4
Telecommunications 1,847.2
Water & Sewerage
1,161.2
Waste & Recycling
853.2
Agriculture & Forestry
Total
88.7
259,724.8
AMERICAS INITIAL MANDATED LEAD ARRANGERS

Lead manager
Mitsubishi UFJ Financial
Volume (US$m)
8,178.3
%
8.4
No of deals Deals
70
Cameron LNG LLC (United States, 264.3), Sociedad Minera Cerro Verde SA (Peru, 100.0), Keenan II (United States, 33.3),
White Pine Financial LLC (United States, 93.0), Atlantic Power Project (United States, 52.5), Bicent [California] Power LLC
(United States, 54.7), First Wind Route 66 Portfolio (United States, 101.8), Calpine Constr Finance Co LP (United States,
70.8), Japan Canada Oil Sands Ltd (Canada, 150.0), Whitewater & Cottage Grove (United States, 16.5), Calpine Devlpment
Holdings Inc (United States, 75.0), Copper Mountain Solar 3 LLC (United States, 61.2), K2 Wind Ontario (Canada, 55.8),
Merritt Green Energy LP (Canada, 36.8), FPSO Cidade de Caraguatatuba (Brazil, 225.8), NRG Energy Inc (United States,
142.9), LSP Hudson Generation (United States, 48.3), Mesquite Creek Wind LLC (United States, 96.2), Sabine Pass
Liquefaction LLC (United States, 46.4), Northland Power Solar IV (Canada, 48.0), AES Shady Point (United States, 14.5),
York Energy Centre (Canada, 48.3), CSOLAR 4 West (United States, 75.9), Bluewater Wind (Canada, 52.2), Lone Star
Transmission LLC (United States, 30.0), Freeport Power (United States, 65.3), Lea Power Partners LLC (United States,
49.3), Memorial Resource Dvlp Ltd (United States, 80.6), Newark Energy Center (United States, 82.7), Oneta Energy
[Calpine Corp] (United States, 122.8), FLNG (United States, 591.0), Alpine Solar Power Facility (United States, 41.8),
Border Winds Energy LLC (United States, 44.5), Carville Energy (United States, 36.0), Decatur Energy (United States, 51.0),
Pleasant Valley Wind LLC (United States, 57.1), VIG (United States, 450.0), Mountain View Solar (United States, 45.6),
NRG Marsh (United States, 92.7), GWF Energy LLC (United States, 62.0), Kingston Solar LP (Canada, 94.1), Techgen
(Mexico, 66.7), Alfa Lula (Brazil, 111.5), Astoria II Power Plant (United States, 184.6), Panama Linea Uno Extension
(Panama, 142.1), Kelar (Chile, 119.2), Etesco Construcoes (Brazil, 91.7), CPV Maryland (United States, 78.5), Stephens Ranch
Wind Energy II (United States, 100.2), VIG (United States, 16.0), Des Moulins Wind Power LP (Canada, 6.1), Cross Texas
Transmission (United States, 74.8), Interstate 4 (United States, 96.6), South Peruvian Pipeline (Peru, 120.0), TPF II/
Rolling Hills Portfolio (United States, 422.5), NY Parking (United States, 51.3), Range Resources Corp (United States,
181.8), WCEP Holdings LLC (United States, 46.7), Walnut Creek Gas-Fired Project (United States, 512.3), Armow Wind
(Canada, 57.4), Southeast PowerGen LLC (United States, 183.5), Panda Stonewall (United States, 125.0), Pinyon Pines II
(United States, 30.9), Pinyon Pines (United States, 35.3), FLNG Liquefaction 2 LLC (United States, 161.0), Samay I (Peru,
77.8), McCoy Solar Funding LLC (United States, 85.0), Sentinel Energy Project (United States, 719.0), Sasol Chemicals
[USA] LLC (United States, 269.3), Pheasant Run Wind Phease I (United States, 51.1)
Cameron LNG LLC (United States, 614.3), Sociedad Minera Cerro Verde SA (Peru, 100.0), White Pine Financial LLC (United
SMBC
4,671.5
4.8
39
States, 93.0), Kelar (Chile, 81.8), Copper Mountain Solar 3 LLC (United States, 61.2), K2 Wind Ontario (Canada, 55.8), FPSO
Cidade de Caraguatatuba (Brazil, 225.8), NRG Energy Inc (United States, 142.9), Mesquite Creek Wind LLC (United States,
96.2), Northland Power Solar IV (Canada, 48.0), Bluewater Wind (Canada, 52.2), Freeport Power (United States, 65.3),
Lea Power Partners LLC (United States, 49.3), Delta House FPS (United States, 100.0), FLNG (United States, 591.0),
Techgen (Mexico, 66.7), Alfa Lula (Brazil, 111.5), Amaggi Expansion (Brazil, 200.0), Midway Peaking LLC (United States,
19.5), Panama Linea Uno Extension (Panama, 142.1), Kelar (Chile, 119.1), Etesco Construcoes (Brazil, 91.7), Tisur Mineral
Port (Peru, 70.0), South Peruvian Pipeline (Peru, 120.0), Las Vegas Arena (United States, 28.6), NY Parking (United States,
61.3), Safe Harbor (United States, 112.0), Avalon Solar Partners LLC (United States, 135.0), OOGTK Libra GmbH & Co KG
(Brazil, 35.4), Armow Wind (Canada, 57.4), Cobra Ingenieria Uruguay SA (Uruguay, 42.2), Pinyon Pines II (United States,
30.9), Pinyon Pines (United States, 35.3), KAL ABS 15 Cayman Ltd (Cayman Islands, 50.0), FLNG Liquefaction 2 LLC
(United States, 161.0), Walsh Infrastructure Credit (Canada, 80.0), Los Ramones South Pipeline (Mexico, 178.2), Samay I
(Peru, 77.8), Sasol Chemicals [USA] LLC (United States, 269.3)
Cameron LNG LLC (United States, 264.3), Sociedad Minera Cerro Verde SA (Peru, 100.0), SunE Westbrook LP (Canada,
Mizuho Financial
4,544.8
4.7
34
53.9), Kelar (Chile, 81.8), Oro-Medonte Solar Farm Inc (Canada, 42.8), Japan Canada Oil Sands Ltd (Canada, 150.0),
Copper Mountain Solar 3 LLC (United States, 61.2), K2 Wind Ontario (Canada, 55.8), FPSO Cidade de Caraguatatuba
(Brazil, 225.8), Mesquite Creek Wind LLC (United States, 96.2), Sabine Pass Liquefaction LLC (United States, 46.4),
Energia Sierra Juarez (Mexico, 270.0), Northland Power Solar IV (Canada, 48.0), Freeport Power (United States, 65.3),
FLNG (United States, 591.0), Alpine Solar Power Facility (United States, 41.8), Petra Nova Parish Holdings LLC (United
States, 75.0), Alfa Lula (Brazil, 111.5), Petrobras 12 FPSOs (Brazil, 500.0), Kelar (Chile, 119.2), Etesco Construcoes (Brazil,
91.7), Tisur Mineral Port (Peru, 70.0), Kitsault Molybdenum Mine (Canada, 122.4), Solar Star California XIII LLC (United
51
AMERICAS INITIAL MANDATED LEAD ARRANGERS CONTINUED

Lead manager
Volume (US$m)
No of deals Deals
States, 126.0), Armow Wind (Canada, 57.4), Mackenzie Valley Fibre Link (Canada, 71.2), Kerwood Wind LP (Canada, 78.1),
Bornish Wind LP (United States, 88.0), FLNG Liquefaction 2 LLC (United States, 161.0), Trans Pacific Shipping 4 Ltd
(Panama, 38.8), Eurus Combine Hills II (United States, 81.0), McCoy Solar Funding LLC (United States, 239.0), Sasol
Chemicals [USA] LLC (United States, 269.3), Pheasant Run Wind Phease I (United States, 51.1)
Cameron LNG LLC (United States, 121.5), Sociedad Minera Cerro Verde SA (Peru, 100.0), Ports America Holdings Inc
Credit Agricole
3,305.1
3.4
34
(United States, 118.8), Rensselaer Gas Cycle Pwr Plnt (United States, 153.3), Covanta Energy Waste-to-Energy (United
States, 59.0), Calpine Devlpment Holdings Inc (United States, 75.0), Copper Mountain Solar 3 LLC (United States, 61.2),
K2 Wind Ontario (Canada, 55.8), LSP Hudson Generation (United States, 48.3), Sabine Pass Liquefaction LLC (United
States, 46.4), Transmisora Baquedano (Chile, 25.4), Sinochem Petroleum USA LLC (United States, 83.3), Bayonne Energy
(United States, 138.8), Memorial Resource Dvlp Ltd (United States, 80.6), Newark Energy Center (United States, 82.7),
Delta House FPS (United States, 100.0), NRG Marsh (United States, 92.7), Techgen (Mexico, 66.7), Alfa Lula (Brazil, 111.5),
Astoria II Power Plant (United States, 184.6), CPV Maryland (United States, 78.5), Tisur Mineral Port (Peru, 70.0), Cross
Texas Transmission (United States, 65.0), Interstate 4 (United States, 96.6), Conc Rota Oeste (Brazil, 52.5), Solar Star
California XIII LLC (United States, 126.0), Range Resources Corp (United States, 181.8), Armow Wind (Canada, 57.4),
Oregon Clean Energy (United States, 64.7), Cobra Ingenieria Uruguay SA (Uruguay, 42.2), FLNG Liquefaction 2 LLC
(United States, 161.0), Los Ramones South Pipeline (Mexico, 178.2), McCoy Solar Funding LLC (United States, 85.0),
SWG Finco LLC (United States, 240.7)
26
Fermaca (Mexico, 70.0), Sociedad Minera Cerro Verde SA (Peru, 100.0), Viva Alamo LLC (United States, 307.5), Midstates
Petroleum Co Inc (United States, 39.6), NRG Energy Inc (United States, 142.9), Vanguard Natural Resources LLC (United
States, 350.0), Sabine Oil & Gas LLC (United States, 142.9), Sabine Oil & Gas LLC (United States, 121.4), Sinochem
Petroleum USA LLC (United States, 83.3), TerraForm Power Inc (United States, 88.0), Memorial Resource Dvlp Ltd
(United States, 80.6), Gemini HDLPE LLC (United States, 210.0), Techgen (Mexico, 66.7), Stephens Ranch Wind Energy
II (United States, 53.5), Dominican Power Partners (Dominican Rep, 23.6), Cross Texas Transmission (United States, 65.0),
Las Vegas Arena (United States, 28.6), Range Resources Corp (United States, 181.8), OOGTK Libra GmbH & Co KG (Brazil,
35.4), Southeast PowerGen LLC (United States, 183.5), New Mexico City International (Mexico, 250.0), Viva Alamo LLC
(United States, 80.0), Terra-Gen Finance Co LLC (United States, 81.3), Brava Star Ltd (Brazil, 59.6), Logans Gap Wind LLC
(United States, 82.4), Sasol Chemicals [USA] LLC (United States, 269.3)
Carrix Inc (United States, 110.4), La Paloma Generating Station (United States, 36.7), Atlantic Power Project (United States,
Citi
Bank of America Merrill Lynch
3,196.7
3,187.7
3.3
3.3
19
352.5), Calpine Constr Finance Co LP (United States, 70.8), Hammerhead Solar LLC (United States, 73.3), Covanta Energy
Waste-to-Energy (United States, 59.0), Midstates Petroleum Co Inc (United States, 39.6), NRG Energy Inc (United States,
142.9), Sabine Oil & Gas LLC (United States, 121.4), Sabine Oil & Gas LLC (United States, 142.9), Memorial Resource Dvlp
Ltd (United States, 80.6), Houston Fuel Oil Terminal Co (United States, 208.3), ExGen Texas Power LLC (United States,
695.0), TPF II/Rolling Hills Portfolio (United States, 422.5), Vivint Solar Financing I LLC (United States, 87.5), Las Vegas
Arena (United States, 28.6), Range Resources Corp (United States, 181.8), Oregon Clean Energy (United States, 64.7),
Sasol Chemicals [USA] LLC (United States, 269.3)
ING
3,116.4
3.2
36
Ports America Holdings Inc (United States, 118.8), Eagle Creek Renewable Energy (United States, 58.5), Baffinland Iron
Mines Corp (Canada, 75.0), Calpine Devlpment Holdings Inc (United States, 75.0), Summit Natural Gas of Maine (United
States, 65.0), FPSO Cidade de Caraguatatuba (Brazil, 225.8), Ministerie van Financien (Surinam, 37.7), LSP Hudson
Generation (United States, 48.3), AES Shady Point (United States, 14.5), AU Solar 2 (United States, 41.7), York Energy
Centre (Canada, 48.3), Constancia Mining Project,Lima (Peru, 75.0), Newark Energy Center (United States, 82.7), Oneta
Energy[Calpine Corp] (United States, 122.8), Carville Energy (United States, 36.0), Decatur Energy (United States, 51.0),
NRG Marsh (United States, 92.7), GWF Energy LLC (United States, 62.0), Alfa Lula (Brazil, 111.5), Etesco Construcoes
(Brazil, 91.7), CPV Maryland (United States, 78.5), Teck Resources-Morelos Project (Mexico, 75.0), Aurora Gold (Guyana,
61.7), Cross Texas Transmission (United States, 9.8), Vivint Solar Financing I LLC (United States, 87.5), NY Parking (United
States, 51.3), CAL (Barbados, 150.0), OOGTK Libra GmbH & Co KG (Brazil, 35.4), Oregon Clean Energy (United States,
64.7), Terra-Gen Finance Co LLC (United States, 81.3), Brava Star Ltd (Brazil, 59.6), FLNG Liquefaction 2 LLC (United
States, 161.0), Sasol Chemicals [USA] LLC (United States, 269.3)
Sociedad Minera Cerro Verde SA (Peru, 100.0), Sudeste Port (Brazil, 1,506.1), LSP Hudson Generation (United States,
BNP Paribas
2,972.8
3.1
19
48.3), Tenaska Gateway Partners Ltd (United States, 17.8), Constancia Mining Project,Lima (Peru, 75.0), GPRE
Ethanol (United States, 112.5), CSOLAR 4 West (United States, 75.9), Oneta Energy[Calpine Corp] (United States, 122.8),
Carville Energy (United States, 36.0), Decatur Energy (United States, 51.0), Techgen (Mexico, 66.7), Teck
Resources-Morelos Project (Mexico, 75.0), Kitsault Molybdenum Mine (Canada, 122.4), Cross Texas Transmission
(United States, 74.8), Cntrl Resources do Brasil (Brazil, 65.0), Oregon Clean Energy (United States, 64.7),
Brava Star Ltd (Brazil, 59.6), LS Power Solar Holdings (United States, 30.0), Sasol Chemicals [USA] LLC
(United States, 269.3)
Cia Siderurgica Pecem (Brazil, 300.0), Cameron LNG LLC (United States, 121.5), Carrix Inc (United States, 110.4), Sociedad
Santander
2,830.3
2.9
26
Minera Cerro Verde SA (Peru, 100.0), Bicent [California] Power LLC (United States, 54.7), First Wind Route 66 Portfolio
(United States, 101.8), Ventika II (Mexico, 122.5), Ventika (Mexico, 120.0), CSOLAR 4 West (United States, 75.9), TerraForm
Power Inc (United States, 88.0), Alpine Solar Power Facility (United States, 41.8), Techgen (Mexico, 66.7), Abent 3T
(Mexico, 60.0), Astoria II Power Plant (United States, 184.6), Grupo Unidos por el Canal SA (Panama, 57.8), Red Horse
Wind 2 LLC (United States, 191.9), Des Moulins Wind Power LP (Canada, 6.1), Coruripe Refinancing (Brazil, 123.3),
NY Parking (United States, 51.3), Green Pastures Wind I LLC (United States, 84.0), Solar Star California XIII LLC (United
52
2014 LEAGUE TABLES

Lead manager
Volume (US$m)
No of deals Deals
States, 126.0), Chiloe-Chacao Bridge Co (Chile, 115.0), Sao Paulo Sustainable (Brazil, 300.0), Pinyon Pines II (United States,
30.9), Pinyon Pines (United States, 35.3), FLNG Liquefaction 2 LLC (United States, 161.0)
10
Natixis
2,668.3
2.7
26
Baffinland Iron Mines Corp (Canada, 75.0), Glenarm Solar (Canada, 17.3), CFE Valle de Mexico (Mexico, 90.0), Midstates
Petroleum Co Inc (United States, 31.3), Merritt Green Energy LP (Canada, 36.8), Midstates Petroleum Co Inc (United States,
39.6), Sabine Oil & Gas LLC (United States, 142.9), Sabine Oil & Gas LLC (United States, 121.4), Memorial Resource Dvlp
Ltd (United States, 80.6), Newark Energy Center (United States, 82.7), Kingston Solar LP (Canada, 101.3), Techgen
(Mexico, 66.7), Alfa Lula (Brazil, 111.5), Astoria II Power Plant (United States, 184.6), Kelar (Chile, 119.1), CPV Maryland
(United States, 78.5), Tisur Mineral Port (Peru, 70.0), South Peruvian Pipeline (Peru, 120.0), Consorcio Shushufindi SA (
Ecuador, 66.7), FLNG Liquefaction 2 LLC (United States, 161.0), Astoria Energy LLC (United States, 388.5), Los Ramones
South Pipeline (Mexico, 178.2), Cerro Dominador (Chile, 50.0)
11
Cameron LNG LLC (United States, 264.3), Carrix Inc (United States, 110.4), Sociedad Minera Cerro Verde SA (Peru, 100.0),
SG
2,404.4
2.5
24
Hammerhead Solar LLC (United States, 73.3), Copper Mountain Solar 3 LLC (United States, 61.2), K2 Wind Ontario
(Canada, 55.8), Midstates Petroleum Co Inc (United States, 39.6), Sabine Pass Liquefaction LLC (United States, 46.4),
Delta House FPS (United States, 100.0), Border Winds Energy LLC (United States, 44.5), Pleasant Valley Wind LLC (United
States, 57.1), Nodin Kitagan Ltd (Canada, 39.7), Alfa Lula (Brazil, 111.5), Astoria II Power Plant (United States, 184.6),
Etesco Construcoes (Brazil, 91.7), Teck Resources-Morelos Project (Mexico, 75.0), Interstate 4 (United States, 96.6), Safe
Harbor (United States, 112.0), Armow Wind (Canada, 57.4), Ocotillo Express LLC (United States, 57.2), FLNG Liquefaction 2
LLC (United States, 161.0), Samay I (Peru, 77.8), Logans Gap Wind LLC (United States, 118.1), Sasol Chemicals [USA] LLC
12
Ports America Holdings Inc (United States, 118.8), Atlantic Power Project (United States, 52.5), Calpine Devlpment
RBC Capital Markets
2,131.8
2.2
14
Holdings Inc (United States, 75.0), Copper Mountain Solar 3 LLC (United States, 61.2), Midstates Petroleum Co Inc (United
States, 39.6), York Energy Centre (Canada, 48.3), CSOLAR 4 West (United States, 75.9), Lone Star Transmission LLC
(United States, 30.0), NorthWest Redwater Partnership (Canada, 1,088.3), Kingston Solar LP (Canada, 108.3), Nodin
Kitagan Ltd (Canada, 39.7), Range Resources Corp (United States, 181.8), Ocotillo Express LLC (United States, 51.4),
FLNG Liquefaction 2 LLC (United States, 161.0)
13
JP Morgan
2,059.9
2.1
Cameron LNG LLC (United States, 121.5), Covanta Energy Waste-to-Energy (United States, 59.0), NRG Energy Inc (United
States, 142.9), TerraForm Power Inc (United States, 88.0), Memorial Resource Dvlp Ltd (United States, 80.6), NorthWest
Redwater Partnership (Canada, 1,088.3), Las Vegas Arena (United States, 28.6), Range Resources Corp (United States,
181.8), Sasol Chemicals [USA] LLC (United States, 269.5)
14
14
Raven Power Holdings LLC (United States, 12.5), Calpine Constr Finance Co LP (United States, 70.8), Covanta Energy
Waste-to-Energy (United States, 59.0), Midstates Petroleum Co Inc (United States, 31.3), Midstates Petroleum Co Inc
(United States, 39.6), Bayonne Energy (United States, 138.8), Delta House FPS (United States, 100.0), Houston Fuel Oil
Terminal Co (United States, 208.3), Stephens Ranch Wind Energy II (United States, 53.5), TPF II/Rolling Hills Portfolio
(United States, 422.5), Green Pastures Wind I LLC (United States, 84.0), Southeast PowerGen LLC (United States, 183.5),
Astoria Energy LLC (United States, 388.5), Chief Power Fin (United States, 195.5)
15
Morgan Stanley
HSBC
1,987.7
1,884.7
2.0
1.9
14
Cia Siderurgica Pecem (Brazil, 300.0), Cameron LNG LLC (United States, 264.3), Sociedad Minera Cerro Verde SA (Peru,
100.0), Orlando Sanford Airport (United States, 38.3), Sinochem Petroleum USA LLC (United States, 83.3), Techgen
(Mexico, 66.7), Abent 3T (Mexico, 60.0), Consorcio Shushufindi SA (Ecuador, 66.7), Safe Harbor (United States, 112.0),
OOGTK Libra GmbH & Co KG (Brazil, 35.4), New Mexico City International (Mexico, 250.0), FLNG Liquefaction 2 LLC
(United States, 161.0), Samay I (Peru, 77.8), Sasol Chemicals [USA] LLC (United States, 269.3)
16
CIBC World Markets
1,839.3
1.9
11
K2 Wind Ontario (Canada, 55.8), Merritt Green Energy LP (Canada, 36.8), NorthWest Redwater Partnership (Canada,
1,088.3), Nodin Kitagan Ltd (Canada, 39.7), Interstate 4 (United States, 96.6), Range Resources Corp (United States, 181.8),
Armow Wind (Canada, 57.4), Edison Mission Energy Project (United States, 55.8), Pinyon Pines II (United States, 30.9),
Pinyon Pines (United States, 35.3), FLNG Liquefaction 2 LLC (United States, 161.0)
17
Raven Power Holdings LLC (United States, 12.5), Cameron LNG LLC (United States, 121.5), Fermaca (Mexico, 70.0),
Deutsche Bank
1,768.1
1.8
17
Tempest Power Corp (Canada, 30.2), Viva Alamo LLC (United States, 257.5), Rensselaer Gas Cycle Pwr Plnt (United States,
153.3), SunEdison Inc (United States, 66.3), Lindsay Solar Farm (Canada, 51.1), SunE Solar Cons (United States, 150.0),
Regulus Solar LLC (United States, 120.0), 2224375 Ontario Inc (Canada, 119.3), Vega Solar LLC (United States, 55.0),
Houston Fuel Oil Terminal Co (United States, 208.3), Vivint Solar Financing I LLC (United States, 87.5), Ocotillo Express
LLC (United States, 24.7), Viva Alamo LLC (United States, 80.0), FLNG Liquefaction 2 LLC (United States, 161.0)
18
Atlantic Aviation Corp (United States, 50.0), Exgen Renewables I LLC (United States, 300.0), Rensselaer Gas Cycle Pwr
Barclays
1,750.5
1.8
11
Plnt (United States, 153.3), Covanta Energy Waste-to-Energy (United States, 59.0), Sabine Oil & Gas LLC (United States,
142.9), Sabine Oil & Gas LLC (United States, 121.4), TerraForm Power Inc (United States, 88.0), Gemini HDLPE LLC
(United States, 210.0), FLNG Liquefaction 2 LLC (United States, 161.0), Chief Power Fin (United States, 195.5), Sasol
Chemicals [USA] LLC (United States, 269.3)
19
Cameron LNG LLC (United States, 121.5), Atlantic Power Project (United States, 352.5), Calpine Constr Finance Co LP
Goldman Sachs
1,601.3
1.6
12
(United States, 70.8), SunEdison Inc (United States, 66.3), Midstates Petroleum Co Inc (United States, 31.3), Midstates
Petroleum Co Inc (United States, 39.6), AU Solar 2 (United States, 41.7), TerraForm Power Inc (United States, 88.0), TPF II/
Rolling Hills Portfolio (United States, 422.5), Panda Stonewall (United States, 125.0), Terra-Gen Finance Co LLC (United
States, 81.3), FLNG Liquefaction 2 LLC (United States, 161.0)
53

