Excellence Awards 2017 - Best Trade Bank in Energy: Deutsche Bank

Awards | 1 August 2017


A chronic shortage of power in emerging Africa has been one of the key drivers of infrastructure development in the region. One of the banks to step forward in this regard has been Deutsche Bank.

It acted as co-mandated lead arranger (CMLA) in the US$1.1bn finance package for the Egyptian Electricity Holding Company (alongside HSBC and KfW Ipex-Bank) and eight other MLAs. Egypt suffered rolling blackouts in 2014 and demand for energy was 20% more than capacity in 2015 - the financing formed part of wider programme to address the energy imbalance in the country, which led to a 15% surplus by the end of 2016.

Simon Sayer, global head of structured trade and export finance said, "Having seen power shortages in many regions around the globe, but particularly across North and sub-Saharan Africa where brownouts and blackouts have been common in recent years, it is very rewarding to be involved in projects that are literally keeping the lights on and facilitating the development of other much needed social, educational and industrial infrastructure."

Deutsche Bank was also one of 11 mandated lead arrangers (MLA) in the US$3bn pre-export finance facility for Tengizchevroil Finance Company in Kazakhstan. The bank also acted as MLA in a US$75m financing for Qaiwan, an energy producer in the Iraqi Kurdistan Region.

Deutsche was also a CMLA in a US$5bn borrowing base facility for Lundin Petroleum, which was secured at the height of the oil price slump in February 2016.

Runners up: HSBC and Societe Generale (seven banks were nominated).

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