MUFG has been named as the winner of the Global Bank of the Year award by Project Finance International (PFI).
Commended for its stellar year in the global project finance asset class – topping the loan league tables, currently second in the bond lead manager tables, and finalising some high-profile advisory mandates, MUFG was also involved in seven other award winning deals as part of the same PFI ceremony. These included:
- Global Institutional Deal of the Year – Hornsea 1
- Europe Telecoms Deal of the Year – Open Fiber
- Europe Renewables Deal of the Year – Borssele III/IV
- Europe Power Deal of the Year – Moray East
- European Oil & Gas Deal of the Year – TAP
- North America Power Deal of the Year - Western Renewable Partners
- Americas Solar Deal of the Year - Enel Green Power Solar
PFI noted that MUFG's adoption of a new one-platform approach has enabled it to come up with an interesting concept of ambidextrous bankers "who can advise on and executive any form of financing, irrespective of product or sector."
MUFG's new approach "blends the bank's sector specialists, ranging from renewable energy and rail to aviation and housing, with its capital markets experts."
"Overlaying this is a product-agnostic advisory service, creating a one-stop shop for clients, and an enhanced approach to financial sponsors, recognising the growing importance of this client segment in project finance," it said.
Phillip Hall, Head of Structured Finance for MUFG in EMEA, commented:
"I am delighted that the unwavering efforts of the MUFG team, both here in EMEA and in the Americas and Asia Pacific, have resulted in us being named Global Bank of the Year by PFI. This accolade, combined with our activity on many other award-winning deals, clearly demonstrates our commitment and strength in the project finance arena, which we hope to build on for years to come."