Lead manager
20
BBVA
Volume (US$m)
1,478.6
%
1.5
No of deals Deals
13
Cameron LNG LLC (United States, 121.5), Sociedad Minera Cerro Verde SA (Peru, 100.0), Copper Mountain Solar 3 LLC
(United States, 61.2), Transmisora Baquedano (Chile, 25.4), Rutas de Lima SAC (Peru, 100.1), Techgen (Mexico, 66.7),
South Peruvian Pipeline (Peru, 120.0), Javiera Spa (Chile, 79.0), New Mexico City International (Mexico, 250.0), Edison
Mission Energy Project (United States, 55.8), FLNG Liquefaction 2 LLC (United States, 161.0), Los Ramones South Pipeline
(Mexico, 178.2), Aguaclara-Rio de Oro (Colombia, 159.9)
21
Scotiabank
13
Project Cruise (Canada, 304.3), Carrix Inc (United States, 110.4), Sociedad Minera Cerro Verde SA (Peru, 100.0), White Pine
Financial LLC (United States, 93.0), Baffinland Iron Mines Corp (Canada, 75.0), Midstates Petroleum Co Inc (United States,
39.6), Sabine Pass Liquefaction LLC (United States, 46.4), York Energy Centre (Canada, 48.3), GWF Energy LLC (United
States, 62.0), Techgen (Mexico, 66.7), Aurora Gold (Guyana, 61.7), Dominican Power Partners (Dominican Rep, 23.6),
FLNG Liquefaction 2 LLC (United States, 161.0)
22
New Source Energy Partners LP (United States, 7.5), K2 Wind Ontario (Canada, 55.8), GPRE Ethanol (United States, 112.5),
BMO Capital Markets
1,192.0
949.4
1.2
1.0
12
Memorial Resource Dvlp Ltd (United States, 80.6), Nodin Kitagan Ltd (Canada, 39.7), Teck Resources-Morelos Project
(Mexico, 75.0), Safe Harbor (United States, 112.0), Range Resources Corp (United States, 181.8), Armow Wind (Canada,
57.4), Pinyon Pines II (United States, 30.9), Pinyon Pines (United States, 35.3), FLNG Liquefaction 2 LLC (United States, 161.0)
23
SunEdison Inc (United States, 66.3), Vanguard Natural Resources LLC (United States, 350.0), Sabine Oil & Gas LLC (United
Wells Fargo
942.9
1.0
States, 121.4), Sabine Oil & Gas LLC (United States, 142.9), Memorial Resource Dvlp Ltd (United States, 80.6), Range
Resources Corp (United States, 181.8)
24
Ventika II (Mexico, 122.5), Ventika (Mexico, 120.0), Los Ramones South Pipeline (Mexico, 178.2), Abengoa El Zapotillo
Banobras
907.7
0.9
Aqueduct (Mexico, 487.0)
25
Sociedad Minera Cerro Verde SA (Peru, 100.0), LSP Hudson Generation (United States, 48.3), Bayonne Energy (United States,
ICBC
907.0
0.9
138.8), Oregon Clean Energy (United States, 64.7), Panda Stonewall
(United States, 125.0), FLNG Liquefaction 2 LLC (United States, 161.0), Sasol Chemicals [USA] LLC (United States, 269.3)
26
Cameron LNG LLC (United States, 121.5), Ports America Holdings Inc (United States, 118.8), K2 Wind Ontario (Canada,
RBS
821.6
0.8
55.8), Midstates Petroleum Co Inc (United States, 39.6), NRG Energy Inc (United States, 142.9), NRG Marsh (United States,
92.7), Ocotillo Express LLC (United States, 24.7), Oregon Clean Energy (United States, 64.7), FLNG Liquefaction 2 LLC
27
Sociedad Minera Cerro Verde (Peru, 100.0), Techgen (Mexico, 66.7), South Peruvian Pipeline (Peru, 120.0), Consorcio
Intesa Sanpaolo
783.7
0.8
Shushufindi (Ecuador, 66.7), FLNG Liquefaction 2 LLC (United States, 161.0), Sasol Chemicals [USA] (United States, 269.3)
28
Sociedad Minera Cerro Verde SA (Peru, 100.0), Temiscouata II Wind Farm (Canada, 133.8), Interstate 4 (United States,
KfW IPEX-Bank
749.9
0.8
96.6), Eletrosul Centrais Eletricas (Brazil, 84.0), Pinyon Pines II (United States, 30.9), Pinyon Pines (United States, 35.3),
Sasol Chemicals [USA] LLC (United States, 269.3)
29
Cameron LNG LLC (United States, 121.5), First Wind Route 66 Portfolio (United States, 37.0), K2 Wind Ontario (Canada,
Bayerische Landesbank Giro
723.9
0.7
55.8), Border Winds Energy LLC (United States, 44.5), Pleasant Valley Wind LLC (United States, 57.1), Astoria II Power
Plant (United States, 184.6), Armow Wind (Canada, 57.4), Kerwood Wind LP (Canada, 78.1), Bornish Wind LP (United
States, 88.0)
30
Bicent [California] Power LLC (United States, 54.7), Hammerhead Solar LLC (United States, 73.3), EurekaHunter Pipeline
CIT Group
676.8
0.7
Facility (United States, 112.5), AU Solar 2 (United States, 41.7), Newark Energy Center (United States, 82.7), CPV Maryland
(United States, 78.5), Vivint Solar Financing I LLC (United States, 87.5), Oregon Clean Energy (United States, 64.7),
Terra-Gen Finance Co LLC (United States, 81.3)
31
Glenarm Solar (Canada, 16.2), Coronal New Energy IV (United States, 32.3), Merritt Green Energy LP (Canada, 36.8),
Rabobank
669.7
0.7
14
Marsh Hill Energy LLC (United States, 24.2), GRE Fund I Holdco LLC (United States, 25.4), SoCore Energy PV Portfolio
(United States, 40.9), Alfa Lula (Brazil, 111.5), Des Moulins Wind Power LP (Canada, 6.1), Spring Canyon Expansion LLC
(United States, 110.0), Coruripe Refinancing (Brazil, 123.3), Green Pastures Wind I LLC (United States, 84.0), Roseplain
Solar Farm (Canada, 11.3), Ridgefield Solar Farm (Canada, 14.3), NSNW Holdings (Canada, 33.4)
32
Keenan II (United States, 33.3), Power County Wind Parks (United States, 38.3), K2 Wind Ontario (Canada, 55.8),
KeyBanc Capital Markets
667.8
0.7
16
Midstates Petroleum Co Inc (United States, 39.6), True Green Capital Solar (United States, 65.0), Oakfield Wind LLC
(United States, 51.8), Alpine Solar Power Facility (United States, 41.8), Armow Wind (Canada, 57.4), Ocotillo Express LLC
(United States, 24.7), Edison Mission Energy Project (United States, 55.8), Roseplain Solar Farm (Canada, 11.3), Ridgefield
Solar Farm (Canada, 14.3), Pinyon Pines II (United States, 30.9), Pinyon Pines (United States, 35.3), Limon Wind III
Holdings LLC (United States, 30.3), Logans Gap Wind LLC (United States, 82.4)
33
Cameron LNG LLC (United States, 264.3), Carrix Inc (United States, 110.4), Sociedad Minera Cerro Verde SA (Peru, 100.0), MDW
CBA
639.7
0.7
Pan (United States, 55.0), Teck Resources-Morelos Project (Mexico, 75.0), Nighthawk Production LLC (United States, 35.0)
34
Cameron LNG LLC (United States, 121.5), CSOLAR 4 West (United States, 75.9), Alpine Solar Power Facility (United States,
Landesbank Hessen-Thueringen
610.7
0.6
41.8), Border Winds Energy LLC (United States, 44.5), Pleasant Valley Wind LLC (United States, 57.1), NRG Marsh (United
States, 92.7), GWF Energy LLC (United States, 62.0), Limon Wind III Holdings LLC (United States, 30.3), McCoy Solar
Funding LLC (United States, 85.0)
35
OCI Alamo 1 LLC (United States, 66.1), Mississippian Lime Oil & Gas (United States, 96.9), Kitsault Molybdenum Mine
KDB
604.8
0.6
(Canada, 122.4), KAL ABS 15 Cayman Ltd (Cayman Islands, 50.0), Sasol Chemicals [USA] LLC (United States, 269.3)
36
Newark Energy Center (United States, 82.7), Oneta Energy[Calpine Corp] (United States, 122.8), Carville Energy (United
GE Financial
594.1
0.6
States, 36.0), Decatur Energy (United States, 51.0), GWF Energy LLC (United States, 62.0), CPV Maryland (United States,
78.5), FLNG Liquefaction 2 LLC (United States, 161.0)
37
Sumitomo Mitsui Trust
590.1
0.6
54
Cameron LNG LLC (United States, 264.3), Sociedad Minera Cerro Verde SA (Peru, 100.0), FPSO Cidade de Caraguatatuba
(Brazil, 225.8)
2014 LEAGUE TABLES

Lead manager
Volume (US$m)
38 Nord/LB
565.4
%
0.6
No of deals Deals
8
Carrix Inc (United States, 110.4), Glenarm Solar (Canada, 16.2), K2 Wind Ontario (Canada, 55.8), Northland Power Solar IV
(Canada, 48.0), Newark Energy Center (United States, 82.7), Oneta Energy[Calpine Corp] (United States, 122.8), Decatur
Energy (United States, 51.0), CPV Maryland (United States, 78.5)
39 National Bank of Canada Finl
557.5
0.6
11
Baffinland Iron Mines Corp (Canada, 75.0), K2 Wind Ontario (Canada, 55.8), Merritt Green Energy LP (Canada, 36.8), York
Energy Centre (Canada, 48.3), Kingston Solar LP (Canada, 101.3), Nodin Kitagan Ltd (Canada, 39.7), Tretheway Creek
Hydroelectric (Canada, 92.9), Armow Wind (Canada, 57.4), Ocotillo Express LLC (United States, 24.7), Roseplain Solar
Farm (Canada, 11.3), Ridgefield Solar Farm (Canada, 14.3)
40 DNB ASA
528.9
0.5
Cameron LNG LLC (United States, 121.5), Carrix Inc (United States, 110.4), Safe Harbor (United States, 112.0), Cadonal SA
(Uruguay, 90.1), OOGTK Libra GmbH & Co KG (Brazil, 35.4), Brava Star Ltd (Brazil, 59.6)
41 Itau Unibanco
500.0
0.5
Viracopos LLC (Brazil, 30.9), Sete Brasil Drill Ships (Brazil, 250.0), Coruripe Refinancing (Brazil, 123.3), EBP (Brazil, 95.8)
42 Credit Suisse
499.7
0.5
Calpine Constr Finance Co LP (United States, 70.8), NRG Energy Inc (United States, 142.9), Panda Stonewall (United

43 Capital One Financial
485.7
0.5

44 SunTrust Banks
440.1
0.5
States, 125.0), FLNG Liquefaction 2 LLC (United States, 161.0)

Midstates Petroleum Co Inc (United States, 39.6), Sabine Oil & Gas LLC (United States, 121.4), Sabine Oil & Gas LLC
(United States, 142.9), Range Resources Corp (United States, 181.8)
La Paloma Generating Station (United States, 36.7), Midstates Petroleum Co Inc (United States, 31.3), Midstates Petroleum
Co Inc (United States, 39.6), LSP Hudson Generation (United States, 48.3), Oneta Energy[Calpine Corp] (United States,
122.8), Carville Energy (United States, 36.0), Decatur Energy (United States, 51.0), Cross Texas Transmission (United States,
9.8), Oregon Clean Energy (United States, 64.7)
45 Investissement Quebec
412.4
0.4
Renard Diamond Project,Quebec (Canada, 412.4)
46 Investec
394.7
0.4
True Green Capital Solar (United States, 65.0), Rockland Power Partners Portfo (United States, 50.0), Primary Four

47 MetLife
375.2
0.4
48 CoBank ACB
342.6
0.4
Recycled Energy (United States, 215.0), Oregon Clean Energy (United States, 64.7)
Cameron LNG LLC (United States, 121.5), NRG Marsh (United States, 92.7), FLNG Liquefaction 2 LLC (United States, 161.0)
Oakfield Wind LLC (United States, 51.8), Border Winds Energy LLC (United States, 44.5), Pleasant Valley Wind LLC (United
States, 57.1), NRG Marsh (United States, 92.7), GWF Energy LLC (United States, 62.0), Cross Texas Transmission (United
States, 9.8), Ocotillo Express LLC (United States, 24.7)
49 UBS
335.1
0.3

50 Standard Chartered
334.5
0.3
Calpine Constr Finance Co LP (United States, 70.8), Sabine Oil & Gas LLC (United States, 121.4), Sabine Oil & Gas LLC
Sabine Pass Liquefaction LLC (United States, 46.4), Etesco Construcoes (Brazil, 91.7), OOGTK Libra GmbH & Co KG (Brazil,
35.4), FLNG Liquefaction 2 LLC (United States, 161.0)
51 Banco do Brasil
333.4
0.3
Viracopos LLC (Brazil, 30.9), Sete Brasil Drill Ships (Brazil, 250.0), Conc Rota Oeste (Brazil, 52.5)
52 Macquarie Group
321.7
0.3
Atlantic Aviation Corp (United States, 50.0), La Paloma Generating Station (United States, 36.7), SunEdison Inc (United
States, 66.3), Bayonne Energy (United States, 138.8), Rio Tinto PLC-Ollachea Gold (Peru, 30.0)
53 UniCredit
310.5
0.3
Cameron LNG LLC (United States, 121.5), Techgen (Mexico, 66.7), Kitsault Molybdenum Mine (Canada, 122.4)
54 NongHyup Financial Group
300.0
0.3
Cia Siderurgica Pecem (Brazil, 300.0)
=55 Norhukin Bank
264.3
0.3
Cameron LNG LLC (United States, 264.3)
=55 Shinsei Bank
264.3
0.3
57 ABN AMRO Bank
259.5
0.3
EurekaHunter Pipeline Facility (United States, 112.5), Alfa Lula (Brazil, 111.5), OOGTK Libra GmbH & Co KG (Brazil, 35.4)
58 Aozora Bank
253.2
0.3
Cameron LNG LLC (United States, 142.9), Carrix Inc (United States, 110.4)
59 Grupo Financiero Inbursa
250.0
0.3
New Mexico City International (Mexico, 250.0)
60 Bancolombia
248.5
0.3
Sogamoso Hydro (Colombia, 65.0), Dominican Power Partners (Dominican Rep, 23.6), Aguaclara-Rio de Oro (Colombia, 159.9)
247.6
0.3
K2 Wind Ontario (Canada, 55.8), Northland Power Solar IV (Canada, 48.0), Oakfield Wind LLC (United States, 51.8),
Bluewater Wind (Canada, 52.2), Cross Texas Transmission (United States, 9.8), LS Power Solar Holdings (United States, 30.0)
62 Credit Mutuel
233.0
0.2
Cameron LNG LLC (United States, 121.5), Alfa Lula (Brazil, 111.5)
225.9
0.2
Viracopos LLC (Brazil, 30.9), Penonome Wind Farm (Panama, 100.0), Genrent Peru SAC (Peru, 30.0), Natl Fiber Optic
Backbone (Peru, 65.0)
64 Grupo Aval Acciones y Valores
224.9
0.2
Sogamoso Hydro (Colombia, 65.0), Aguaclara-Rio de Oro (Colombia, 159.9)
65 Lloyds Bank
207.4
0.2
Sabine Pass Liquefaction LLC (United States, 46.4), FLNG Liquefaction 2 LLC (United States, 161.0)
66 Banco BTG Pactual
205.0
0.2
Cerro Dominador (Chile, 205.0)
67 Caterpillar Financial Services
184.1
0.2
Kitsault Molybdenum Mine (Canada, 122.4), Aurora Gold (Guyana, 61.7)
68 Banco de Credito de Bolivia
183.5
0.2
Dominican Power Partners (Dominican Rep, 23.6), Aguaclara-Rio de Oro (Colombia, 159.9)
69 US Ban
181.8
0.2
Range Resources Corp (United States, 181.8)
168.1
0.2
Carrix Inc (United States, 110.4), Grupo Unidos por el Canal SA (Panama, 57.8)
71 Portigon
166.1
0.2
Carrix Inc (United States, 110.4), Edison Mission Energy Project (United States, 55.8)
72 DZ Bank
160.9
0.2
CSOLAR 4 West (United States, 75.9), McCoy Solar Funding LLC (United States, 85.0)
=73 Banco de Occidente
159.9
0.2
Aguaclara-Rio de Oro (Colombia, 159.9)
=73 Sociedades Bolivar
Aguaclara-Rio de Oro (Colombia, 159.9)
159.9
0.2
75 Banca
153.8
0.2
Maria Elena Solar (Chile, 74.8), Javiera Spa (Chile, 79.0)
=76 Chiba Bank
142.9
0.2
=76 Shinkin Central Bank
142.9
0.2
=76 Shizuoka Bank
142.9
0.2
79 OneWest Bank FSB
114.8
0.1
Power County Wind Parks (United States, 38.3), Oakfield Wind LLC (United States, 51.8), Ocotillo Express LLC (United States, 24.7)
=80 Clifford Capital Pte
111.5
0.1
Alfa Lula (Brazil, 111.5)
=80 Development Bank of Japan
111.5
0.1
55

Lead manager
Volume (US$m)
No of deals Deals
=81 Bank of China
111.5
0.1
=82 Dexia
110.4
0.1
Carrix Inc (United States, 110.4)
=82 DGZ-DekaBank
110.4
0.1
=82 Depfa Deutsche Pfandbriefbank
110.4
0.1
=82 HSH Nordbank
110.4
0.1
106.7
0.1
86 Associated Banc
New Source Energy Partners LP (United States, 7.5), Bicent [California] Power LLC (United States, 54.7), AES
Shady Point (United States, 14.5), LS Power Solar Holdings (United States, 30.0)
87 Desjardins Group
101.4
0.1
Kingston Solar LP (Canada, 101.4)
88 Capital Credit
100.1
0.1
Rutas de Lima SAC (Peru, 100.1)
89 Industrial Bank of Korea
96.9
0.1
Mississippian Lime Oil & Gas (United States, 96.9)
90 Metrobank
83.6
0.1
Dominican Power Partners (Dominican Rep, 23.6), Concesionaria Vial Honduras (Honduras, 60.0)
80.6
0.1
Memorial Resource Dvlp Ltd (United States, 80.6)
=92 Banco La Capitalizadora Hondur
91 Comerica
60.0
0.1
InterEnergy Holdings (Panama, 60.0)
=92 Peoples Bank of China
60.0
0.1
Concesionaria Vial Honduras (Honduras, 60.0)
57.8
0.1
Grupo Unidos por el Canal SA (Panama, 57.8)
94 Bankia
95 Travelers Capital
56.2
0.1
Box Canyon Hydro (Canada, 56.2)
=96 Manulife Financial
55.8
0.1
K2 Wind Ontario (Canada, 55.8)
=96 Stonebridge Bank
55.8
0.1
Saint-Philemon Wind Farm (Canada, 55.8)
98 Alfalfa County Bank
51.8
0.1
Oakfield Wind LLC (United States, 51.8)
99 Banco Bradesco
30.9
Viracopos LLC (Brazil, 30.9)
=100 Citizens Bk of Philadelphia
28.6
Las Vegas Arena (United States, 28.6)
=100 First Niagara Financial
28.6
=100 Huntington Bancshares
28.6
103 Nordea
24.7
Ocotillo Express LLC (United States, 24.7)
=104 Banco Aliado
23.6
Dominican Power Partners (Dominican Rep, 23.6)
=104 Banco Industrial do Brasil
23.6
=104 Banco Latin Americano Export
23.6
=104 Multibank
23.6
=104 National Reserve
23.6
=104 Popular ,Hato Rey,PR
23.6
Total*
92,884.5
229
AMERICAS LOANS BY SECTOR

