MUFG is proud to have been recognised in The Banker's Deals of the Year Awards 2020, winning in the category of Infrastructure & Project Finance Europe for arranging and distributing the first dual track Samurai and green US Private Placement (USPP) transaction for Porterbrook Rail Finance Limited in October 2019.
MUFG acted as Coordinator, Sole Bookrunning Mandated Lead Arranger and Facility Agent on the Samurai Loan and Joint Lead Placement Agent on the USPP to facilitate funding of £250 million to repay a bond maturing in October 2020.
The Banker's Deals of the Year awards celebrate the most impressive investment banking transactions of the past year. The judging criteria include deal complexity, innovation, and the challenges of the deal environment.
Darryl D'Souza, Managing Director, Infrastructure for MUFG in EMEA, commented:
"The team and I are delighted to have been recognised for this deal, which delivered for Porterbrook and demonstrated why MUFG continues to have such a strong track record in executing Samurai Loans and USPPs.
"On this deal, we were able to leverage our global network and heritage by utilising our extensive distribution network in Japan to develop an untapped pool of liquidity for Porterbrook."
Stefan Rose, Head of Structured Finance at Porterbrook, added:
"This was our third mandate with MUFG, and this recognition highlights why we continue to work with the team. Both the Samurai Loan and the USPP were oversubscribed, which was fantastic, and highlights MUFG's deep understanding of our business and their strong solution-driven product capabilities."
Porterbrook is a leading rolling stock owner and lessor in the UK. The company plans to invest upwards of £1bn into UK rail over the next five years, alongside being committed to ensuring that the UK rail sector meets its decarbonisation targets. The mandate was issued under Porterbrook's Green Framework, assuring alignment with the International Capital Market Association's green bond principles.