MUFG has won a variety of awards at the 2017 PFI Awards, considered to be the most prestigious event in the global project finance calendar.
MUFG was named as the winner of the prestigious 'PFI Bond House of the Year' category. PFI noted that “MUFG showed a marked increase in lead underwriting mandates for project bonds in 2017, playing a lead role on several deals that led the market in terms of innovation. It is currently top of the PFI project bonds league table, a novelty for a Japanese bank.
“The bank's ability to play many roles in very complex transactions was evidenced in deals such as Ohio State Energy Partners, where MUFG served as joint lead arranger, joint bookrunner, lender to the revolving credit facility, letter of credit issuing bank, co-manager for the private placement notes and the collateral agent. This deal was significant as the first university energy management privatisation, with revenues derived from a 50-year concession agreement.
“MUFG was able to capitalise on increased interest in Green bond issuance, leading sponsors such as Brookfield Renewable Partners through its first use of such bonds, a US$475m project financing secured against its 380MW White Pine hydroelectric portfolio in Maine. The Green bonds due 2032 were issued in a private placement to investors in the US and Canada."
MUFG was also named as the winner in a number of deal-led categories, namely:
- Logistics – Nacala Logistics Corridor
- Power – Sweihan Solar Plant
- Bond – ACWA APMI One
- PPP – Ikitelli Hospital
- Renewables – Walney Wind Farm