Sector
AMERICAS LOANS BY COUNTRY

Volume (US$m)
Nation
US$m
No of deals
United States of America
60,157.5
61.6
124
Power 37,141.2
Oil & Gas
32,243.9
Brazil
9,481.9 9.7
22
Industry 6,155.0
Canada
9,298.2 9.5
32
Mining 3,919.4
Mexico
4,686.9 4.8
12
Peru
3,531.2 3.6
10
Water & Sewerage
Chile
1,475.3 1.5
487.0
PPP 280.0
Colombia
1,101.1 1.1
Telecommunications 136.2
Panama
986.8 1.0
Total
Ecuador
709.0 0.7
Surinam
312.7 0.3
Honduras
274.0 0.3
Dominican Republic
260.0
Guyana
185.0 0.2
Uruguay
174.5 0.2
Barbados
150.0 0.2
Cayman Islands
100.0
92,884.5
Total
56
0.3
0.1
92,884.5 100.0
229
2014 LEAGUE TABLES
ASIA PACIFIC LOANS BY SECTOR

Sector
ASIA PACIFIC LOANS BY COUNTRY

Volume (US$m)
Nation
US$m
No of deals
Australia
Power 18,950.5
India
Oil & Gas
Japan
4,977.4 6.9 47
Mining 8,452.5
South Korea
4,937.5
PPP 2,951.7
Indonesia
4,268.4 6.0 8
Industry 1,736.8
Thailand
2,762.5 3.9 6
Philippines
1,879.0 2.6 5
Telecommunications 1,370.0
China
1,119.0 1.6 7
Water & Sewerage
313.4
Singapore
859.9 1.2 1
Agriculture & Forestry
88.7
New Zealand
791.2
Waste & Recycling
19.4
Laos
728.7 1.0 2
13,876.0
Total
72,279.3
37,982.8 52.9 51
11,019.2 14.7 55
6.9
14
1.1
Malaysia
592.1 0.8 3
Mongolia
200.0 0.3 1
Myanmar(Burma)
Vietnam
Total
85.0 0.1 1
23.0 0 1
72,279.3
203
ASIA PACIFIC INITIAL MANDATED LEAD ARRANGERS

Lead manager
SBi Capital
Volume (US$m)
5,646.8
%
7.9
No of deals Deals
25
ONGC Tripura Power (India, 485.1), HPCL Mittal Energy (India, 128.2), Prayagraj Power Generation (India, 115.0),
Maithon Power (India, 585.2), Jath Wind Energy (India, 14.9), IVRCL Indore Gujarat Tollways (India, 210.9), CWSPL
(India, 60.5), Simhapuri Energy (India, 225.1), Trichy Tollway (India, 40.5), Mandakini al (India, 34.2), Bajaj Energy
(India, 32.8), Indian Oil Adani Gas Pte (India, 59.8), Hinduja National Power (India, 126.2), Soma Isolux NH One Tollway
(India, 593.1), Essar Power Orissa Limited (India, 13.9), Dhamra Port (India, 242.3), Essel Jabalpur MSW (India, 19.4),
Sispara Renewable Power (India, 9.7), GSPL India Gasnet (India, 731.2), GSPL India Trans (India, 822.5),
HPCL Mittal Energy (India, 758.9), Adani Power Rajasthan (India, 31.1), Navkar Terminals (India, 42.5),
Welspun Energy Rajasthan (India, 99.2), Meenakshi Energy (India, 164.6)
Batutua Tembaga Raya PT (Indonesia, 41.3), Roy Hill Holdings Pty (Australia, 427.0), Wellington Gateway No 2 LP
CBA
5,021.6
7.0
35
(New Zealand, 194.7), Stella EWL FInance Pty (Australia, 521.6), Astra SLR Finance Pty (Australia, 257.0),
NGR Project mpany (Australia, 64.7), DBNGP Finance Pty (Australia, 50.4), Envestra (Australia, 45.1),
Port of Geelong Unit Trust (Australia, 62.7), Aust Pac Airports Melbourne (Australia, 89.3), Newcastle al Infr Grp
(Australia, 400.0), Southern Way Finance Pty (Australia, 113.8), Sun Group Finance Pty (Australia, 441.9),
Sydney Airport Fin Pty (Australia, 93.3), QAL Finance Pty (Australia, 194.0), Newcastle al Infr Grp (Australia, 16.4),
Northern Territory Airports (Australia, 99.8), Perth Airport Pty (Australia, 84.6), Port of Newcastle Investments
(Australia, 149.8), CLV Melbourne Pty (Australia, 55.7), Merredin Energy Pty (Australia, 46.9), GDI [EII] Pty
(Australia, 44.1), Stella SA Schools Pty (Australia, 58.1), Sun Group Finance Pty (Australia, 236.0), PKCT
(Australia, 26.6), WSO Finance Pty (Australia, 132.7), PWCS Refinancing Pty (Australia, 132.5), Ravenhall Finance Pty
(Australia, 175.6), Wattle Point Holdings Pty (Australia, 69.4), Nexus Australia Management (Australia, 69.0),
APA Group (Australia, 410.0), WR Carpenter No 1 Pty (Australia, 74.1), Waterloo Wind Farm Pty (Australia, 38.6),
Sundrop Port Augusta Holdco 2 (Australia, 88.6), DBNGP Finance Pty (Australia, 16.3)
Sarulla Geothermal,Sumatra (Indonesia, 54.7), Nam Ngiep 1 Power (Laos, 23.9), Roy Hill Holdings Pty (Australia, 427.0),
4,378.9
6.1
39
Nagasaki Tadewara Solar LLC (Japan, 19.8), DBNGP Finance Pty (Australia, 50.4), Eurus Yurikogen Windpower (Japan,
110.8), Onahama Izumi Solar LLC (Japan, 8.0), Aust Pac Airports Melbourne (Australia, 89.3), Southern Mall Koizumi Inc
(Japan, 28.7), Higashinozaki Solar Energy LLC (Japan, 23.4), Viva Energy Pty (Australia, 113.9), Southern Way Finance
Pty (Australia, 113.8), Sunshine Energy Yusui (Japan, 68.5), Sydney Airport Fin Pty (Australia, 93.3), Pacifico Energy
Kumenan GK (Japan, 108.0), Perth Airport Pty (Australia, 84.6), GDI [EII] Pty (Australia, 44.1), OR Solar (Japan, 89.7),
Pan Africa LNG Transp (China, 16.5), Pan Asia LNG Transp (China, 16.3), Pan Europe LNG Transp (China, 16.4),
Pan Americas LNG Transp (China, 16.3), Petronet LNG (India, 32.8), Trans Thai-Malaysia [Malaysia] (Malaysia, 47.1),
NRT Finance Pty (Australia, 153.9), Hamamatsu Chukai Solar Pk rp (Japan, 181.1), Kochi Solar LLC (Japan, 47.6),
Donggi Senoro LNG PT (Indonesia, 175.5), Setouchi Future Creation LLC (Japan, 285.7), Singapore LNG (Singapore, 172.0),
NBH Borrower Pty (Australia, 82.0), Nexus Australia Management (Australia, 69.0), APA Group (Australia, 410.0),
WR Carpenter No 1 Pty (Australia, 74.1), Waterloo Wind Farm Pty (Australia, 38.6), Gulf Electric PCL (Thailand, 560.8),
Mimasaka Musashi Mega Solar (Japan, 109.9), Mizushima Energy Center (Japan, 228.7), Futtsu Mega Solar Project
(Japan, 92.8)
ANZ
4,177.9
5.8
34
Roy Hill Holdings Pty (Australia, 427.0), NGR Project mpany (Australia, 64.7), Formosa Steel IB Pty (Australia, 58.3),
DBNGP Finance Pty (Australia, 50.4), Campus Living Vill Parramatta (Australia, 13.9), Tuaropaki Power (New Zealand,
6.2), Oyu Tolgoi LLC (Mongolia, 100.0), AquaSure Finance Pty (Australia, 223.1), Aust Pac Airports Melbourne (Australia,
89.3), Newcastle al Infr Grp (Australia, 400.0), Viva Energy Pty (Australia, 113.9), Southern Way Finance Pty (Australia,
113.8), Sandfire Resources NL (Australia, 157.8), Sun Group Finance Pty (Australia, 441.9), Sydney Airport Fin Pty
(Australia, 93.3), Newcastle al Infr Grp (Australia, 16.4), Northern Territory Airports (Australia, 99.8), Port of Newcastle
Investments (Australia, 162.9), GDI [EII] Pty (Australia, 44.1), Pan Africa LNG Transp (China, 16.5), Pan Asia LNG
57
ASIA PACIFIC INITIAL MANDATED LEAD ARRANGERS CONTINUED

Lead manager
Volume (US$m)
No of deals Deals
Transp (China, 16.3), Pan Europe LNG Transp (China, 16.4), Pan Americas LNG Transp (China, 16.3), Sun Group Finance
Pty (Australia, 236.0), NRT Finance Pty (Australia, 153.9), WSO Finance Pty (Australia, 132.7), PAU Fertilizer Plant
(Indonesia, 103.8), DBCT Finance Pty (Australia, 45.8), Stadium Investments Pty (Australia, 67.3), Burgos Wind Power
Plant (Philippines, 37.5), NBH Borrower Pty (Australia, 82.0), APA Group (Australia, 410.0), WR Carpenter No 1 Pty
(Australia, 74.1), Living & Learning Fin Pty (Australia, 92.5)
SMBC
4,083.2
5.7
42
DBNGP Finance Pty (Australia, 50.4), Tomatoh Abira Solar Park rp (Japan, 102.4), Fukkoshi Daichi Wind Power (Japan,
71.0), Newcastle al Infr Grp (Australia, 400.0), Viva Energy Pty (Australia, 113.9), Southern Way Finance Pty (Australia,
113.8), Tainai Wind Farm (Japan, 60.6), Eurus Energy Awaji (Japan, 100.7), Goyozan Solar Power Generation (Japan,
63.9), MEASAT 3b Satellite (Malaysia, 28.2), JAMC Solar Energy Godo Kaisha (Japan, 50.0), Perth Airport Pty (Australia,
84.6), PT Bajradaya Sentranusa (Indonesia, 26.2), Shin Izumo Wind Farm (Japan, 78.5), Alinta Energy Transmission
(Australia, 48.1), FMS KK (Japan, 63.8), Pan Africa LNG Transp (China, 16.5), Pan Asia LNG Transp (China, 16.3),
Pan Europe LNG Transp (China, 16.4), Pan Americas LNG Transp (China, 16.3), Petronet LNG (India, 32.8), LLJ Investco KK
(Japan, 103.7), Quasi-Zenith Satellite Sys PFI (Japan, 499.3), Nagoya Lego Land Theme Park (Japan, 226.0), Petrofac FPSO
003 Pte (Thailand, 9.3), WSO Finance Pty (Australia, 132.7), JAMC Solar Energy Godo Kaisha (Japan, 31.7), Petrofac MOPU
005 Pte (Malaysia, 35.7), Bowin Clean Energy (Thailand, 35.1), Donggi Senoro LNG PT (Indonesia, 175.5), Houay Ho Power
(Laos, 84.0), Setouchi Future Creation LLC (Japan, 285.7), Pan Asia Majestic Eagle (Myanmar, 17.0), Eurus Toyokoro Solar
Park rp (Japan, 76.2), Wattle Point Holdings Pty (Australia, 69.4), JAMC Solar Energy Godo Kaisha (Japan, 79.1),
WR Carpenter No 1 Pty (Australia, 74.1), Waterloo Wind Farm Pty (Australia, 38.6), Genting CDX Singapore Pte
(Singapore, 50.0)
Roy Hill Holdings Pty (Australia, 427.0), Stella EWL FInance Pty (Australia, 521.6), DBNGP Finance Pty (Australia, 50.4),
Westpac
4,009.6
5.6
23
Aust Pac Airports Melbourne (Australia, 89.3), Southern Way Finance Pty (Australia, 113.8), Sun Group Finance Pty
(Australia, 441.9), Sydney Airport Fin Pty (Australia, 93.3), QAL Finance Pty (Australia, 198.6), Northern Territory Airports
(Australia, 99.8), Perth Airport Pty (Australia, 84.6), Port of Newcastle Investments (Australia, 149.8), GDI [EII] Pty
(Australia, 44.1), Stella SA Schools Pty (Australia, 58.1), Sun Group Finance Pty (Australia, 236.0), NRT Finance Pty
(Australia, 153.9), WSO Finance Pty (Australia, 132.7), Civic Nexus nsortium (Australia, 260.2), DBCT Finance Pty
(Australia, 45.8), Ravenhall Finance Pty (Australia, 175.6), NBH Borrower Pty (Australia, 82.0), APA Group (Australia,
410.0), WR Carpenter No 1 Pty (Australia, 74.1), Pyrenees Energy (Australia, 67.1)
NAB
3,941.5
5.5
28
Sarulla Geothermal,Sumatra (Indonesia, 54.7), Roy Hill Holdings Pty (Australia, 427.0), Wellington Gateway No 2 LP
(New Zealand, 194.7), Queensland New Schools PPP (Australia, 133.6), DBNGP Finance Pty (Australia, 50.4), Tuaropaki
Power (New Zealand, 6.2), Aust Pac Airports Melbourne (Australia, 89.3), Viva Energy Pty (Australia, 113.9), Southern
Way Finance Pty (Australia, 113.8), Sun Group Finance Pty (Australia, 465.5), Sydney Airport Fin Pty (Australia, 93.3),
QAL Finance Pty (Australia, 194.0), Northern Territory Airports (Australia, 99.8), Perth Airport Pty (Australia, 84.6),
GDI [EII] Pty (Australia, 44.1), Stella SA Schools Pty (Australia, 58.1), Sun Group Finance Pty (Australia, 236.0),
NRT Finance Pty (Australia, 153.9), WSO Finance Pty (Australia, 132.7), Westadium Partners Pty (Australia, 183.2),
Ravenhall Finance Pty (Australia, 175.6), NBH Borrower Pty (Australia, 82.0), Nexus Australia Management (Australia,
69.0), APA Group (Australia, 410.0), WR Carpenter No 1 Pty (Australia, 74.1), Living & Learning Fin Pty (Australia, 92.5),
Pyrenees Energy (Australia, 93.4), DBNGP Finance Pty (Australia, 16.3)
KDB
3,544.9
4.9
16
Sunkwang Sin Terminal (South Korea, 148.0), Pureun Chilgok (South Korea, 7.4), Bitplex (South Korea, 35.1),
Cheongbuk High School BTL (South Korea, 35.9), Boryeong LNG Terminal (South Korea, 557.5), PT Bajradaya Sentranusa
(Indonesia, 26.2), Youngchun-Sangju Highway (South Korea, 467.1), Godeok Green Energy (South Korea, 111.3),
PAU Fertilizer Plant (Indonesia, 103.8), GS Yeongyang Windpower (South Korea, 117.6), Gongju Hospital (South Korea,
58.9), Daewoo Energy (South Korea, 739.6), Maleun Busan Hwankyoung (South Korea, 82.9), Jeonju Power
(South Korea, 71.5), Wirye Energy Service (South Korea, 509.5), GS Pocheon (South Korea, 472.6)
Mizuho Financial
3,364.9
4.7
35
Stella EWL FInance Pty (Australia, 521.6), NGR Project mpany (Australia, 64.7), Nagasaki Tadewara Solar LLC (Japan,
19.8), DBNGP Finance Pty (Australia, 50.4), Onahama Izumi Solar LLC (Japan, 8.0), Tomatoh Abira Solar Park (Japan,
102.4), Kama Solar Power rp (Japan, 65.1), Energy Equity Epic[Sengkang] (Indonesia, 41.7), Kumamoto Arao Solar Park
(Japan, 71.1), Omuta Miikekoh Solar Park rp (Japan, 63.2), Higashinozaki Solar Energy LLC (Japan, 23.4), Viva Energy Pty
(Australia, 113.9), IC Card Sogo Riyo Center (Japan, 13.6), Bang Poo SPP (Thailand, 134.5), GDI [EII] Pty (Australia, 44.1),
Haneda Airport Apron PFI (Japan, 56.1), PT Rajamandala Electric Power (Indonesia, 110.0), Pan Africa LNG Transp (China,
16.5), Pan Asia LNG Transp (China, 16.3), Pan Europe LNG Transp (China, 16.4), Pan Americas LNG Transp (China, 16.3),
Petronet LNG (India, 32.8), Oita Hiyoshibaru Solar KK (Japan, 121.0), Trans Thai-Malaysia [Malaysia] (Malaysia, 47.1),
NRT Finance Pty (Australia, 153.9), Bowin Clean Energy (Thailand, 35.1), Kochi Solar LLC (Japan, 47.6), Donggi Senoro LNG
PT (Indonesia, 128.0), Setouchi Future Creation LLC (Japan, 285.7), Singapore LNG rp (Singapore, 172.0), Gulf Electric PCL
(Thailand, 166.7), Shin Okayama Solar KK (Japan, 100.3)
10
Scotiabank
1,788.5
2.5
Wellington Gateway No 2 LP (New Zealand, 194.7), Stella EWL FInance Pty (Australia, 492.2), Astra SLR Finance Pty
(Australia, 257.0), DBNGP Finance Pty (Australia, 50.4), Aust Pac Airports Melbourne (Australia, 89.3), Sydney Airport
Fin Pty (Australia, 93.3), WSO Finance Pty (Australia, 132.7), Nexus Australia Management (Australia, 69.0), APA Group
(Australia, 410.0)
11
Batutua Tembaga Raya PT (Indonesia, 41.3), Roy Hill Holdings Pty (Australia, 427.0), Viva Energy Pty (Australia, 113.9),
HSBC
1,731.2
2.4
15
MEASAT 3b Satellite (Malaysia, 28.2), Sydney Airport Fin Pty (Australia, 93.3), Port of Newcastle Investments (Australia,
149.8), GDI [EII] Pty (Australia, 44.1), Trans Thai-Malaysia [Malaysia] (Malaysia, 47.1), NRT Finance Pty (Australia, 153.9),
58
2014 LEAGUE TABLES

Lead manager
Volume (US$m)
No of deals Deals
Petrofac FPSO 003 Pte (Thailand, 9.3), Petrofac MOPU 005 Pte (Malaysia, 35.7), DBCT Finance Pty (Australia, 45.8),
NBH Borrower Pty (Australia, 82.0), APA Group (Australia, 410.0), Genting CDX Singapore Pte (Singapore, 50.0)
12
OCBC
1,728.8
2.4
11
Roy Hill Holdings Pty (Australia, 427.0), Well Harvest Winning Alumina (Indonesia, 190.0), Viva Energy Pty (Australia,
113.9), MEASAT 3b Satellite (Malaysia, 28.2), GDI [EII] Pty (Australia, 44.1), NRT Finance Pty (Australia, 153.9),
PAU Fertilizer Plant (Indonesia, 103.8), Pan Asia Majestic Eagle (Myanmar, 17.0), Singapore LNG rp (Singapore, 172.0),
Nexus Australia Management (Australia, 69.0), APA Group (Australia, 410.0)
13
ICICI Bank
1,588.5
2.2
Jaora Nayagaon Toll Road (India, 99.2), Jaiprakash Power Ventures (India, 273.1), EPMPL (India, 883.5), GMR Hyderabad
Intl Airport (India, 220.8), Swarna Tollway (India, 37.3), NRSS XXXI[B]Transmission (India, 74.6)
14
Formosa Steel IB Pty (Australia, 58.3), Well Harvest Winning Alumina (Indonesia, 190.0), Viva Energy Pty (Australia, 113.9),
DBS
1507.3
1.4
12
Port of Newcastle Investments (Australia, 149.8), Pan Asia Majestic Eagle (Myanmar, 17.0), Singapore LNG (Singapore,
172.0), CLP India Greenfield Wind (India, 55.0), NBH Borrower Pty (Australia, 82.0), Nexus Australia Management
(Australia, 69.0), WR Carpenter No 1 Pty (Australia, 74.1), Everet LNG (Singapore, 53.6), PSA India (India, 472.5)
15
UOB
1,370.8
1.9
Wellington Gateway No 2 LP (New Zealand, 194.7), Stella EWL FInance Pty (Australia, 492.2), Astra SLR Finance Pty
(Australia, 257.0), Formosa Steel IB Pty (Australia, 58.3), Viva Energy Pty (Australia, 113.9), PAU Fertilizer Plant
(Indonesia, 103.8), NBH Borrower Pty (Australia, 82.0), Nexus Australia Management (Australia, 69.0)
16
Credit Agricole
1,158.1
1.6
Stella EWL FInance Pty (Australia, 521.6), Astra SLR Finance Pty (Australia, 257.0), Formosa Steel IB Pty (Australia, 58.3),
MEASAT 3b Satellite (Malaysia, 28.2), Sydney Airport Fin Pty (Australia, 93.3), WSO Finance Pty (Australia, 132.7),
Pyrenees Energy (Australia, 67.1)
17
12
Tata Power Renewable Energy (India, 35.6), Tata Power Renewable Energy (India, 24.0), Green Infra (India, 40.3),
GMR Kamalanga Energy (India, 91.4), Cement Expansion and Captive (India, 67.2), Millennium City Expressways
(India, 198.5), Guruvayoor Infrastructure (India, 74.8), Andhra Cements (India, 56.9), Rayalseema Expressways
(India, 19.5), Dhamra Port (India, 242.3), Indus Towers (India, 145.3), Reliance Gas Pipelines (India, 113.1)
18
IDFC
BNP Paribas
1,108.8
966.6
1.6
1.4
Batutua Tembaga Raya PT (Indonesia, 41.3), Roy Hill Holdings Pty (Australia, 427.0), Oyu Tolgoi LLC (Mongolia, 100.0),
Aust Pac Airports Melbourne (Australia, 89.3), Viva Energy Pty (Australia, 113.9), Sydney Airport Fin Pty (Australia, 93.3),
Petronet LNG (India, 32.8), Nexus Australia Management (Australia, 69.0)
19
Raigarh Champa Rail (India, 160.1), Trichy Tollway (India, 40.5), Jhabua Power (India, 454.3), Mumbai Intl Airport
Axis Bank
911.4
1.3
(India, 115.2), Mumbai Intl Airport (India, 141.4)
20
Sarulla Geothermal,Sumatra (Indonesia, 54.7), Roy Hill Holdings Pty (Australia, 427.0), NGR Project mpany (Australia,
ING
823.8
1.2
64.7), NRT Finance Pty (Australia, 153.9), Pan Asia Majestic Eagle (Myanmar, 17.0), Burgos Wind Power Plant
(Philippines, 37.5), Nexus Australia Management (Australia, 69.0)
21
SG
814.9
1.1
Sarulla Geothermal,Sumatra (Indonesia, 54.7), Batutua Tembaga Raya PT (Indonesia, 41.3), Roy Hill Holdings Pty
(Australia, 427.0), Viva Energy Pty (Australia, 113.9), PT Bajradaya Sentranusa (Indonesia, 26.2), Petronet LNG (India,
32.8), Petrofac FPSO 003 Pte (Thailand, 9.3), Petrofac MOPU 005 Pte (Malaysia, 35.7), WR Carpenter No 1 Pty
(Australia, 74.1)
22
Pagbilao Power Plant (Philippines, 253.3), GMR-Megawide Cebu Airport rp (Philippines, 521.0), Burgos Wind Power Plant
Banco De Oro Unibank
807.8
1.1
(Philippines, 33.5)
23
Bank of China
625.9
0.9
DBNGP Finance Pty (Australia, 50.4), Tongjiang Railway (China, 212.7), Shanghai Shenergy Chongming Po (China, 362.8)
24
Kasikornbank
594.1
0.8

