Standard Bank Group shows its mettle with winning infrastructure deals
18 April 2011
Standard Bank Group's (SBG) expertise in facilitating and executing infrastructure transactions has been recognised with two awards presented by Infrastructure Journal, a leading trade publication.
Deal of the Year for 2010 - Nord Stream (Phase 1) Standard Bank was a top tier Mandated Lead Arranger for a €5.2 billion project to build a 1,220 km pipeline through the Baltic Sea, from Portovaya Bay in Russia to Greifswald Germany passing through the jurisdiction of five European states - a market first in itself. The deal was recognized for the efficiency of execution despite the tight fiscal conditions.
Transport Deal of the Year for 2010 - Pulkovo Standard Bank was Joint Mandated Lead Arranger and Bookrunner for the B-loan financing related to the €1.2 billion project financing for the Pulkovo airport project in St. Petersburg, Russia. The financing is to refurbish the existing domestic passenger terminal and build a new central passenger terminal. It is Russia's first major Public Private Partnership (PPP) funded by international commercial banks in Russia.
The winners of the Infrastructure Journal Deal awards are decided by a team of well-respected individuals in the industry who seek out innovative and efficiently executed deals, from proposal through to implementation. StandardBank played a central part in two deals that were commended. Here are the winning deals.
Don Hultman, head of the Mining, Energy and Infrastructure Finance team at Standard Bank Group, says: "The widespread industry recognition that a number of our recent transactions have received is extremely rewarding. The solid portfolio of experience we have built up combined with our comprehensive understanding of the specific markets has proven invaluable in the execution of these transactions.
"Standard Bank Group continues to seek out opportunities to leverage the expertise gained from transactional activity on the African continent within other emerging markets, and ensure that we build on this momentum to secure even more ground breaking deals."