Project Finance

Project Finance is one of the key focus areas for ICICI Bank. The Project Finance
Group has institutionalized capabilities to successfully manage the unique and
multidimensional process of project finance transactions led by customized project
structuring approach.

The group has been the sole lead arranger and underwriter of a significant amount
of project debt over the years. In the Indian project finance domain, the group
enjoys a leadership position and is acknowledged for its comprehensive domain
expertise and knowledge in the infrastructure, manufacturing and mining sectors,
having ensured timely financial closure of several big ticket projects.

A brief overview of the major sectors covered by the group is given below:

Power: ICICI Bank is the first Indian bank to finance large hydro-power projects
and has been the lead arranger towards funding of a number of thermal power plants
being set-up by large infrastructure developers.
Roads: The Infrastructure sector is a priority for the Bank. The group has ensured
the Bank's participation as lead arranger for a number of road projects and has
financed the first project for modernizing state border check posts.
Ports / Airports: ICICI Bank has provided assistance to a number of container &
liquid port terminals. The Bank has been credited for being a lead arranger for the
first private sector greenfield international airport.
Manufacturing & Mining: The funding requirements of large brown field expansions
and green field projects in the manufacturing sector viz. Steel, Aluminium, Cement,
Auto, and Hotels have been arranged by the group. In the mining sector, Bank has
provided financial assistance to several large conglomerates for overseas mine
acquisitions and has funded capex requirements of local miners.
Oil & Gas: ICICI Bank is credited with being a lead arranger for one of the largest
refineries in the country and has financed the first oil securitization deal in the
country. Additionally, funding of gas pipeline projects remains a key area for
bank.

The project finance team of ICICI Bank has also played a key role in assisting the
Government of India in formulating policies relating to various segments of the
infrastructure sector. This helps ICICI Bank to provide optimum solutions to its
clients with an appropriate decision support for strategic measures in future.

Service offerings
PFG provide a wide range of services including the following:

Rupee term loans

Foreign currency term loans
External Commercial Borrowings
Export Credit Agency backed long term debt
Lines of credit from different multilateral institutions
Non fund based facilities like Letter of Credit, Bank Guarantee, Supplier�s Credit,
Buyer�s Credit etc.
Subordinated debt and mezzanine financing