25
ICBC
566.7
0.8
Nam Ngiep 1 Power (Laos, 107.7), Serm Sang Palang Ngan (Thailand, 83.5), Lopburi Solar (Thailand, 8.7), Gulf Electric
PCL (Thailand, 394.1)
Roy Hill Holdings Pty (Australia, 427.0), Pan Africa LNG Transp (China, 16.5), Pan Asia LNG Transp (China, 16.3),
Pan Europe LNG Transp (China, 16.4), Pan Americas LNG Transp (China, 16.3), WR Carpenter No 1 Pty (Australia, 74.1)
26
Woori Financial
557.5
0.8
Boryeong LNG Terminal (South Korea, 557.5)
27
Bangkok Bank
539.0
0.8
Nam Ngiep 1 Power (Laos, 107.7), Bang Poo SPP (Thailand, 134.5), Bowin Clean Energy (Thailand, 35.1), Gulf Electric PCL
(Thailand, 261.7)
28
RBS
503.3
0.7
Sydney Airport Fin Pty (Australia, 93.3), APA Group (Australia, 410.0)
29
Siam mmercial Bank
501.8
0.7
Nam Ngiep 1 Power (Laos, 107.7), Gulf Electric PCL (Thailand, 394.1)
30
Standard Chartered
484.6
0.7
Jabiru Satellite (Australia, 25.0), Energy Equity Epic(Sengkang) (Indonesia, 41.7), Viva Energy Pty (Australia, 113.9),
MEASAT 3b Satellite (Malaysia, 28.2), NRT Finance Pty (Australia, 153.9), Pan Asia Majestic Eagle (Myanmar, 17.0),
CLP India Greenfield Wind (India, 55.0), Genting CDX Singapore Pte (Singapore, 50.0)
31= KB Financial Group
467.1
0.7
Youngchun-Sangju Highway (South Korea, 467.1)
31= Shinhan Financial
467.1
0.7
Youngchun-Sangju Highway (South Korea, 467.1)
435.9
0.6
Sindhanur (India, 28.8), Mumbai Intl Airport (India, 115.2), Solapur Yedeshi Tollway Lt (India, 150.4), Mumbai Intl Airport
33
IDBI Bank
(India, 141.4)
34
NGR Project mpany (Australia, 64.7), DBNGP Finance Pty (Australia, 50.4), WSO Finance Pty (Australia, 132.7),
CIBC World Markets
431.0
0.6
Westadium Partners Pty (Australia, 183.2)
35
RBC Capital Markets
411.2
0.6
QAL Finance Pty (Australia, 194.0), Perth Airport Pty (Australia, 84.6), WSO Finance Pty (Australia, 132.7)
36
DNB ASA
410.0
0.6
APA Group (Australia, 410.0)
37
Citi
375.2
0.5
Aust Pac Airports Melbourne (Australia, 89.3), Viva Energy Pty (Australia, 113.9), Singapore LNG rp (Singapore, 172.0)
38
KfW IPEX-Bank
329.7
0.5
NGR Project mpany (Australia, 64.7), First NatGas Power (Philippines, 265.0)
39
DZ Bank
277.8
0.4
NGR Project mpany (Australia, 64.7), Ravenhall Finance Pty (Australia, 175.6), Burgos Wind Power Plant (Philippines, 37.5)
40
Bank of America Merrill Lynch
272.7
0.4
Viva Energy Pty (Australia, 113.9), Sydney Airport Fin Pty (Australia, 93.3), Pan Africa LNG Transp (China, 16.5), Pan Asia
LNG Transp (China, 16.3), Pan Europe LNG Transp (China, 16.4), Pan Americas LNG Transp (China, 16.3)
41
Pagbilao Power Plant (Philippines, 253.3), SaCaSol (Philippines, 11.5)
Bank of Philippine Islands
264.8
0.4
59

Lead manager
Volume (US$m)
42
LH Financial
261.7
0.4
No of deals Deals
1
Gulf Electric PCL (Thailand, 261.7)
43
Santander
257.0
0.4
Astra SLR Finance Pty (Australia, 257.0)
44
Natixis
254.9
0.4
Energy Equity Epic(Sengkang) (Indonesia, 41.7), Viva Energy Pty (Australia, 113.9), MEASAT 3b Satellite (Malaysia, 28.2),
PT Bajradaya Sentranusa (Indonesia, 26.2), Petrofac FPSO 003 Pte (Thailand, 9.3), Petrofac MOPU 005 Pte (Malaysia,
35.7)
45
Metropolitan Bank & Trust
253.3
0.4
Pagbilao Power Plant (Philippines, 253.3)
46
Deutsche Bank
222.8
0.3
Viva Energy Pty (Australia, 113.9), GASJA 4 GK (Japan, 108.9)
47
Shinsei Bank
207.7
0.3
NGR Project mpany (Australia, 64.7), Nasushiobara Mega Solar GK (Japan, 73.5), Petronet LNG (India, 32.8),
Watami Ecology Solar Power (Japan, 36.6)
48
Canara Bank
194.1
0.3
Kochi Metro Rail (India, 194.1)
49
Sumitomo Mitsui Trust
192.1
0.3
NGR Project mpany (Australia, 64.7), DBNGP Finance Pty (Australia, 50.4), GDI [EII] Pty (Australia, 44.1),
Petronet LNG (India, 32.8)
50
JP Morgan
182.6
0.3
Aust Pac Airports Melbourne (Australia, 89.3), Sydney Airport Fin Pty (Australia, 93.3)
51
Investec
181.6
0.3
Queensland New Schools PPP (Australia, 133.6), Alinta Energy Transmission (Australia, 48.1)
52
Development Bank of Japan
175.8
0.3
Tomatoh Abira Solar Park rp (Japan, 102.4), Green Energy Tsu KK (Japan, 73.4)
53
CIMB
166.7
0.2
Gulf Electric PCL (Thailand, 166.7)
54
Malayan Banking
138.9
0.2
MEASAT 3b Satellite (Malaysia, 28.2), PT Bajradaya Sentranusa (Indonesia, 26.2), Trans Thai-Malaysia [Malaysia]
(Malaysia, 47.1), Burgos Wind Power Plant (Philippines, 37.5)
55
Bank of India
128.2
0.2
HPCL Mittal Energy (India, 128.2)
56= First Gulf Bank
113.9
0.2
Viva Energy Pty (Australia, 113.9)
56= National Bank of Abu Dhabi
113.9
0.2
Viva Energy Pty (Australia, 113.9)
108.8
0.2
Formosa Steel IB Pty (Australia, 58.3), DBNGP Finance Pty (Australia, 50.4)
58
Hua Nan Financial
59
Yes Bank
97.0
0.1
DJ Energy (India, 53.7), Uttar Urja Power Projects (India, 43.3)
60
Shinkin Central Bank
92.6
0.1
ACXS Kawasaki (Japan, 92.6)
61= Barclays
89.3
0.1
Aust Pac Airports Melbourne (Australia, 89.3)
61= Credit Mutuel
89.3
0.1
Aust Pac Airports Melbourne (Australia, 89.3)
63
Aozora Bank
82.6
0.1
NGR Project mpany (Australia, 64.7), SGET Toyama Mega Solar GK (Japan, 17.9)
64
NongHyup Financial
76.0
0.1
Bitplex (South Korea, 28.5), Donggi Senoro LNG PT (Indonesia, 47.5)
65
Toho Bank
75.6
0.1
Eurus Yabuki Nakajima Solar KK (Japan, 38.3), Litate Madeina Taiyokohatsuden (Japan, 37.3)
66
Intesa Sanpaolo
74.1
0.1
WR Carpenter No 1 Pty (Australia, 74.1)
67= Bank of Taiwan
58.3
0.1
Formosa Steel IB Pty (Australia, 58.3)
67= Chang Hwa mmercial Bank
58.3
0.1
67= CTBC Financial
58.3
0.1
67= Land Bank of Taiwan
58.3
0.1
67= Mega Financial
58.3
0.1
67= Taishin International Bank
58.3
0.1
67= Taiwan operative Bank
58.3
0.1
74
77 Bank
54.8
0.1
Yuzamachi Solar Power Plant (Japan, 54.8)
75= Credit Suisse
50.4
0.1
Keysbrook Mineral Sands (Australia, 50.4)
75= Rand Merchant Bank
50.4
0.1
DBNGP Finance Pty (Australia, 50.4)
77
HDFC Bank
47.9
0.1
Jodhpur Pali Expressway (India, 47.9)
78
Korea Exchange Bank
47.5
0.1
Donggi Senoro LNG PT (Indonesia, 47.5)
79
NIBC
45.0
0.1
Petrofac FPSO 003 Pte (Thailand, 9.3), Petrofac MOPU 005 Pte (Malaysia, 35.7)
80
TMB Bank
43.8
0.1
Lopburi Solar (Thailand, 8.7), Bowin Clean Energy (Thailand, 35.1)
81
Nord/LB
37.5
0.1
Burgos Wind Power Plant (Philippines, 37.5)
82= Land Bank of the Philippines
33.5
0.1
82= Philippine National Bank
33.5
0.1
82= Security Bank & Trust
33.5
0.1
85
San-in Godo Bank
32.0
Shimane Forest Generation LLC (Japan, 32.0)
86
RHB
28.2
MEASAT 3b Satellite (Malaysia, 28.2)
87
Saigon-Hanoi Bank
23.0
c San Hydropower (Vietnam, 23.0)
88
Chugoku Bank
19.1
Maniwa Biomass Power Plant (Japan, 19.1)
89
Indonesia Infrastructure Fin
17.9
PT Bajradaya Sentranusa (Indonesia, 17.9)
90
Hokuto Bank
12.1
Atsuta mmunity Wind Power KK (Japan, 12.1)
91
Showa Leasing
5.8
Watami Ecology Solar Power (Japan, 5.8)
92
Hana Financial
2.3
Bitplex (South Korea, 2.3)
Total*
71,753.2 100.0 203
60
2014 LEAGUE TABLES
EMEA INITIAL MANDATED LEAD ARRANGERS

Lead manager
BNP Paribas
Volume (US$m)
5,063.3
%
5.3
No of deals Deals
46
Safi Coal Fired Power Plant (Morocco, 84.9), GDF Onshore Wind (France, 375.5), Gemini Offshore (Netherlands, 252.8),
Suomi Power Networks Oy (Finland, 231.0), Budapest Airport Zrt (Hungary, 106.4), SGI Gas Network (Italy, 20.3), Lundin
Petroleum AB (Sweden, 235.3), Ithaca Exploration (Norway, 24.4), Waad Al Shamal (Saudi Arabia, 202.5), Emirates Steel
Plant (Utd Arab Em, 70.5), Vinci Park SA (France, 238.1), Redexis Gas SA (Spain, 112.0), Tethys Oil Block 3 & 4 (Oman, 25.0),
Jubilee Oil Field Offshore (Ghana, 187.5), Solareolica Acquisition (Italy, 42.1), Porterbrook Acquisition (United Kingdom,
136.0), Fortum Fjernvarme AS (Norway, 61.9), Kansanshi Expansion Mine (Zambia, 428.6), Norspan LNG III AS (Norway,
95.5), Amromco Energy (Romania, 10.3), TransAtlantic Oil Fields (Turkey, 30.0), Petrobras Oil & Gas BV (Nigeria, 100.0),
Aliaga Refinery (Turkey, 256.7), Core Energy AS (Norway, 83.4), Det norske oljeselskap ASA (Norway, 187.5), Palazzo San
Gervasio Wind Farm (Italy, 29.4), ONE (Netherlands, 68.0), Georges Besse 2 (France, 88.0), North Sea Catcher Field FPSO
(United Kingdom, 66.7), Cairn Energy PLC (United Kingdom, 95.8), Dundee Mining (Bulgaria, 16.0), Faroe Exploration
(Norway, 34.6), Ithaca Exploration (Norway, 32.3), CDP Reti Srl (Italy, 174.5), Milan Metro Line 4 (Italy, 60.9), Stadt
Hamburg (Germany, 66.4), Tea SpA (Italy, 43.2), Vivo Energy Investments BV (Cape Verde, 32.0), Gdansk Container
Terminal 2 (Poland, 60.2), BAMSA Parking Privatisation (Spain, 19.4), Angel Trains Ltd (United Kingdom, 129.8),
SECI CI-27 Gas Field Expansion (Ivory Coast, 53.3), Concesiones de Madrid SA (Spain, 28.7), Vortex Windfarm Portfolio
(France, 56.0), BRI Wind Farms 3 Ltd (Ireland-Rep, 57.8), Boralex Energie Verte (France, 251.9)
Safi Coal Fired Power Plant (Morocco, 60.5), Gemini Offshore (Netherlands, 252.8), Mirfa IWPP (Utd Arab Em, 301.8),
SMBC
4,696.2
4.9
31
Deviation de Troissereux Road (France, 91.4), Suomi Power Networks Oy (Finland, 231.0), Abqaiq Hawiyah Ras Tanura CHP
(Saudi Arabia, 80.0), Budapest Airport Zrt (Hungary, 106.4), Lundin Petroleum AB (Sweden, 235.3), Asyaport Container
Terminal (Turkey, 24.0), Waad Al Shamal (Saudi Arabia, 716.2), Vinci Park SA (France, 238.1), Hayabusa Wind Farm Portfolio
(United Kingdom, 77.5), Porterbrook Acquisition (United Kingdom, 136.0), Mersey Gateway Bridge (United Kingdom, 58.7),
CC Energy Development Ltd (Oman, 75.0), IEP 2 (United Kingdom, 195.0), Norspan LNG III AS (Norway, 95.5), ORPIC
(Oman, 425.5), UK Energy Transaction (United Kingdom, 100.8), IRSN Offices (France, 61.7), A9 Gaasperdammerweg
(Netherlands, 81.4), Derby Waste PFI (United Kingdom, 159.3), GDF Suez UK Wind Portfolio (United Kingdom, 48.6),
Schleswig Holstein Hospital (Germany, 131.4), Garabogaz New Fertilizer (Turkmenistan, 141.1), Ovadan Depe Gas to
Gasoline (Turkmenistan, 121.4), North Yorkshire Waste PFI (United Kingdom, 66.8), Angel Trains (United Kingdom, 227.5),
Thanet OFTO (United Kingdom, 56.1), Adana Integrated Health Campus (Turkey, 48.2), Kilpilahden Sahkonsiirto (Finland, 51.4)
3,669.7
3.9
30
Safi Coal Fired Power Plant (Morocco, 60.5), Gemini Offshore (Netherlands, 164.5), Mirfa IWPP (Utd Arab Em, 301.8),
Lundin Petroleum AB (Sweden, 235.3), Waad Al Shamal (Saudi Arabia, 716.2), Agility Trains Ltd (United Kingdom, 8.6),
Emirates Steel Plant (Utd Arab Em, 70.5), Teekay Knarr FPSO (Norway, 43.9), Copenhagen Airport Refinancing
(Denmark, 38.2), Hayabusa Wind Farm Portfolio (United Kingdom, 77.5), Westermost Stake Acquisition (United Kingdom,
125.6), Dungavel Wind Farm Acquisition (United Kingdom, 86.5), IEP 2 (United Kingdom, 195.0), Edinburgh Airport Sale
(United Kingdom, 72.6), UK Energy Transaction (United Kingdom, 100.8), Aliaga Refinery (Turkey, 115.0), Det
norske oljeselskap ASA (Norway, 187.5), Georges Besse 2 (France, 88.0), North Sea Catcher Field FPSO (United Kingdom,
66.7), GDF Suez UK Wind Portfolio (United Kingdom, 48.6), Fujairah ENOC Vopak Oil (Utd Arab Em, 22.5), Gate Terminal
BV (Netherlands, 13.3), Garabogaz New Fertilizer (Turkmenistan, 141.1), Ovadan Depe Gas to Gasoline (Turkmenistan, 121.4),
Quartier Sante (France, 79.1), Angel Trains Ltd (United Kingdom, 149.0), AWPR (United Kingdom, 125.7), Rabigh IWSP
(Saudi Arabia, 107.0), Thanet OFTO Ltd (United Kingdom, 56.1), Kilpilahden Sahkonsiirto Oy (Finland, 51.4)
ING
3,614.9
3.8
34
Budapest Airport Zrt (Hungary, 106.4), SGI Gas Network (Italy, 20.3), Lundin Petroleum AB (Sweden, 235.3), Redexis Gas
SA (Spain, 112.0), Copenhagen Airport Refinancing (Denmark, 106.6), Arlanda Express Project (Sweden, 49.0),
Saratovskaya Hydro Plant (Russian Fed, 261.5), Moravia Gas Storage (Czech Republic, 46.4), Gatwick Airport Refinancing
(United Kingdom, 71.2), Porterbrook Acquisition (United Kingdom, 136.0), PetroChad (Chad, 46.7), Gebeleisis Wind Farm
(Romania, 46.4), Kansanshi Expansion Mine (Zambia, 428.6), Amromco Energy (Romania, 10.3), Galati County Wind Farm
(Romania, 46.5), Edinburgh Airport Sale (United Kingdom, 72.6), Petrobras Oil & Gas BV (Nigeria, 100.0), Aliaga Refinery
(Turkey, 181.7), Det norske oljeselskap ASA (Norway, 187.5), ONE (Netherlands, 68.0), North Sea Catcher Field FPSO
(United Kingdom, 66.7), Onne Port Expansion (Nigeria, 49.5), Westermeerwind Wind Project (Netherlands, 107.1),
A9 Gaasperdammerweg (Netherlands, 81.4), EDF and F2i Wind Farm (Italy, 64.6), Usolsky Potash Plant (Russian Fed,
125.0), Fujairah ENOC Vopak Oil (Utd Arab Em, 22.5), Kom Munai LLP Kazakhstan (Kazakhstan, 50.0), Gate Terminal BV
(Netherlands, 13.3), Lusovento Hldg Sociedade (Portugal, 60.9), Groupement Solaire Cestas (France, 92.3), EVG
(Germany, 56.5), Angel Trains Ltd (United Kingdom, 173.3), Sovkomflot (Russian Fed, 319.0)
Credit Agricole
3,591.2
3.8
39
Safi Coal Fired Power Plant (Morocco, 84.9), Parc Eolien Du Miroir (France, 8.9), Porette de Nerone (France, 14.9),
Budapest Airport Zrt (Hungary, 106.4), Lundin Petroleum AB (Sweden, 235.3), Hoegh FSRU (Norway, 47.4), Emirates Steel
Plant (Utd Arab Em, 70.5), Vinci Park SA (France, 238.1), Teekay Knarr FPSO (Norway, 64.0), Redexis Gas SA (Spain, 112.0),
Copenhagen Airport Refinancing (Denmark, 38.2), Tethys Oil Block 3 & 4 (Oman, 25.0), Belvesol Solar (France, 27.9),
Jubilee Oil Field Offshore (Ghana, 187.5), Solareolica Acquisition (Italy, 42.1), Gatwick Airport Refinancing (United
Kingdom, 71.2), Gatwick Airport Refinancing (United Kingdom, 33.2), Porterbrook Acquisition (United Kingdom, 136.0),
Mersey Gateway Bridge (United Kingdom, 58.7), Netz West Rolling Stock PPP (Germany, 70.7), IEP 2 (United Kingdom,
132.3), Kansanshi Expansion Mine (Zambia, 428.6), Brassemonte (France, 36.3), Aliaga Refinery (Turkey, 256.7),
Queen Alia Airport Terminal (Jordan, 11.9), Palazzo San Gervasio Wind Farm (Italy, 29.4), ONE (Netherlands, 68.0),
Georges Besse 2 (France, 88.0), Tutor Fiber Network (France, 16.4), Calabria Wind Plants (Italy, 3.2), Milan Metro Line 4
(Italy, 60.9), A7 Bordeshom - Hamburg Road (Germany, 52.8), Usolsky Potash Plant (Russian Fed, 125.0), Bord Gais Wind
Farms Acq (Ireland-Rep, 232.5), Gate Terminal BV (Netherlands, 13.3), AGS Airports Ltd (United Kingdom, 197.4), EVG
(Germany, 56.5), SECI CI-27 Gas Field Expansion (Ivory Coast, 53.3), Thanet OFTO Ltd (United Kingdom, 56.1)
61
EMEA INITIAL MANDATED LEAD ARRANGERS CONTINUED

Lead manager
HSBC
Volume (US$m)
3,267.6
3.4
No of deals Deals
19
Taweelah Aluminium Extrusion (Utd Arab Em, 23.3), IPR Portfolio (Egypt, 100.0), Lundin Petroleum AB (Sweden, 235.3),
Waad Al Shamal (Saudi Arabia, 716.2), Agility Trains Ltd (United Kingdom, 5.2), Jubilee Oil Field Offshore (Ghana, 187.5),
CC Energy Development Ltd (Oman, 75.0), IEP 2 (United Kingdom, 132.3), Kansanshi Expansion Mine (Zambia, 428.6),
ORPIC (Oman, 425.5), Petrobras Oil & Gas BV (Nigeria, 100.0), Det norske oljeselskap ASA (Norway, 187.5), Georges
Besse 2 (France, 88.0), Cairn Energy PLC (United Kingdom, 95.8), CDP Reti Srl (Italy, 174.5), Stadt Hamburg (Germany,
66.4), Usolsky Potash Plant (Russian Fed, 125.0), SECI CI-27 Gas Field Expansion (Ivory Coast, 53.3), Adana Integrated
Health Campus (Turkey, 48.2)
Safi Coal Fired Power Plant (Morocco, 84.9), Deviation de Troissereux Road (France, 91.4), Budapest Airport Zrt (Hungary,
SG
3,174.1
3.3
34
106.4), SGI Gas Network (Italy, 20.3), Lundin Petroleum AB (Sweden, 235.3), Turceni Coal-Fired Plant (Romania, 27.8),
Emirates Steel Plant (Utd Arab Em, 70.5), Toulon Sewer (France, 25.7), Luxey Solarphoton (France, 7.9), Garein Solarphoton
(France, 9.7), Claouziquet Centrale Solaire (France, 6.3), Jubilee Oil Field Offshore (Ghana, 187.5), Gatwick Airport
Refinancing (United Kingdom, 33.2), Westermost Stake Acquisition (United Kingdom, 125.6), PetroChad (Chad, 46.7),
IEP 2 (United Kingdom, 132.3), Kansanshi Expansion Mine (Zambia, 428.6), Amromco Energy (Romania, 10.3), N17/N18
Gort-Tuam PPP (Ireland-Rep, 52.9), Petrobras Oil & Gas BV (Nigeria, 100.0), Aliaga Refinery (Turkey, 208.1), Det
norske oljeselskap ASA (Norway, 187.5), Georges Besse 2 (France, 88.0), Central Area Transmission (United Kingdom, 61.0),
Cairn Energy PLC (United Kingdom, 95.8), CDP Reti Srl (Italy, 174.5), A9 Gaasperdammerweg (Netherlands, 81.4),
EDF and F2i Wind Farm (Italy, 64.6), A7 Bordeshom - Hamburg Road (Germany, 52.8), Usolsky Potash Plant (Russian Fed,
125.0), Kom Munai LLP Kazakhstan (Kazakhstan, 50.0), Vivo Energy Investments BV (Cape Verde, 32.0), Groupement
Solaire Cestas (France, 92.3), BRI Wind Farms 3 Ltd (Ireland-Rep, 57.8)
Mirfa IWPP (Utd Arab Em, 301.8), Waad Al Shamal (Saudi Arabia, 716.2), NOP Agrowind Onshore (Netherlands, 137.0),
KfW IPEX-Bank
2,703.5
2.8
19
Arlanda Express Project (Sweden, 49.0), Gatwick Airport Refinancing (United Kingdom, 71.2), Mersey Gateway Bridge
(United Kingdom, 58.7), Boralex Wind Farm Portfolio (France, 89.9), ORPIC (Oman, 425.5), Edinburgh Airport Sale
(United Kingdom, 72.6), Saint Riquier 3 & 4 (France, 21.3), Aliaga Refinery (Turkey, 66.5), North Sea Catcher Field FPSO
(United Kingdom, 66.7), Crook Hill Wind Farm (United Kingdom, 96.8), GDF Suez UK Wind Portfolio (United Kingdom,
48.6), Schleswig Holstein Hospital (Germany, 131.4), Kuolavaara-Keulakkopaa Wind (Finland, 135.0), North Yorkshire Waste
PFI (United Kingdom, 66.8), Groupement Solaire Cestas (France, 92.3), EVG (Germany, 56.5)
Gemini Offshore (Netherlands, 164.5), Taweelah Aluminium Extrusion (Utd Arab Em, 23.3), Budapest Airport Zrt (Hungary,
Natixis
2,581.8
2.7
45
106.4), Lundin Petroleum AB (Sweden, 235.3), Akuo Olmo (France, 16.2), Emirates Steel Plant (Utd Arab Em, 70.5), Cntrle
Photovoltaique (France, 9.8), Talita (France, 7.1), Jubilee Oil Field Offshore (Ghana, 187.5), Les Nouillers Wind Farm (France,
15.7), Eoliennes La Chaussee (France, 20.3), PetroChad (Chad, 46.7), Fonroche Energie SAS (France, 16.0), La Montagne
Wind Farm (France, 20.9), Solaris 6 (France, 174.8), Oyre Saint Sauveur (France, 20.0), N17/N18 Gort-Tuam PPP
(Ireland-Rep, 153.1), Petrobras Oil & Gas BV (Nigeria, 100.0), Aliaga Refinery (Turkey, 141.5), Queen Alia Airport Terminal
(Jordan, 11.9), Vaux-Coulommes Wind Farm (France, 66.4), Georges Besse 2 (France, 88.0), Fonroche Energie SAS (France,
13.7), Geloux Solar Power Plant (France, 11.2), Axione Broadband Portfolio (France, 254.6), Milan Metro Line 4 (Italy, 60.9),
Chemin du Bois Hubert (France, 45.6), La Foret (France, 29.5), Akuo Mortella (France, 24.3), Mortella (France, 26.9),
Roc Du Doun (France, 34.9), Societe Geothermale des Rives (France, 25.3), PV Ecarpiere - Getigne (France, 4.3), FPV Les
Cedres (France, 47.7), Solaire Sud (France, 11.7), Brainwave Solar PV Portfolio (Italy, 98.5), Quartier Sante (France, 79.1),
Solaire (France, 16.6), SPV 13 Vulcain (France, 8.3), SPV 14 (France, 6.8), Le Mouruen Solar Plant (France, 19.7),
CROISETTE II - ENERTRAG (France, 12.5), Parc Eolien De Coulours (France, 18.3), Parc Eolien de Saint Caradec (France,
9.6), Fresnoy Brancourt (France, 25.9)
10
Deutsche Bank
1,943.8
2.0
14
Gemini Offshore (Netherlands, 164.5), Suomi Power Networks Oy (Finland, 231.0), Budapest Airport Zrt (Hungary, 106.4),
Lundin Petroleum AB (Sweden, 235.3), SunEdison Lumina PV Project (United Kingdom, 52.5), Bournemouth Solar PV
Project (United Kingdom, 67.5), Klettwitz Onshore Windfarm (Germany, 255.8), Aliaga Refinery (Turkey, 208.1), Det
norske oljeselskap ASA (Norway, 187.5), Treia and Oria PV Plant (Italy, 50.2), Stadt Hamburg (Germany, 66.4), Garabogaz
New Fertilizer (Turkmenistan, 141.1), Ovadan Depe Gas to Gasoline (Turkmenistan, 121.4), Vortex Windfarm Portfolio (France, 56.0)
11
Safi Coal Fired Power Plant (Morocco, 60.5), Mirfa IWPP (Utd Arab Em, 301.8), Waad Al Shamal (Saudi Arabia, 716.2),
Mizuho Financial
1,938.4
2.0
11
Agility Trains Ltd (United Kingdom, 8.6), Westermost Stake Acquisition (United Kingdom, 125.6), IEP 2 (United Kingdom,
195.0), Aix-Marseille Renovation PPP (France, 82.2), Garabogaz New Fertilizer (Turkmenistan, 141.1), Ovadan Depe Gas to
Gasoline (Turkmenistan, 121.4), Quartier Sante (France, 79.1), Rabigh IWSP (Saudi Arabia, 107.0)
12
Emirates Steel Plant (Utd Arab Em, 70.5), Vinci Park SA (France, 238.1), Renewables Infrastructure Grp (Guernsey, 66.6),
RBS
1,797.1
1.9
19
Redexis Gas SA (Spain, 112.0), Gatwick Airport Refinancing (United Kingdom, 33.2), Gatwick Airport Refinancing
(United Kingdom, 71.2), Porterbrook Acquisition (United Kingdom, 136.0), Edinburgh Airport Sale (United Kingdom, 72.6),
Foresight Solar Portfolio (United Kingdom, 56.1), UK Energy Transaction (United Kingdom, 100.8), Bluefield Solar Farms
Acq (United Kingdom, 83.9), Heysham Wind Farm (United Kingdom, 20.0), Faroe Exploration (Norway, 34.6), AES Onshore
Wind Portfolio Acq (United Kingdom, 124.4), Lightsource SPV 61 Ltd (United Kingdom, 46.2), Dublin Waste to Energy Ltd
(Ireland-Rep, 63.9), AGS Airports Ltd (United Kingdom, 197.4), Infinis Energy Plc (United Kingdom, 40.8), Angel Trains Ltd
(United Kingdom, 228.5)
13
24
Gemini Offshore (Netherlands, 252.8), Infinita Renovables SA (Spain, 69.7), ADIF Parking Privatisation (Spain, 35.1),
Tiger Water Supply (Spain, 66.0), Vinci Park SA (France, 238.1), Gatwick Airport Refinancing (United Kingdom, 71.2),
Gatwick Airport Refinancing (United Kingdom, 33.2), Porterbrook Acquisition (United Kingdom, 136.0), Metro de Granada
PPP (Spain, 29.5), Aix-Marseille Renovation PPP (France, 55.7), Foresight Solar Portfolio (United Kingdom, 56.1), Aliaga
Refinery (Turkey, 66.7), Georges Besse 2 (France, 88.0), Central Area Transmission (United Kingdom, 61.0), Barcelona
Sagrera Alta (Spain, 60.3), Universiatario Marques (Spain, 51.0), EDF and F2i Wind Farm (Italy, 64.6), AES Onshore Wind
62
Santander
1,768.0
1.9
2014 LEAGUE TABLES

Lead manager
Volume (US$m)
No of deals Deals
Portfolio Acq (United Kingdom, 124.4), MSP Fairwind Ltd (United Kingdom, 9.0), Sunsave 14 Ltd (United Kingdom, 32.7),
Lusovento Hldg Sociedade (Portugal, 60.9), BAMSA Parking Privatisation (Spain, 19.4), Concesiones de Madrid SA (Spain,
28.7), BRI Wind Farms 3 Ltd (Ireland-Rep, 57.8)
14
24
Budapest Airport Zrt (Hungary, 106.4), Mersin Health Campus (Turkey, 112.6), Turceni Coal-Fired Plant (Romania, 27.8),
Emirates Steel Plant (Utd Arab Em, 70.5), ImWind Ziost Wind Farm (Austria, 44.8), Pottenbrunn IV Wind Farm (Austria,
25.9), Nutberry Wind Farm (United Kingdom, 38.9), Aliaga Refinery (Turkey, 141.5), Topolog-Dorobantu Wind Farm
(Romania, 25.8), Georges Besse 2 (France, 88.0), NOV Srl (Italy, 19.6), Dundee Mining (Bulgaria, 16.0), CDP Reti Srl (Italy,
174.5), Milan Metro Line 4 (Italy, 60.9), Glennmont French Wind (France, 22.5), B8 Oil Field (Poland, 117.5), EDF and F2i
Wind Farm (Italy, 64.6), Stadt Hamburg (Germany, 66.4), Usolsky Potash Plant (Russian Fed, 125.0), Rudine Wind Farm
(Croatia, 31.0), Gdansk Container Terminal 2 (Poland, 60.2), Jagiellonian Univ Facility (Poland, 23.3), Thanet OFTO Ltd
(United Kingdom, 56.1), Dalaman Regional Airport (Turkey, 107.0)
15
Suomi Power Networks (Finland, 231.0), Lundin Petroleum (Sweden, 235.3), Ithaca Exploration (Norway, 24.4), Gatwick
UniCredit
CBA
1,626.8
1,615.2
1.7
1.7
12
Airport Refinancing (United Kingdom, 71.2), Porterbrook Acquisition (United Kingdom, 136.0), Edinburgh Airport Sale
(United Kingdom, 271.5), Det norske oljeselskap ASA (Norway, 187.5), ONE (Netherlands, 68.0), Cairn Energy (United
Kingdom, 95.8), Faroe Exploration (Norway, 34.6), Ithaca Exploration (Norway, 32.3), Angel Trains Ltd (United Kingdom, 227.5)
16
SEB
1,596.1
1.7
17
Suomi Power Networks Oy (Finland, 231.0), Lundin Petroleum AB (Sweden, 235.3), Ithaca Exploration (Norway, 24.4),
Copenhagen Airport Refinancing (Denmark, 38.2), Arlanda Express Project (Sweden, 49.0), Fortum Fjernvarme AS
(Norway, 61.9), Det norske oljeselskap ASA (Norway, 187.5), North Sea Catcher Field FPSO (United Kingdom, 66.7),
Tullow Oil Norge AS (Norway, 250.2), Central Area Transmission (United Kingdom, 61.0), Faroe Exploration (Norway, 34.6),
Ithaca Exploration (Norway, 32.3), Stadt Hamburg (Germany, 66.4), Schleswig Holstein Hospital (Germany, 131.4), Vartinoja
Onshore Wind Farm (Finland, 18.6), EVG (Germany, 56.5), Kilpilahden Sahkonsiirto Oy (Finland, 51.4)
17
Safi Coal Fired Power Plant (Morocco, 84.9), Zambia IHS Tower Expansion (Zambia, 70.0), Jubilee Oil Field Offshore
Standard Chartered
1,469.4
1.6
12
(Ghana, 187.5), Kansanshi Expansion Mine (Zambia, 428.6), ORPIC (Oman, 131.2), Azura Gas-Fired Power Station (Nigeria,
176.7), Petrobras Oil & Gas BV (Nigeria, 100.0), Onne Port Expansion (Nigeria, 49.5), Cairn Energy PLC (United Kingdom,
95.8), Vivo Energy Investments BV (Cape Verde, 32.0), Kirikkale CCGT Facility (Turkey, 60.0), SECI CI-27 Gas Field
Expansion (Ivory Coast, 53.3)
18
Suomi Power Networks Oy (Finland, 231.0), Lundin Petroleum AB (Sweden, 235.3), Hoegh FSRU (Norway, 47.4),
DNB ASA
1,270.6
1.3
11
Det norske oljeselskap ASA (Norway, 187.5), North Sea Catcher Field FPSO (United Kingdom, 66.7), Tullow Oil Norge AS
(Norway, 250.2), Cairn Energy PLC (United Kingdom, 95.8), Faroe Exploration (Norway, 34.6), Gate Terminal BV
(Netherlands, 13.3), Green Energy Supply Ltd (Ireland-Rep, 51.2), BRI Wind Farms 3 Ltd (Ireland-Rep, 57.8)
19
10
Suomi Power Networks Oy (Finland, 231.0), Budapest Airport Zrt (Hungary, 106.4), Copenhagen Airport Refinancing
(Denmark, 38.2), Porterbrook Acquisition (United Kingdom, 136.0), Foresight Solar Portfolio (United Kingdom, 56.1),
Central Area Transmission (United Kingdom, 61.0), Dundee Mining (Bulgaria, 16.0), AES Onshore Wind Portfolio Acq
(United Kingdom, 124.4), AGS Airports Ltd (United Kingdom, 197.4), Angel Trains Ltd (United Kingdom, 228.5)
20
RBC Capital Markets
Barclays
1,195.0
1,156.7
1.3
1.2
Jubilee Oil Field Offshore (Ghana, 187.5), Kansanshi Expansion Mine (Zambia, 428.6), Det norske oljeselskap ASA
(Norway, 187.5), Central Area Transmission (United Kingdom, 61.0), Stadt Hamburg (Germany, 66.4), Dublin Waste to
Energy Ltd (Ireland-Rep, 63.9), Vivo Energy Investments BV (Cape Verde, 32.0), Angel Trains Ltd (United Kingdom, 129.8)
21
Suomi Power Networks Oy (Finland, 231.0), Edinburgh Airport Sale (United Kingdom, 271.5), Det norske oljeselskap ASA
Scotiabank
1,056.2
1.1
(Norway, 187.5), Central Area Transmission (United Kingdom, 61.0), AGS Airports Ltd (United Kingdom, 197.4), EVG
(Germany, 56.5), Kilpilahden Sahkonsiirto Oy (Finland, 51.4)
22
Aliaga Refinery (Turkey, 450.0), Gebze-Orhangazi-Izmir Highway (Turkey, 75.0), Kemerkoy-Yenikoy Lignite Plant
Garanti Bank
1,032.0
1.1
(Turkey, 507.0)
23
Budapest Airport Zrt (Hungary, 106.4), SGI Gas Network (Italy, 20.3), Vinci Park SA (France, 238.1), Redexis Gas SA
BBVA
954.2
1.0
13
(Spain, 112.0), Solareolica Acquisition (Italy, 11.8), Emasesa (Spain, 66.1), Metro de Granada PPP (Spain, 29.5), Aliaga
Refinery (Turkey, 141.7), Georges Besse 2 (France, 88.0), Barcelona Sagrera Alta (Spain, 60.3), Encampus Residencia
de (Spain, 12.5), BAMSA Parking Privatisation (Spain, 19.4), Adana Integrated Health Campus (Turkey, 48.2)
24
Citi
875.7
0.9

25
CaixaBank
826.1
0.9
10
Suomi Power Networks Oy (Finland, 231.0), Lundin Petroleum AB (Sweden, 235.3), Hoegh FSRU (Norway, 47.4),
Emirates Steel Plant (Utd Arab Em, 70.5), Teekay Knarr FPSO (Norway, 104.0), Det norske oljeselskap ASA (Norway, 187.5)
Gemini Offshore (Netherlands, 164.5), ADIF Parking Privatisation (Spain, 35.1), Redexis Gas SA (Spain, 112.0),
Norspan LNG III AS (Norway, 95.5), Aliaga Refinery (Turkey, 66.7), Barcelona Sagrera Alta (Spain, 60.3), Lusovento Hldg
Sociedade (Portugal, 60.9), AGS Airports Ltd (United Kingdom, 197.4), Neoen SAS (France, 14.3), BAMSA Parking
Privatisation (Spain, 19.4)
26
Lloyds Bank
Lundin Petroleum AB (Sweden, 235.3), Porterbrook Acquisition (United Kingdom, 136.0), Mersey Gateway Bridge
(United Kingdom, 58.7), IEP 2 (United Kingdom, 132.3), Central Area Transmission (United Kingdom, 61.0), Faroe
Exploration (Norway, 34.6), Angel Trains Ltd (United Kingdom, 129.8)
27
Ullersdorf Onshore Wind Farm (Germany, 104.0), Netz West Rolling Stock PPP (Germany, 70.7), Aix-Marseille
Nord/LB
787.7
774.8
0.8
0.8
13
Renovation PPP (France, 82.2), Calder Water Wind Farm (United Kingdom, 77.0), Les Touches and Aubigeon (France, 45.2),
Hohenmoelsen I (Germany, 26.5), Stadt Hamburg (Germany, 66.4), SNBTS (United Kingdom, 58.2), Lobendorfer Forsten
(Germany, 37.5), North Yorkshire Waste PFI (United Kingdom, 66.8), Green Energy Supply Ltd (Ireland-Rep, 54.5),
New Albion Wind Ltd (United Kingdom, 29.6), Thanet OFTO Ltd (United Kingdom, 56.1)
28
HSH Nordbank
737.2
0.8
Budapest Airport Zrt (Hungary, 106.4), Vinci Park SA (France, 238.1), Saint Riquier 3 & 4 (France, 21.3), Enerparc AG
(Germany, 43.7), Aquitaine and Biscaya PV (France, 148.3), Stadt Hamburg (Germany, 66.4), Seine Rive Gauche Wind
Farm (France, 113.0)
63

Lead manager
Volume (US$m)
699.0
0.7
29 ABN AMRO Bank
No of deals Deals
7
Gemini Offshore (Netherlands, 164.5), Hoegh FSRU (Norway, 47.4), Teekay Knarr FPSO (Norway, 104.0), Det norske
oljeselskap ASA (Norway, 187.5), ONE (Netherlands, 68.0), North Sea Catcher Field FPSO (United Kingdom, 66.7),
Central Area Transmission (United Kingdom, 61.0)
30 Yapi Ve Kredi Bankasi
694.6
0.7

31 Nedbank Capital
672.0
0.7

32 Nordea
637.2
0.7
Mersin Health Campus (Turkey, 112.6), Gebze-Orhangazi-Izmir Highway (Turkey, 75.0), Kemerkoy-Yenikoy Lignite Plant
(Turkey, 507.0)
Mamba Cement Co (South Africa, 53.1), Langer Heinrich Uranium[Pty] (Namibia, 65.0), Lundin Petroleum AB (Sweden,
235.3), Cenpower Generation Co Ltd (Ghana, 216.7), Statistics S Africa [Stats SA] (South Africa, 102.0)
Lundin Petroleum AB (Sweden, 235.3), Hoegh FSRU (Norway, 47.4), Arlanda Express Project (Sweden, 49.0), Det norske
oljeselskap ASA (Norway, 187.5), North Sea Catcher Field FPSO (United Kingdom, 66.7), Kilpilahden Sahkonsiirto Oy
(Finland, 51.4)
33 Standard Bank
629.2
0.7

34 Intesa Sanpaolo
621.8
0.7
10
Langer Heinrich Uranium[Pty] (Namibia, 65.0), Jubilee Oil Field Offshore (Ghana, 187.5), Gigawatt Gas Fired Power Plant
(Uganda, 160.0), Cenpower Generation Co Ltd (Ghana, 216.7)
Tiger Water Supply (Spain, 66.0), Tram Di Firenze Scarl (Italy, 76.4), Aliaga Refinery (Turkey, 75.0), NOV Srl (Italy, 19.6),
Calabria Wind Plants (Italy, 3.2), CDP Reti Srl (Italy, 174.5), Milan Metro Line 4 (Italy, 60.9), EDF and F2i Wind Farm (Italy,
64.6), Tea SpA (Italy, 43.2), Milano Serravalle Tangenziali (Italy, 38.3)
605.7
0.6
Budapest Airport Zrt (Hungary, 106.4), Tethys Oil Block 3 & 4 (Oman, 25.0), Westermost Stake Acquisition
(United Kingdom, 125.6), Porterbrook Acquisition (United Kingdom, 136.0), North Yorkshire Waste PFI (United Kingdom,
66.8), Angel Trains Ltd (United Kingdom, 97.7), Adana Integrated Health Campus (Turkey, 48.2)
36 CIBC World Markets
604.0
0.6

37 Macquarie Group
603.1
0.6

38 Turkiye Halk Bankasi
Gemini Offshore (Netherlands, 164.5), Suomi Power Networks Oy (Finland, 231.0), Porterbrook Acquisition
(United Kingdom, 136.0), Dundee Mining (Bulgaria, 16.0), EVG (Germany, 56.5)
Budapest Airport Zrt (Hungary, 388.8), Mersey Gateway Bridge (United Kingdom, 86.5), Dublin Waste to Energy Ltd
(Ireland-Rep, 127.8)
582.0
0.6
Gebze-Orhangazi-Izmir Highway (Turkey, 75.0), Kemerkoy-Yenikoy Lignite Plant (Turkey, 507.0)
582.0
0.6
Gebze-Orhangazi-Izmir Highway (Turkey, 75.0), Kemerkoy-Yenikoy Lignite Plant (Turkey, 507.0)
40 Gazprombank
539.2
0.6
Areoexpress Rail Expansion (Russian Fed, 539.2)
41 Hypo Real Estate Holding
534.6
0.6
Schwabinger Tor Project (Germany, 534.6)
42 Ziraat Bankasi
507.0
0.5
Kemerkoy-Yenikoy Lignite Plant (Turkey, 507.0)
43 Groupe BPCE
466.5
0.5
=38 Turkiye Is Bankasi
Les Charmilles School Complex (France, 9.5), Univers Glace (France, 61.1), Luxey Solarphoton (France, 7.9),
Garein Solarphoton (France, 9.7), Claouziquet Centrale Solaire (France, 6.3), Solaris 6 (France, 174.8), Thirdstep Pipeline 2
(France, 39.7), Openly Regie du Peripherique (France, 115.8), Geothermie Villages Nature (France, 41.5)
44 Rabobank
NOP Agrowind Onshore (Netherlands, 153.4), PoortCentraal BV (Netherlands, 103.4), Westermeerwind Wind Project
451.4
0.5
(Netherlands, 194.6)
45 Rand Merchant Bank
Azura Gas-Fired Power Station (Nigeria, 176.7), Cenpower Generation Co Ltd (Ghana, 216.7), Vivo Energy Investments BV
425.3
0.5
(Cape Verde, 32.0)
46 Swedbank
Hoegh FSRU (Norway, 47.4), Det norske oljeselskap ASA (Norway, 187.5), North Sea Catcher Field FPSO (United Kingdom,
388.4
0.4

47
Bayerische Landesbank Giro
363.6
0.4

48 Landesbank Baden-Wurttemberg 359.6
0.4
66.7), TSME (Finland, 86.8)

Netz West Rolling Stock PPP (Germany, 70.7), Steinberg Ballet Hall PPP (Germany, 35.2), WPD Wind Farm Portfolio Sale
(Germany, 32.1), Derby Waste PFI (United Kingdom, 159.3), Stadt Hamburg (Germany, 66.4)
Windpark Windberg (Germany, 9.6), Windpark KuseyNeuferchau (Germany, 44.0), Godewin GmbH & Co KG (Germany, 4.3),
Stadt Hamburg (Germany, 66.4), Schleswig Holstein Hospital (Germany, 131.4), Energiepark Bruck/Leitha GmbH (Austria,
35.0), Windpark Haadfeld GmbH & Co KG (Austria, 68.9)
49 Ecobank Transnational
350.0
0.4
Ghana Airport Company Ltd (Ghana, 350.0)
50 Bank Nederlandse Gemeenten 342.8
0.4
Gemini Offshore (Netherlands, 164.5), A9 Gaasperdammerweg (Netherlands, 81.4), RIVM New Building (Netherlands, 96.9)
51 Cassa Depositi e Prestiti
342.4
0.4
Tram Di Firenze Scarl (Italy, 76.4), Milan Metro Line 4 (Italy, 266.0)
52 JP Morgan
339.7
0.4
Lundin Petroleum AB (Sweden, 235.3), Gatwick Airport Refinancing (United Kingdom, 71.2), Gatwick Airport Refinancing
53 Sumitomo Mitsui Trust
Safi Coal Fired Power Plant (Morocco, 60.5), Abqaiq Hawiyah Ras Tanura CHP (Saudi Arabia, 80.0), IEP 2 (United Kingdom,
335.5
0.4
195.0)
54 Mid-Capital
317.8
0.3
Suomi Power Networks Oy (Finland, 231.0), TSME (Finland, 86.8)
55 Korea Exchange Bank
307.5
0.3
Teekay Knarr FPSO (Norway, 307.5)
56 Banque Saudi Fransi
290.8
0.3
King Abdullah Port Expansion (Saudi Arabia, 140.8), Kirikkale CCGT Facility (Turkey, 50.0), Kirikkale CCGT Facility (Turkey,
100.0)
57
Mediobanca
58 DZ Bank
286.5
0.3
Redexis Gas SA (Spain, 112.0), CDP Reti Srl (Italy, 174.5)
279.2
0.3
A9 Gaasperdammerweg (Netherlands, 81.4), Stadt Hamburg (Germany, 66.4), Schleswig Holstein Hospital (Germany,
131.4)
59 KBC Group
268.9
0.3

60 Attijariwafa Bank SA
=60 Banque Centrale Populaire
62 Credit Mutuel
0.3
Safi Coal Fired Power Plant (Morocco, 268.0)
268.0
0.3
Safi Coal Fired Power Plant (Morocco, 268.0)
243.6
0.3
233.2
0.3
64
(Netherlands, 81.4)
268.0

63 Banco Popular Espanol
Budapest Airport Zrt (Hungary, 106.4), Wind aan de Stroom Wind Farm (Belgium, 81.2), A9 Gaasperdammerweg
Toulon Sewer (France, 25.7), Norspan LNG III AS (Norway, 95.5), Queen Alia Airport Terminal (Jordan, 11.9), Georges Besse 2
(France, 88.0), Glennmont French Wind (France, 22.5)
ADIF Parking Privatisation (Spain, 35.1), Redexis Gas SA (Spain, 112.0), Aliaga Refinery (Turkey, 66.7), BAMSA Parking
Privatisation (Spain, 19.4)
2014 LEAGUE TABLES

Lead manager
Volume (US$m)
230.5
0.2
64 BMPS
No of deals Deals
5
Tram Di Firenze Scarl (Italy, 76.4), Vittoria Solar PV Power Plant (Italy, 11.7), Milan Metro Line 4 (Italy, 60.9), Tea SpA (Italy,
43.2), Milano Serravalle Tangenziali (Italy, 38.3)
65 Arab Banking Corporation
226.7
0.2
Emirates Steel Plant (Utd Arab Em, 70.5), Tethys Oil Block 3 & 4 (Oman, 25.0), ORPIC (Oman, 131.2)
66 National Bank of Abu Dhabi
225.0
0.2
Taweelah Aluminium Extrusion (Utd Arab Em, 23.3), Emirates Steel Plant (Utd Arab Em, 70.5), ORPIC (Oman, 131.2)
67 Abu Dhabi Islamic Bank
223.8
0.2
Emirates Steel Plant (Utd Arab Em, 80.8), Al Nouran Sugar Plant (Egypt, 71.5), Al Sharkeya Sugar Plant (Egypt, 71.5)
68 Abu Dhabi Commercial Bank
201.7
0.2
Emirates Steel Plant (Utd Arab Em, 70.5), ORPIC (Oman, 131.2)
69 Landesbank Hessen-Thueringen 193.8
0.2
Stadt Hamburg (Germany, 66.4), Groupement Solaire Cestas (France, 92.3), Energiepark Bruck/Leitha (Austria, 35.0)
70 National Bank of Greece
0.2
Attica School (Greece, 53.6), Korinthos IPP Refinancing (Greece, 53.6), Athens Telematics System PPP (Greece, 9.1),
191.3
Gebze-Orhangazi-Izmir Highway (Turkey, 75.0)
71 Sparebanken Oslo Akershus
187.5
0.2
Det norske oljeselskap ASA (Norway, 187.5)
72 National Australia Bank
180.0
0.2
Renewables Infrastructure Grp (Guernsey, 66.6), Edinburgh Airport Sale (United Kingdom, 72.6), Infinis Energy Plc
73 Bank Gospodarstwa Krajowego
177.7
0.2
B8 Oil Field (Poland, 117.5), Gdansk Container Terminal 2 (Poland, 60.2)
74 First City Group
176.7
0.2
Azura Gas-Fired Power Station (Nigeria, 176.7)
75 Development Bank of Japan
176.2
0.2
Teekay Knarr FPSO (Norway, 43.9), IEP 2 (United Kingdom, 132.3)
76 Commerzbank
176.1
0.2
Onne Port Expansion (Nigeria, 49.5), Stadt Hamburg (Germany, 66.4), Gdansk Container Terminal 2 (Poland, 60.2)
164.5
0.2
Gemini Offshore (Netherlands, 164.5)
78 Unione di Banche Italiane Scpa 161.9
0.2
77 BMO Capital Markets

79 Banco de Sabadell
147.5
0.2

80 Banque Audi SAL
SGI Gas Network (Italy, 20.3), Treia and Oria PV Plant (Italy, 50.2), Tea SpA (Italy, 43.2), Milano Serravalle Tangenziali (Italy,
38.3), Eolica Petralia Srl (Italy, 9.8)
ADIF Parking Privatisation (Spain, 35.1), Metro de Granada PPP (Spain, 29.5), Encampus Residencia de (Spain, 12.5),
Universiatario Marques (Spain, 51.0), BAMSA Parking Privatisation (Spain, 19.4)
143.0
0.2
Al Nouran Sugar Plant (Egypt, 71.5), Al Sharkeya Sugar Plant (Egypt, 71.5)
143.0
0.2
Al Nouran Sugar Plant (Egypt, 71.5), Al Sharkeya Sugar Plant (Egypt, 71.5)
82 Dexia
141.3
0.2
Mersin Health Campus (Turkey, 112.6), Concesiones de Madrid SA (Spain, 28.7)
83 Danske Bank
132.7
0.1
=80 Banque Misr

84 Ahli United Bank
Hoegh FSRU (Norway, 47.4), North Sea Catcher Field FPSO (United Kingdom, 66.7), Vartinoja Onshore Wind Farm
(Finland, 18.6)
131.2
0.1
ORPIC (Oman, 131.2)
=84 Bank Dhofar
131.2
0.1
ORPIC (Oman, 131.2)
=84 Bank Muscat
131.2
0.1
ORPIC (Oman, 131.2)
=84 National Bank of Oman
131.2
0.1
ORPIC (Oman, 131.2)
=84 Natl Comml Bank Saudi Arabia 131.2
0.1
ORPIC (Oman, 131.2)
=84 Oman Arab Bank
131.2
0.1
ORPIC (Oman, 131.2)
=84 Qatar National Bank
131.2
0.1
ORPIC (Oman, 131.2)
=84 Sohar Bank
131.2
0.1
ORPIC (Oman, 131.2)
92 Sberbank CIB
125.0
0.1
Usolsky Potash Plant (Russian Fed, 125.0)
93 Credit Mutuel Arke
115.8
0.1
Openly Regie du Peripherique (France, 115.8)
94 Bank of Ireland
115.7
0.1
N17/N18 Gort-Tuam PPP (Ireland-Rep, 51.8), Dublin Waste to Energy Ltd (Ireland-Rep, 63.9)
95 Korea Development Bank
114.7
0.1
Aliaga Refinery (Turkey, 66.5), Adana Integrated Health Campus (Turkey, 48.2)
96 Westpac Banking
110.1
0.1
Angel Trains Ltd (United Kingdom, 110.1)
97 Raiffeisen Bank International
108.9
0.1
Gebeleisis Wind Farm (Romania, 46.4), Galati County Wind Farm (Romania, 46.5), Dundee Mining (Bulgaria, 16.0)
98 Bank of America Merrill Lynch
100.0
0.1
Petrobras Oil & Gas BV (Nigeria, 100.0)
99 Credit Suisse
97.9
0.1
Teekay Knarr FPSO (Norway, 83.9), Neoen SAS (France, 14.0)
100 DGZ-DekaBank
96.9
0.1
RIVM New Building (Netherlands, 96.9)
101 First Gulf Bank
93.8
0.1
Taweelah Aluminium Extrusion (Utd Arab Em, 23.3), Emirates Steel Plant (Utd Arab Em, 70.5)
=101 Union National Bank of UAE
93.8
0.1
Taweelah Aluminium Extrusion (Utd Arab Em, 23.3), Emirates Steel Plant (Utd Arab Em, 70.5)
103 La Banque Postale
92.3
0.1
Groupement Solaire Cestas (France, 92.3)
104 ASN Bank
88.9
0.1
Westermeerwind Wind Project (Netherlands, 88.9)
88.9
0.1
Westermeerwind Wind Project (Netherlands, 88.9)
87.2
0.1
Infinita Renovables SA (Spain, 58.8), Indaqua Santo Tirso Aguas (Portugal, 28.4)
107 Handelsbanken Capital Markets 86.8
0.1
TSME (Finland, 86.8)
108 DBS
86.4
0.1
Teekay Knarr FPSO (Norway, 64.0), Fujairah ENOC Vopak Oil (Utd Arab Em, 22.5)
109 Banque Marocaine du Comm
82.9
0.1
Agadir Water Desalination PPP (Morocco, 82.9)
110 Banco Portugues Iestimento
81.7
0.1
=104 Triodos Bank

Luxey Solarphoton (France, 6.5), Garein Solarphoton (France, 7.9), Claouziquet Centrale Solaire (France, 5.1), Thirdstep
Pipeline 2 (France, 33.7), Concesiones de Madrid SA (Spain, 28.7)
111 Allied Irish Banks
80.9
0.1
Dublin Waste to Energy Ltd (Ireland-Rep, 63.9), Zywiec Hospital (Poland, 17.0)
112 Al Hilal Islamic Bank
80.8
0.1
Emirates Steel Plant (Utd Arab Em, 80.8)
80.8
0.1
75.0
0.1
=114 Bank Commerce Al-Habib
75.0
0.1
=114 TC Ziraat Bankasi
75.0
0.1
Nyumba Ya Akiba SA (Dem Rep Congo, 75.0)
=114 Turkiye Vakiflar Bankasi
75.0
0.1
70.5
0.1
70.5
0.1
=112 Dubai Islamic Bank

114 AK Bank
118 Al Khaliji Commercial Bank

=118 Arab Bank
65

Lead manager
Volume (US$m)
120 Investec
No of deals Deals
66.7
0.1
North Sea Catcher Field FPSO (United Kingdom, 66.7)
=120 NIBC
66.7
0.1
Widnes Waste Wood (CHP) Plant (United Kingdom, 66.7)
=120 OCBC
66.7
0.1
North Sea Catcher Field FPSO (United Kingdom, 66.7)
60.3
0.1
Barcelona Sagrera Alta (Spain, 60.3)
=123 Caja de Ahorros y M Zaragoza
60.3
0.1
=123 Instituto Credito Casse
60.3
0.1
60.2
0.1
Gdansk Container Terminal 2 (Poland, 60.2)
60.2
0.1
Gdansk Container Terminal 2 (Poland, 60.2)
58.8
0.1
Infinita Renovables SA (Spain, 58.8)
58.8
0.1
Infinita Renovables SA (Spain, 58.8)
130 Societe Arabe Intle de Banque
57.2
0.1
Al Nouran Sugar Plant (Egypt, 57.2)
131 National Bank of Kuwait
56.8
0.1
New Gathering Center 16 (Kuwait, 56.8)
132 Bankinter
54.6
0.1
ADIF Parking Privatisation (Spain, 35.1), BAMSA Parking Privatisation (Spain, 19.4)
133 Alpha Bank
53.6
0.1
Korinthos IPP Refinancing (Greece, 53.6)
=133 EFG Group
53.6
0.1
=133 Piraeus Bank
53.6
0.1
53.1
0.1
Tea SpA (Italy, 43.2), Eolica Petralia Srl (Italy, 9.8)
=136 Bank of China
53.1
0.1
Mamba Cement Co (South Africa, 53.1)
138 Emirates NBD
48.3
0.1
Taweelah Aluminium Extrusion (Utd Arab Em, 23.3), Zora Gas Field (Utd Arab Em, 25.0)
139 Erste Group
47.3
0.1
Turceni Coal-Fired Plant (Romania, 27.8), Kula Wind Farm (Serbia, 19.5)
140 Ceska Statni Sporitelna
46.4
0.1
Moravia Gas Storage (Czech Republic, 46.4)
=140 HYPO NOE Gruppe Bank
46.4
0.1
Moravia Gas Storage (Czech Republic, 46.4)
142 Deutscher Sparkassen & Giro
43.7
0.1
Enerparc AG (Germany, 43.7)
143 Banco Popolare
43.2
0.1
Tea SpA (Italy, 43.2)
144 Nykredit
38.2
Copenhagen Airport Refinancing (Denmark, 38.2)
145 Development Bank of S. Africa
35.5
Itezhi Tezhi Hydro (Zambia, 35.5)
146 Gjensidige NOR Sparbank
34.6
Faroe Exploration (Norway, 34.6)
147 Sparkasse in Bremen
32.1
WPD Wind Farm Portfolio Sale (Germany, 32.1)
30.0
JSC Dariali Energy (Georgia, 30.0)
149 Banca Popolare Commercio Ind 29.6
Geothermie Villages Nature (France, 29.6)
150 Banco Mare Nostrum
29.5
Metro de Granada PPP (Spain, 29.5)
151 Banesco Banco Universal
28.7
Concesiones de Madrid SA (Spain, 28.7)
152 Barwa Bank
25.0
Zora Gas Field (Utd Arab Em, 25.0)
=152 Commercial Bank International
25.0
=152 Commercial Bank of Dubai
25.0
155 Banca Popolare Emilia Romagna 23.7
Avellino Parking e Servizi (Italy, 13.8), Eolica Petralia Srl (Italy, 9.8)
156 Gulf International Bank
22.5
Fujairah ENOC Vopak Oil (Utd Arab Em, 22.5)
157 Unicaja
19.4
BAMSA Parking Privatisation (Spain, 19.4)
158 ICCREA
17.2
Idroelettrica Hydropower Plant (Italy, 5.5), Vittoria Solar PV Power Plant (Italy, 11.7)
14.3
Neoen SAS (France, 14.3)
160 Banco di Napoli
13.4
Codroipo Waste-to-Energy PPP (Italy, 13.4)
161 European Arab Bank
11.9
Queen Alia Airport Terminal (Jordan, 11.9)
162 Dvlp Bk of Namibia
7.0
Solar IPP Namibia (Namibia, 7.0)
163 Banca di Carnia e Gemonese
5.5
Idroelettrica Hydropower Plant (Italy, 5.5)
=163 Banca Popolare dellAlto Adige
5.5
=163 Mediocredito del Trentino
5.5
123 Bankia
126 Bank Deopzytow-Kreditowy

=126 PZU SA
128 Liberbank
=128 Novacaixagalicia
136 Banca Popolare di Milano
148 Nederlandse Fin.-Maat.
Total*
95,087.1 100.0 274
66
2014 LEAGUE TABLES
EMEA LOANS BY COUNTRY

Nation
US$m
Nation
US$m
Austria
403.2 0.4 6
8,580.2 9.0 12
Denmark
297.3 0.3 1
6,835.7 7.2 61
Greece
277.2 0.3 3
Norway
5,896.9 6.2 11
Belgium
240.5 0.3 2
Netherlands
5,332.3 5.6 8
Jordan
234.8 0.3 7
Saudi Arabia
4,458.1
4.7
Ivory Coast
213.0
Russian Federation
4,373.4
4.6
Portugal
United Kingdom
16,537.9
Turkey
France
%
17.4
No of deals
40
No of deals
0.2
211.1 0.2 2
Sweden
4,195.8 4.4 2
South Africa
208.2
Germany
3,380.0 3.6 16
Azerbaijan
200.0 0.2 1
Italy
3,246.9 3.4 20
Kazakhstan
200.0 0.2 1
Finland
3,230.4 3.4 5
Cape Verde
160.0
Zambia
3,212.0 3.4 3
Uganda
160.0 0.2 1
Oman
3,101.0 3.3 3
Chad
140.0 0.2 1
United Arab Emirates
2,837.0
Czech Republic
139.3
Ghana
2,500.0 2.6 3
Namibia
137.0 0.1 2
Turkmenistan
2,494.2 2.6 2
Dem Rep of the Congo
135.0
Spain
2,421.0 2.6 11
Guernsey
133.2 0.1 1
Morocco
2,177.1 2.3 2
Bulgaria
125.0 0.1 1
Hungary
1,771.6 1.9 1
Georgia
80.0 0.1 1
Republic of Ireland
1,410.3
Kuwait
56.8 0.1 1
Nigeria
1,378.5 1.5 3
Croatia
55.5 0.1 1
Poland
718.5 0.8 5
Serbia
19.5 0 1
Egypt
618.1 0.7 3
Romania
553.7 0.6 5
3.0
1.5
Total
95,087.1
0.2
0.2
0.2
0.1
274
EMEA LOANS BY SECTOR

Sector
Volume (US$m)
Sector
Volume (US$m)
Power 27,441.3
PPP 5,796.7
Oil & Gas
19,938.7
Waste & Recycling
833.9
Water & Sewerage
360.7
Industry 8,123.3
Telecommunications 341.1
Mining 6,508.7
Total 95,087.1
NON RECOURSE PROJECT BONDS

Lead manager
Citigroup
No of deals
16
Volume (US$m)
4,350
Deals
SPP (Slovakia, Oil & Gas, 171), Tamar (Israel, Oil & Gas, 666), Midwest Fertiliser (USA, Petrochemicals, 625),
Fermaca (Mexico, Oil & Gas, 275), Downtown Crossing (USA, Infrastructure, 761), RJS Holdings (USA, Power, 312),
Oleoducto Central (Colombia, Oil & Gas, 250), NextEra Genesis Solar (USA, Power, 280), VitAg Florida
(USA, Petrochemicals, 64), Broken Bow (USA, Power, 72), NRG Yield (USA, Power, 125), E.CL (Chile, Power, 70),
GNL Qunitero (Chile, Oil & Gas, 183), Net4Gas (Czech Republic, Oil & Gas, 90), AES Gener (Chile, Power, 266),
Melbourne Airport (Australia, Infrastructure, 140)
2
JP Morgan
14
3,074
Sydney Airport (Australia, Infrastructure, 316), Tullow Oil (UK, Oil & Gas, 130), Enquest (UK, Oil & Gas, 108),
Tamar (Israel, Oil & Gas, 666), All Aboard Florida (USA, Infrastructure, 202), Sabine Pass (USA, Oil & Gas, 166),
Gatwick Airport (UK, Infrastructure, 149), RJS Holdings (USA, Power, 312), GNL Qunitero (Chile, Oil & Gas, 183),
AES Gener (Chile, Power, 266), North West Redwater (Canada, Oil & Gas, 166), Melbourne Airport (Australia,
Infrastructure, 140), Brisbane Airport (Australia, Infrastructure, 125), AES US Generation (USA, Power, 145)
3
Credit Agricole
18
2,981
Redexis (Spain, Oil & Gas, 296), Copenhagen Airport (Denmark, Infrastructure, 124), Sydney Airport (Australia,
Infrastructure, 316), M8 (UK, Infrastructure, 298), Sabine Pass (USA, Oil & Gas, 166), Gatwick Airport (UK,
Infrastructure, 149), Hamakua (US, Power, 76), Abengoa Greenfield (USA, Power, 50), E.CL (Chile, Power, 70),
2i Rete Gas (Italy, Oil & Gas, 270), 2i Rete Gas (Italy, Oil & Gas, 108), A7 (Germany, Infrastructure, 280), HIT (France,
Infrastructure, 110), Transurban (Australia, Infrastructure, 180), Vinci Park (France, Infrastructure, 190), AVR
(Netherlands, Infrastructure, 120), Net4Gas (Czech Republic, 78), El Paso Pipelines (USA, Oil & Gas, 100)
4
BNP Paribas
17
2,965
Sydney Airport (Australia, Infrastructure, 316), Abengoa Transmission Sur (Peru, Power, 205), Tullow Oil (UK, Oil
& Gas, 130), Enquest (UK, Oil & Gas, 108), Ithaca Energy (UK, Oil & Gas, 75), TNB Manjung Five (Malaysia, Power,
550), MAG2 (UK, Infrastructure, 87), Odebrecht Offshore (Brazil, Oil & Gas, 193), Reventazon (Costa Rica, Power,
135), 2i Rete Gas (Italy, Oil & Gas, 270), 2i Rete Gas (Italy, Oil & Gas, 108), HIT (France, Infrastructure, 110), Vinci
Park (France, Infrastructure, 190), AVR (Netherlands, Infrastructure, 120), Net4Gas (Czech Republic, Oil & Gas, 78),
Kosmos (Ghana, Oil & Gas, 150), Melbourne Airport (Australia, Infrastructure, 140)
5
Royal Bank of Canada
14
2,655
APRR (France, Infrastructure, 137), Copenhagen Airport (Denmark, Infrastructure, 124), Ithaca Energy (UK, Oil &
Gas, 75), Southern Star Central (USA, Oil & Gas, 405), Sabine Pass (USA, Oil & Gas, 166), NextEra Trillium (Canada,
67
NON RECOURSE PROJECT BONDS CONTINUED

Lead manager
No of deals
Volume (US$m)
Deals
Power, 74), Southern Lights pipeline (USA, Oil & Gas, 466), NRG Yield (USA, Power, 125), AVR (Netherlands,
Infrastructure, 120), El Paso Pipelines (USA, Oil & Gas, 100), APRR (France, Infrastructure, 333), Lone Star
Transmission (USA, Power, 210), North West Redwater (Canada, Oil & Gas, 166), AWPR (UK, Infrastructure, 154)
6
HSBC
13
2,934
M8 (UK, Infrastructure, 298), Sao Paolo Guarulhos Airport (Brazil, Infrastructure, 44), Abengoa Transmission
Sur (Peru, Power, 205), Mersey Gateway (UK, Infrastructure, 437), Tamar (Israel, Oil & Gas, 666), Odebrecht
Offshore (Brazil, Oil & Gas, 193), Santo Antonio Energia, (Brazil, Power, 106), Sabine Pass (USA, Oil & Gas, 166),
Oleoducto Central (Colombia, Oil & Gas, 250), Abengoa Greenfield (USA, Power, 50), E.CL (Chile, Power, 70),
GNL Qunitero (Chile, Oil & Gas, 183), AES Gener (Chile, Power, 266)
7
Societe Generale
11
2,225
SPP (Slovakia, Oil & Gas, 171), APRR (France, Infrastructure, 137), Sabine Pass (USA, Oil & Gas, 166),
Southern Lights pipeline (USA, Oil & Gas, 466), Abengoa Greenfield (USA, Power, 50), A7 (Germany, Infrastructure,
280), HIT (France, Infrastructure, 110), El Paso Pipelines (USA, Oil & Gas, 100), Net4Gas (Czech Republic, Oil & Gas,
90), APRR (France, Infrastructure, 333), Wind Energy Transmission Texas (USA, Power, 322)
8
Goldman Sachs
2,100
Conmex (Mexico, Infrastructure, 1100), Enquest (UK, Oil & Gas, 108), RJS Holdings (USA, Power, 312), NRG Yield
(USA, Power, 125), Rutas de Lima (Peru, Infrastructure, 173), Transurban (Australia, Infrastructure, 180),

9
Unicredit
1,869
ContourGlobal (Peru, Power, 102)

Portoflio securitisation (Italy, Power, 1242), SPP (Slovakia, Oil & Gas, 171), 2i Rete Gas (Italy, Oil & Gas, 270), 2i Rete
Gas (Italy, Oil & Gas, 108), Net4Gas (Czech Republic, 78)
10
BTMU
1,778
Copenhagen Airport (Denmark, Infrastructure, 124), Sabine Pass (USA, Oil & Gas, 166), Southern Lights pipeline
(USA, Oil & Gas, 466), SBM Panuke (Canada, Oil & Gas, 112), El Paso Pipelines (USA, Oil & Gas, 100), Lone Star
Transmission (USA, Power, 210), APM Terminals (USA, Infrastructure, 450), Brookfield Rail (Australia,

Infrastructure, 150)
11
A11 (Belgium, Infrastructure, 790), Tullow Oil (UK, Oil & Gas, 130), Ithaca Energy (UK, Oil & Gas, 75), Fermaca
Deutsche
1,560
(Mexico, Oil & Gas, 275), Empresas ICA (Mexico, Infrastructure, 290)
12
Royal Bank of Scotland
10
1520
SPP (Slovakia, Oil & Gas, 171), Redexis (Spain, Oil & Gas, 296), Porterbrook (UK, Infrastructure, 142), MAG2 (UK,
Infrastructure, 87), MAG (UK, Infrastructure, 112), Gatwick Airport (UK, Infrastructure, 149), Transurban (Australia,

Infrastructure, 180), Vinci P

ark (France, Infrastructure, 190), Net4Gas (Czech Republic, 78), Exeter University (UK,
Social infrastructure, 115)
13
Tullow Oil (UK, Oil & Gas, 130), Enquest (UK, Oil & Gas, 108), MAG (UK, Infrastructure, 112), Renewable Energy
Bank of America
13
1,498
Group (USA, Petrochemicals, 62), Abengoa Greenfield (USA, Power, 50), NRG Yield (USA, Power, 125), E.CL (Chile,
Power, 70), GNL Qunitero (Chile, Oil & Gas, 183), 2i Rete Gas (Italy, Oil & Gas, 270), 2i Rete Gas (Italy, Oil & Gas,
108), Net4Gas (Czech Republic, 78), El Paso Pipelines (USA, Oil & Gas, 100), ContourGlobal (Peru, Power, 102)
14
Scotia
10
1,352
Enquest (UK, Oil & Gas, 108), Sabine Pass (USA, Oil & Gas, 166), NextEra Trillium (Canada, Power, 74), BC Womens
hospital (Canada, Social infrastructure, 165), InPower BC, (Canada, Power, 140), Tandem Health Partners (Canada,
Social Infrastruture, 115), El Paso Pipelines (USA, Oil & Gas, 100), Wind Energy Transmission Texas (USA, Power,
322), Sunshine Oilsands (Canada, Oil & Gas, 162)
15
Santander
1,235
APRR (France, Infrastructure, 137), Odebrecht Offshore (Brazil, Oil & Gas, 193), Gatwick Airport (UK, Infrastructure,
149), Abengoa Greenfield (USA, Power, 50), GNL Qunitero (Chile, Oil & Gas, 183), Vinci Park (France, Infrastructure,

190), APRR (France, Infrastructure, 333)
16
CIMB
1,136
TNB Manjung Five (Malaysia, Power, 550), Senai-Desaru Expressway (Malaysia, Infrastructure, 586)
17
Barclays
1,032
Tullow Oil (UK, Oil & Gas, 130), Enquest (UK, Oil & Gas, 108), Ithaca Energy (UK, Oil & Gas, 75), MAG (UK,
Infrastructure, 112), HIT (France, Infrastructure, 110), Net4Gas (Czech Republic, 78), Kosmos (Ghana, Oil & Gas, 150),
AWPR (UK, Infrastructure, 154), Exeter University (UK, Social infrastructure, 115)
18
Morgan Stanley
1,022
All Aboard Florida (USA, Infrastructure, 202), Sabine Pass (USA, Oil & Gas, 166), RJS Holdings (USA, Power, 312),
Transurban (Australia, Infrastructure, 180), Sunshine Oilsands (Canada, Oil & Gas, 162)
19
SMBC
1,006
Sabine Pass (USA, Oil & Gas, 100), Sabine Pass (USA, Oil & Gas, 66), EPM (Chile, Power, 500), Vinci Park (France,
Infrastructure, 190), Brookfield Rail (Australia, Infrastructure, 150)

20
CIBC
881
Grandlinq (Canada, Infrastructure, 413), NextEra Trillium (Canada, Power, 74), Northland Power (Canada, Power,
116), SBM Panuke (Canada, Oil & Gas, 112), North West Redwater (Canada, Oil & Gas, 166)
21
BBVA
727
GNL Qunitero (Chile, Oil & Gas, 183), Autopistas de Nuevo Leon (Mexico, Infrastructure, 181), Rutas de Lima (Peru,
Infrastructure, 173), Vinci Park (France, Infrastructure, 190)

22
Pareto Securities
725
Oro Negro (Mexico, Oil & Gas, 725)
23
Guggenheim Securities
625
Midwest Fertiliser (USA, Petrochemicals, 625)
24
Natixis
598
SBM Panuke (Canada, Oil & Gas, 112), Abengoa Greenfield (USA, Power, 50), HIT (France, Infrastructure, 110),
Axione (France, Telecoms, 225), Antin Solar (Italy, Power, 101)

25
Banca IMI
544
Sabine Pass (USA, Oil & Gas, 166), 2i Rete Gas (Italy, Oil & Gas, 270), 2i Rete Gas (Italy, Oil & Gas, 108)
26
Lloyds
526
North Tyne (UK, Social infrastructure, 131), Porterbrook (UK, Infrastructure, 142), MAG2 (UK, Infrastructure, 87),
Sabine Pass (USA, Oil & Gas, 166)
27
CBA
470
APRR (France, Infrastructure, 137), APRR (France, Infrastructure, 333)
28
National Bank Financial
450
Borealis (Canada, Power, 195), InPower BC, (Canada, Power, 140), Tandem Health Partners (Canada, Social
Infrastruture, 115)
29
Perth Airport (Australia, Infrastructure, 180), MAG2 (UK, Infrastructure, 87), Brisbane Airport (Australia,
NAB
392
68
2014 LEAGUE TABLES
NON RECOURSE PROJECT BONDS CONTINUED

Lead manager
30
Mediobanca
No of deals
2
Volume (US$m)
378
Deals
2i Rete Gas (Italy, Oil & Gas, 270), 2i Rete Gas (Italy, Oil & Gas, 108)
31
Aviva Investors
336
Stoke social housing (UK, Social infrastructure, 100), Wick school (UK, Social infrastructure, 74),
Levenmouth school (UK, Social infrastructure, 59), Hull social housing (UK, Social infrastructure, 103)
32
Credit Suisse
335
Nant de Drance (Switzerland, Power, 169), Sabine Pass (USA, Oil & Gas, 166)
33
CM-CIC
333
APRR (France, Infrastructure, 333)
34
Mizuho
316
Sabine Pass (USA, Oil & Gas, 166), Brookfield Rail (Australia, Infrastructure, 150)
35
ING
290
Copenhagen Airport (Denmark, Infrastructure, 124), Sabine Pass (USA, Oil & Gas, 166)
36
BTG Pactual
282
Triunfo (Brazil, Infrastructure, 106), Santo Antonio Energia, (Brazil, Power, 106), E.CL (Chile, Power, 70)
37
Bradesco
221
Sao Paolo Guarulhos Airport (Brazil, Infrastructure, 44), AES Tiete (Brazil, Power, 66), Autoban (Brazil,
38
AllianzGI
200
DBFO2 (UK, Infrastructure, 200)
39
Sun Life Assurance
195
Borealis (Canada, Power, 195)
40
DNB
188
Gaslog (Norway, Oil & Gas, 27), Arise (Sweden, Power, 161)
41
Afirme
181
Autopistas de Nuevo Leon (Mexico, Infrastructure, 181)
42
Westpac
180
Perth Airport (Australia, Infrastructure, 180)
43
Credicorp Capital
173
Rutas de Lima (Peru, Infrastructure, 173)
44
UBS
169
Nant de Drance (Switzerland, Power, 169)
45
Erste
168
Net4Gas (Czech Republic, 78), Net4Gas (Czech Republic, Oil & Gas, 90)
46
Standard Chartered
166
Sabine Pass (USA, Oil & Gas, 166)
47
Rabobank
158
Rijnstraat 8 (Netherlands, Social Infrastructure, 158)
48
Banco do Brasil
155
Sao Paolo Guarulhos Airport (Brazil, Infrastructure, 44), Autoban (Brazil, Infrastructure, 111)
49
SEB
151
Gaslog (Norway, Oil & Gas, 27), Copenhagen Airport (Denmark, Infrastructure, 124)
50
Sun Trust
145
AES US Generation (USA, Power, 145)
51
Credit Mutuel CIC
137
APRR (France, Infrastructure, 137)
52
Nykredit
124
Copenhagen Airport (Denmark, Infrastructure, 124)
53
ANZ
117
Auckland Airport (New Zealand, Infrastructure, 117)
54
ABN AMRO
112
SBM Panuke (Canada, Oil & Gas, 112)
55
KLP
110
Jesseheim school (Norway, Social infrastructure, 110)
56
Canada Life
107
Okanagan courts (Canada, Social infrastructure, 107)
57
Espirito Santo
106
Santo Antonio Energia, (Brazil, Power, 106)
58
IDCM
92
Primrose Solar (UK, Power, 92)
59
KBC
90
Net4Gas (Czech Republic, Oil & Gas, 90)
60
Toronto Dominion
74
NextEra Trillium (Canada, Power, 74)
61
Itau
66
AES Tiete (Brazil, Power, 66)
62
Wells Fargo
62
Renewable Energy Group (USA, Petrochemicals, 62)
63
Manulife
48
Mighty solar (Canada, Power, 48)
64
JCI Capital
34
TerniEnergia (Italy, Power, 34)
65
Oppenheimer & Co
28
Cacao JEP (Jamaica, Power, 28)
66
First Global Financial Services
28
Cacao JEP (Jamaica, Power, 28)
67
Nordea
27
Gaslog (Norway, Oil & Gas, 27)
68
UmweltBank
20
Enerparc (Germany, Power, 20)
Total
50,332
69
BONDS BY COUNTRY
Sector
BONDS BY SECTOR
Volume (US$m)
Sector
Volume (US$m)
USA 12,306
Oil & Gas
UK 4,862
Infrastructure 18,097
18,155
France 4,265
Power 10,950
Italy 3,645
Social infrastructure
Canada 3,315
Petrochemicals 1,438
Australia 3,148
Telecoms 225
Mexico 3,027
Total
1,467
50,332
Chile 2,746
Israel 1,998
Malaysia 1,686
Brazil 1,489
Peru 1,233
Czech Republic
906
Belgium 790
Denmark 744
Slovakia 684
Spain 592
Germany 580
Netherlands 518
Colombia 500
Switzerland 338
Ghana 300
Norway 191
Sweden 161
Costa Rica
135
New Zealand
117
Jamaica 56
Total
50,332
MULTILATERAL DEVELOPING COUNTRY PROJECT FINANCE DEALS

Country
Summit Power
Bangladesh
318
190
100
DEG, FMO and other bank loans
Enel Green Power
Brazil
200
200
IFC loan
Sao Paulo highway expansion
Brazil
686
480
IADB loan
Green Line Finance Partnership
Brazil
115
75
IADB loan
Dundee mining
Bulgaria
125
20
EBRD loan
Atamaca solar park
Chile
67
47
32
DEG US$18m loan and IFC US$14m loan
PV Salvador
Chile
155
155
OPIC loan
Crucero solar PV
Chile
153
100
IADB and OPIC loans
Luz del Norte solar
Chile
366
290
290
OPIC and IFC loans
Kelar CCGT
Chile
600
477
356
Kexim loan and guarantee
Maria Elena Solar
Chile
190
115
BEWG
China
408
120
ADB loan
Los Molinos
Colombia
12
12
IADB loan
Rudine wind farm
Croatia
52
23
IFC loan
AES Los Mina expansion
Dominican Rep
260
75
IFC loan
Improved Petroleum Recovery (IPR)
Egypt
100
50
EBRD loan
Dariali hydro
Georgia
80
70
EBRD US$40m A loan and FMOUS$30 B loan
Cenpower Kpone IPP
Ghana
651
163
Aurora gold
Guyana
185
79
IFC loan
Cerro de Hula wind farm expansion
Honduras
82
82
MIGA investment guarantee
San Marcos 50MW wind
Honduras
128
128
DEG, FMO, Proparco, OFID/OPEC and ICCF (EIB)
Sunedison 81.7MW solar Choluteca
Honduras
146
146
IFC, CABEI and OFID loans
Szoreg gas storage refi
Hungary
437
138
EBRD loan
ACME Jajasthan solar
India
100
34
Jath wind
India
DJ Energy and Uttar Urja Projects
India
PAU Fertiliser
Indonesia
509
95
Sarulla geothermal
Indonesia
1,170
822
Rantau Dedap geothermal
Indonesia
50
50
DSLNG
Indonesia
1,526
1,526
70
Cost
IDFI
Project
125
133
194
1,600
Debt involvement Details
OPIC and IADB loans
FMO, DEG, OFID and EAIF and DBSA loans
16
16
IFC loan
150
50
IFC loan
IFC loan
JBIC US$492m loan and ADB US$330m loan
ADB loan
JBIC US$763m loan, Kexim US$382m loan and US$190m cover and US$191 Nexui cover
2014 LEAGUE TABLES
MULTILATERAL DEVELOPING COUNTRY PROJECT FINANCE DEALS CONTINUED

Cost
IDFI
Project
Country
Indonesia Infrastructure Finance
Indonesia
250
53
IFC loan
Rjamandala Electric Power
Indonesia
110
66
JBIC loan
BMR wind farm
Jamaica
90
90
IFC US$20m loan and OPIC US$70m loan
Solar portfolio seven projects
Jordan
208
92
IFC loan
SunEdison 20MW solar
Jordan
50
50
EBRD and OPIC loans
Queen Alia Airport Expansion
Jordan
150
94
55
IFC and ISDB loans
Lake Turkana
Kenya
736
549
549
AFDB, EIB, EKF, Proparco, FMO, ICCF, DEG and EADB involved
Nam Ngiep 1
Laos
643
250
JBIC US$200m loan and ADB US$50m loan
Tres Mesas wind
Mexico
186
186
OPIC loan
Ventika I and II
Mexico
650
490
240
NADB and Bancomext loans
Safi IPP
Morocco
2,100
1,470
Azura IPP
Nigeria
890
631
80
ORPIC expansion
Oman
2,900
900
Penonome II and III wind farms
Panama
427
300
96
Cobra Peru wind farms
Peru
335
149
149
IADB and US Exim loans
San Gabriel power plant
Philippines
265
265
KfW-IPEX loan with Hermes cover
Orla wind farm
Poland
89
31
31
Gdansk port expansion
Poland
357
38
EBRD loan
Zywiec hospital
Poland
53
27
12
EBRD loan
Crucea North wind
Romania
280
174
136
EDP solar parks
Romania
41
27
EBRD loan
Topolog-Dorobantu Wind Farm
Romania
68
45
EBRD loan
Gigawatt solar
Rwanda
20
15
FMO loan
Maaden phosphate
Saudi Arabia
7,500
5,250
1,175
Marubeni co-gen
Saudi Arabia
529
160
US Ex-Im loan
Asyaport
Turkey
390
274
167
EBRD US$92m loan and IFC US$75m loan
Kirikkale IPP
Turkey
670
460
Star Rafineri
Turkey
5,500
3,290
2,091
Adana hospital
Turkey
640
511
320
Adana hospital equity
Turkey
640
168
168
MIGA political cover on Meridiam equity
Dalaman Regional Airport
Turkey
450
214
107
EBRD loan
Odessa port grain terminal
Ukraine
104
60
60
EBRD loan
Cadonal 50MW wind farm
Uruguay
150
90
90
CAF loan
Itezhi-Tezhi hydro
Zambia
215
142
142
AfDB, FMO, Proparco and DBSA loans
147
JBIC US$900m loan, US$500m Nexi cover and US$70m IsDB loan
IFC loan
Kexim, K-Sure and Sace loans
IFC US$80m senior loan and US$16m subordinated loan
EBRD loan
EBRD and EKF loans
Kexim US$600m loan and US$175m cover, and K-sure US$400m cover
EBRD, IFC, KDB and Kexim loans

US Exim and JBIC loans; K-Sure, Nexi, Sace and Cesce cover
EBRD, IFC, Proparco, DEG, KDC
Total 29,616 15,430
71
MULTILATERAL EXPOSURE BY DEVELOPING COUNTRY
MULTILATERAL DEVELOPING COUNTRY EXPOSURES

IDFI
Direct lending
1 JBIC/Nexi/DBJ
2,712
2 KEXIM/KEIC/Ksure/KDB
1,654
Guarantees Exposure
886
1,890
3 IFC/MIGA/Clean Tech Fund/ICF
1,350
4 EBRD
1,090
5 Sace
275
150
750
Total
Country
Debt
IDFI provision
3,598
5,795
1 Turkey
5,127
3,313
3,544
8,495
2 Indonesia
3,615
2,612
1,470
1,625
3,769
3 Morocco
2,100
1,090
2,276
4 Saudi Arabia
5,779
900
967
5 Chile
1,312
1,048
900
1,335
6 IADB
783
783
1,107
6 Oman
2,900
7 OPIC
749
749
799
7 Brazil
1,001
755
8 US Ex-Im
565
565
2,367
8 Kenya
549
549
9 Asian Development Bank
550
550
1,057
9 Mexico
676
426
10 KfW/Hermes/DEG/UFK
449
449
657
10 Honduras
356
356
11 FMO
258
258
530
11 Philippines
265
265
12 Laos
643
250
13 Romania
283
208
12 Eksport Kredit Fonden (EKF)
68
118
186
205
13 African Dev Bank/BDEAC/African EXIM
172
172
172
14 NADB
140
140
286
14 Jordan
352
197
15 Coface/Proparco/AFD
138
138
160
15 Ghana
651
163
16 EIB
137
137
137
16 Peru
149
149
17 Bancomext
100
100
204
17 Zambia
142
142
18 Islamic Development Bank (ISDB)
95
95
143
18 Hungary
437
138
19 CAF
90
90
90
19 China
408
120
20 DBSA
88
88
88
20 India
266
100
21 OFID
47
47
78
21 Bangldesh
190
100
22 ICCF
47
47
47
22 Panama
300
96
23 Cabei
45
45
45
23 Jamaica
90
90
24 EAIF
22
22
130
24 Uruguay
90
90
25 EADB
12
12
12
25 Poland
415
81
3,919 15,430 29,616
26 Nigeria
631
80
27 Guyana
185
79
28 Dom Rep
260
Total
11,511
29 Georgia
75
80
70
30 Ukraine
60
60
31 Egypt
100
50
32 Croatia
52
23
33 Bulgaria
125
20
34 Colombia
12
12
35 Rwanda
15
Total
29,616
15,430
MULTILATERAL DEVELOPED PROJECT FINANCE DEALS

Cost
IDFI
Project
Country
Jabiru-1 satellite
Australia
390
390
Roy Hill iron ore project
Australia
7,800
4,435
US Ex-Im US$300m loan and Coface US$90m loan

US$2085m direct ECA tranche (JBIC, Kexim, US Exim) and US$2350m covered
tranche (Nexi, Kexim, Ksure)

Mitsui Iron Ore
Australia
Windlandkraft
Austria
211 105 105 EIB loan
Zwettl bypass PPP
Austria
99
72
36
A11 PPP
Belgium
783
196
Bond financing (EIB)
UKSH PPP
Germany
640
123
EIB 100m loan
A7 PPP
Germany
733
113
EIB took 90m bond
Attica schools PPP
Greece
79
53
26
EIB loan
N17/N18 road PPP
Ireland
448
194
EIB loan
TEM ring road
Italy
1,675
663
EIB loan to state-owned CDP
A9 PPP
Netherlands
677
252
Gemini offshore wind
Netherlands
2,719
2,063
3,806
376
263
JBIC loan
EIB loan
EIB loan
EIB provided total loans of US$798m; EKF (US$544m), Hermes (US$476m) and
Delcredere-Ducroire (US$245m) covered various tranches
Gate terminal expansion
Netherlands
94
47
EIB loan
Noordoostpolder onshore wind
Netherlands
488
349
EIB US$209m loan and KfW US$140m loan
Teekay Knarr
Norway
815
735
Kexim, K-Sure, GIEK covers
Hoegh FPSU
Norway
412
80
Fortnum CHP
Sweden
680
354
354
EIB provided loan
M8
UK
585
292
EIB took half the debt
North York waste
UK
392
235
EIB loan
Intercity Express Programme 2
UK
3,700
2,070
72
Eksportkreditt loan
EIB US$419m tranche; JBIC US$1400m tranche; and Nexi US$251m covered tranche
2014 LEAGUE TABLES
MULTILATERAL DEVELOPED PROJECT FINANCE DEALS CONTINUED

Cost
IDFI
Project
Country
Westermost offshore wind
UK
600
280
JBIC loan
AWPR
UK
908
818
424
EIB loan
Petra Niva Carbon Capture
US
1,000
250
125
JBIC loan
Cameron LNG
US
10,000
7,400
4,500
JBIC US$2500m loan and Nexi US$2000m guarantee
Freeport LNG train 1
US
3,850
3,750
US$2600m JBIC loan and US$1150m Nexi cover
Total 36,229 22,100
MULTILATERAL DEVELOPED COUNTRY EXPOSURES

IDFI
Direct lending
MULTILATERAL EXPOSURE BY DEVELOPED COUNTRY
Guarantees Exposure
1 Nexi/JBIC/DBJ
8,068
4,101
2 EIB
4,486
3 Kexim/K-sure
704
4 US EXIM
935
2111
Total
Country
Debt
IDFI provision
12,169
18,241
1 US
11,500
8,375
4,486
9,546
2 Australia
8,566
5,088
2,815
4,550
3 UK
6,095
3,301
935
1,418
4 Netherlands
3,978
2,711
5 Eksport Kredit Fonden (EKF)
544
544
704
5 Norway
1,227
815
6 Euler Hermes
476
476
616
6 Italy
1,675
663
7 Delcredere-Ducroire/ONDD
245
245
323
7 Sweden
354
354
140
140
196
8 Germany
1,373
236
120
133
9 Belgium
783
196
90
90
10 Ireland
448
194
80
412
11 Austria
177
141
22,100
36,229
12 Greece
53
8 KfW/DEG
9 GIEK
10 Coface
90
11 Eksportkreditt
Total
120
80
14,503
7,597
Total
GLOBAL ADVISORY MANDATES WON IN 2014

36,229
26
22,100
GLOBAL ADVISORIES CLOSED IN 2014
Total Overall
Advisor
Volume (US$m)
1 Ernst & Young
19
65
13
97
371
1 Macquarie
23,667
2 PwC
16
33
31
80
194
2 BNP Paribas
19,538
3 KPMG
23
32
32
3 HSBC
17,052
4 HSBC
13
20
46
4 Royal Bank of Scotland
14,700
5 BNP Paribas
13
19
36
5 PwC
10,933
6 Credit Agricole
11
18
41
6 KPMG
7,441
7 SMBC
15
18
38
7 NAB
7,200
8 Green Giraffe Energy Bankers
13
14
19
8 Societe Generale
6,460
9 SBI Capital
13
64
9 Ernst & Young
4,743
10 Taylor DeJongh
11
13
26
10 SBI Capital
4,418
11 Societe Generale
12
22
11 Greengate
4,374
12 BTMU
11
24
12 Unicredit
4,080
13 TASC
13
3,839
14 Greengate
17
14 Credit Agricole
3,504
15 Natixis
15 Mizuho
2,480
16 International Advisory & Finance
16 SMBC
2,228
17 DBS
17 BTMU
2,052
18 ING
18 Rothschild
1,680
18 Unicredit
19 Deutsche
1,423
156
138
20 Plenary
1,240
Total
96 390(478)
21 Corficolombia
1,200
Key
22 Natixis
1,061
1 - Privately owned sponsors
23 Royal Bank of Canada
2 - Government or government owned sponsors
24 Taylor DeJongh
841
3 Bidders in a competition
25 Verus Partners
529
924
26 Synergy Consulting
210
27 Eaglestone
200
28 Standard Bank
150
29 Pan American Finance
100
73
AMERICAS ADVISORY MANDATES WON IN 2014

ASIA PACIFIC ADVISORY MANDATES WON IN 2014
3 Total Overall
13
22
41
72
1 Ernst & Young
33
35
71
2 PwC
16
29
2 PwC
16
29
3 KPMG
12
14
14
3 SMBC
12
15
34
4 BNP Paribas
10
4 SBI Capital
13
64
5 Taylor DeJongh
11
5 BTMU
16
6 Societe Generale
6 International Advisory & Finance
7 Greengate
7 HSBC
10
8 HSBC
8 DBS
9 Natixis
9 KPMG
10 SMBC
10 BNP Paribas
11 Credit Agricole
11 Credit Agricole
12 BTMU
12 Societe Generale
12 ING
12 Taylor DeJongh
14 Greengate
39
46
44
57
14
1 Ernst & Young
Total
20 105(124)
Total
Key
Key
EMEA ADVISORY MANDATES WON IN 2014

1 PwC
3 Total Overall
10
15
23
48
136
10
21
228
3 Credit Agricole
10
15
33
13
14
17
14
14
6 HSBC
11
31
7 TASC
13
8 Taylor DeJongh
13
9 Societe Generale
11
10 BNP Paribas
13
11 Natixis
12 Greengate
13 Unicredit
14 ING
15 BTMU
16 SMBC
Total
73
35
2 Ernst & Young
5 KPMG
60 168(248)
Key
74
3 Total Overall
115(109)
2014 LEAGUE TABLES
AMERICAS ADVISORY MANDATES CLOSED IN 2014
ASIA PACIFIC ADVISORY MANDATES CLOSED IN 2014
No of Volume
No of Volume
deals (US$m) Deals
deals (US$m) Deals
1 RBS
11,760
Cameron LNG (1, 7765), Sasol (1, 3995)
2 Macquarie
11,200
Freeport LNG (1, 10935), Sunedison (1, 265)
refi (1, 688), Queensland Motorways (2, 6617),
3 KPMG
5,144
I-4 (2, 1539), I-69 (2, 284), SH 130 (2, 1378), SH 138
Boryeong LNG (1, 1117), Pilbara transmission
(2, 847), Credit Valley hospital (2, 91), US 36/I-25
(1, 161), Udupi IPP (1, 326)
(2, 155), SH 183 (2, 850)
2 BNP Paribas
3A (3, 1200), Nam Niep 1 (1, 980), Roy Hill
4 Ernst & Young
John Hart (2, 239), ErinOak (2, 143), North Island
(1, 7200)
hospital (2, 215), BC Hospital (2, 181), Supergas
3 NAB
7,200
Roy Hill (1, 7200)
(3, 104), SH 183 (2, 850)
4 PwC
10
6,675
Katsushima accommodation (3, 44),
5 BNP Paribas
1,634
GRU Airport (1, 134), Porto Sudeste (1, 1500)
East West Link (2, 2750), Peninsula Link refi
6 HSBC
1,480
Odebrecht Offshore (1, 580), CSP bridge (1, 900)
(2, 668), Victoria desal refi (2, 741), Queensland
7 Societe Generale
1,432
1-4 (3, 1432)
rolling stock (2, 1610), Perth Stadium (2, 341),
8 Corficolombia
1,200
Aguaclara-Rio de Oro highway (1, 1200)
Northern Beaches hospital (2, 176), University of
9 Taylor DeJongh
841
Grand Parkway (2, 841)
Wollongong accommodation (2, 178), Orissa
10 BTMU
665
APM Terminals (1, 450), US car park (1, 215)
highways (2, 128), Betul windfarm (1, 39)
11 Natixis
475
Kelar (1, 475)
5 SBI Capital
Indore Gurajat Tollways (1, 210), Jalandhar
12 Standard Bank
150
Viracopos Airport (1, 150)
Amritsar Tollways (1, 35), Simphapuri phase 2
13 PwC
148
Mexibus II (1, 33), Okanagan Correctional Center
(1, 23), Kumarapalayam Tollways (1, 50), Trichy
(2, 115),
Tolloways (1, 82), Navkar Terminals (1, 43), Essel
14 Pan American Finance
100 UEP Penomone (1, 100)
Jabalpur (1, 19), Welpsun Renewable (1, 105),
Uttam Galva Metallics (1, 405), HPCL Mittal
Key
Enmergy (1, 993), Shiv Vani Oil & Gas (1, 570),
ONGC Tripura (1, 497), Bajaj Energy (1, 33),
Soma Isolux Tollways (1, 596), Alex Astral solar
(1, 20), Prayagrai Power (1, 115), Kanpuir Fertilisers
(1, 172), Petronet 3 (1, 370), HPCL Biofuels (1, 80)
6 SMBC
Petronet 4 (1, 188), Measat (1, 350), Semangka
1,732
1 Macquarie
19
10,519
9,380
4,418
2,228
Queensland rolling stock (3, 1610), Peninsula Link
hydro (1, 190), DS LNG (1, 1500)
7 Ernst & Young
Ravenhall (2, 197), Melbourne University
1,683
accommodation (2, 70), Victoria schools refi
(2, 176), Northwest Link (2, 1240)
8 Mizuho
1,280
Rajamandala hydro (1, 110), Sarulla (1, 1170)
9 Plenary
1,240
Northwest Link (2, 1240)
10 BTMU
1,110
Victoria schools (3, 210), Transmission Gully
(3, 900)
11 Societe Generale
845
Singapore LNG refi (1, 845)
12 Natixis
350
Measat (1, 350)
13 HSBC
188
TTM (1, 188)
Key
75
EMEA ADVISORY MANDATES CLOSED IN 2014

No of
deals (US$m) Deals
Volume
1 HSBC
15,384
2 BNP Paribas
8,524
3 Greengate
4,374
Star Refinery (1, 3200), Cenpower (1, 645), Aramco cogen (1, 529)
4 Societe Generale
4,183
Slovak Gas (1, 2136), N17/N18 (3, 455), A7 (3, 989), Grande Arche (3, 241), DCT Gdansk (1, 362)
18
4,110
Agadir desal (2, 83), Lille University (2, 67), Metz University (2, 41), A12 (2, 75), A9 (2, 690), B30 (2, 28), RIVM (2, 200), Rijnstraat 8 (2, 360),
5 PwC
Mirfa (2, 1200), Safi (2, 2080), Aramco cogen (2, 529), M8 (3, 525), IEP2 (3, 2950), Maaden (1, 5250), Sohar refinery refi (1, 2850)
Emirates Steel (1, 1300), Line 4 (1, 2160), AVR (1, 480), Vinci Park (1, 1464), Net4Gas refi (1, 1320), Fortum (3, 1800)
Bypass Zwetti (1, 73), Zagreb Airport (3, 240), Cracow University (3, 23), Kiel Hospital (3, 666), Bangor University accommodation (2, 42),
Henley hospital (2, 20), M8 (2, 525), Kilmarnock college (2, 65), Poolbeg (3,642), Thanet OFTO (3, 270)
6 Unicredit
4,080
Georges Besse II (1, 880), Star Refinarie (1, 3200)
7 Credit Agricole
3,504
Vinci Park (3, 1464), Copenhagen Airport (1, 900), Redexis (1, 1140)
3,839
Gemini (1, 2690), NOP Agrowind (1, 597), Westermeerwind (1, 406), Monts du Lomont (1, 56), Lacoste (1, 90)
9 Royal Bank of Scotland
2,940
AVR (1, 480), Manchester Airport (1, 450), Elenia (1, 1260), Edinburgh Airport (1, 750)
10 KPMG
2,297
N17/N18 (2, 455), Mersey Gateway (2, 1072), North Yorkshire waste (3, 500), Stoke social housing (2, 125), North Tyneside social housing
(3, 145)
11 Macquarie
1,948
University of Exeter refi (1, 234), Mersey Gateway (3, 1072), Poolbeg (3, 642)
12 Rothschild
1,680
Budapest Airport refi (1, 1680)
13 Deutsche
1,423
Bournemouth solar (1, 67), A9 (3, 690), Adana Hospital (3, 666)
14 Ernst & Young
1,328
La Sante prison (2, 200), Attica schools (2, 72), Athens schools (2, 65), North Yorkshire waste (2, 500), Ayrshire hospital (2, 87),
Snetterton biomass (1, 233), MyGen (1, 78), Queen Alia expansion (1, 93)
15 Mizuho
1,200
Mirfa (2, 1200)
16 Royal Bank of Canada
924
AWPR (3, 924)
17 Verus Partners
529
Aramco cogen (2, 529)
18 BTMU
277
Thanet OFTO (3, 277)
19 Natixis
236
Axione (1, 236)
20 Synergy Consulting
210
Al-Maryah cooling (3, 210)
21 Eaglestone
200
GigaWatt (1, 200)
Key
76

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LEAGUE TABLES

activity was more evenly spread across the

Project Finance International January 14 2015

2014 LEAGUE TABLES

with new mandates down from 248 in 2013 to

On the advisory side, the table is split into three

the Americas, with nearly double the volumes of

Project Finance International January 14 2015

volume was nearly

Project Finance International January 14 2015

2014 LEAGUE TABLES

the top three global

ASIA PACIFIC TOP 5 FOR

(2013 POSITION IN BRACKETS)

1 - SBI Capital (1)

The project finance

Project Finance International January 14 2015

GLOBAL INITIAL MANDATED LEAD ARRANGERS

=70 Turkiye Halk Bankasi

=70 Turkiye Is Bankasi

=73 National Bank of Canada Finl

=73 Woori Financial

77 Hypo Real Estate

79 Siam Commercial Bank

81 Capital One Financial

82 Rand Merchant Bank

21 RBC Capital Markets

22 Bank of America Merrill Lynch

=84 Shinhan Financial

87 Development Bank of Japan

25 CIBC World Markets

95 Korea Exchange Bank

97 Bank Nederlandse Gemeenten

99 Cassa Depositi e Prestiti

100 National Bank of Abu Dhabi

101 Aozora Bank

103 Banco do Brasil

105 Banque Saudi Fransi

43 BMO Capital Markets

45 Bayerische Landesbank Giro

48 ABN AMRO Bank

=108 Attijariwafa Bank

=108 Banque Centrale Populaire

110 Bank of Philippine Islands

111 Norhukin Bank

113 Caixa Geral de Depositos

114 Metropolitan Bank & Trust

53 Siemens Financial Services

116 Grupo Financiero Inbursa

118 Banco Espirito Santo

56 Banco De Oro Unibank

119 Shinkin Central Bank

120 Banco Popular Espanol

122 Arab Banking oration

123 Grupo Aval Acciones y Valores

124 Abu Dhabi Islamic Bank

125 First Gulf Bank

63 KeyBanc Capital Markets

107 KBC Group NV

Project Finance International January 14 2015

2014 LEAGUE TABLES

GLOBAL INITIAL MANDATED LEAD ARRANGERS CONTINUED

127 Banco BTG Pactual SA