Structured Finance is a dedicated global business line with teams in Paris, New York, London, Singapore, Hong Kong and Sydney. The Structured Finance team in Asia Pacific capitalises on the group’s financial strength and global expertise to offer innovative financing solutions to corporates in Asia Pacific. With extensive sector and product expertise, underpinned by CIC’s strong balance sheet, the Structured Finance business is well-positioned to provide long-term support to our clients with financial advice, best-in-class financing solutions, and risk management expertise.
In an everchanging world, how do you stand the test of time?
CIC arranges and structures financing for major airlines and aircraft leasing companies in Asia Pacific. The team in Singapore has in-depth knowledge and expertise in all aspects of aviation financing and works closely with the Asset Finance team in Paris to provide our clients with a wide range of products and services. Our specialties include the following:
• Secured commercial debt in finance and operating leases
• French Tax Leases
• Secured Warehouse Facilities
• Unsecured Credit Facilities
Shipping & Offshore Finance
CIC specialises in the financing of shipping and offshore assets and container boxes, providing senior secured debt, limited and non-resource financing and French tax leases. Leveraging on the experience and global expertise of the Asset Finance & Securitisation team in Paris, the Shipping desk in Singapore started in 2003, covering the Asia Pacific region in key active markets such as Singapore, China, Hong Kong, Malaysia, Korea and Japan.
CIC participates in the financing of the following industrial vessels and shipping-related equipment:
- container ships
- product tankers
- dry bulk carriers
- LPG carriers
- pure car carriers
- container boxes
- tank containers
The bank also finances the purchase of offshore energy assets:
- LNG carriers
- LNG bunkering vessels
- Floating Liquefied Natural Gas vessels
- Floating Storage Regasification Units
- Wind turbine installation vessels
AFRICAN LNG DEAL OF THE YEAR – GIMI FLNG
PFI AWARDS 2019
In 2019, CIC was awarded the African LNG Deal of the Year for a US$1.3b project financing of an FLNG vessel sponsored by Golar LNG and Keppel Capital, underpinned by a 20-year lease and operate agreement with BP, while co-sponsor Keppel is also the EPC.
CIC originates, structures and provides financing solutions for project finance transactions globally. Working in close collaboration with the Project Finance team in Paris, the team in Singapore has been actively involved in major project finance transactions in Asia-Pacific since 1995.
CIC supports large-scale project financing by offering its global financing expertise, capital markets capabilities, and industry sector knowledge. We arrange and participate in tailor-made limited recourse financing structures and offer competitive long-term funding solutions in sectors including:
- Power (thermal & renewable energy)
- Infrastructure (roads, rail, airports, water, etc)
ASIA PACIFIC PPP DEAL OF THE YEAR – SYDNEY METRO
PFI AWARDS 2019
In 2019, CIC was awarded the Asia Pacific PPP Deal of the Year for the A$13b Stage 2 of the Sydney Metro City & Southwest project sponsored by the Northwest Rapid Transit consortium comprising Marubeni, Plenary & Pacific Partnerships.
ASIA PACIFIC TRANSPORT DEAL OF THE YEAR – CROSS RIVER RAIL
PFI AWARDS 2019
In 2019, CIC was awarded the Asia Pacific Transport Deal of the Year for the A$3.2b Cross River Rail project in Brisbane, Queensland sponsored by CIMIC, Pacific Partnerships, CPB Contractors, UGL, Ghella, DIF and BAM.
The largest project finance arranged in Australia provided by a combination of export credit agencies and banks.
The largest project finance for an emerging market country arranged during the global financial crisis.
CIC is a lender to both WestConnex Stage 1 (M4) and WestConnex Stage 2 (M5) toll roads, which form the larger WestConnex toll road network in Sydney, Australia. CIC is the original lender to WestConnex prior to its acquisition by a consortium led by Transurban. CIC strengthened its commitment to the Project after the acquisition.
Limited recourse financing to the second largest gateway to Australia, funded by debt capital market and bank loans.
Aquasure Desalination Plant
Aquasure Desalination Plant is a seawater desalination plant in Victoria, Australia. Completed in 2012, the Plant is capable of producing 150-GL (gigalitres) of fresh water per year. CIC has been a long-standing client to the Plant since 2009. CIC was recently awarded the IJGLobal Asia-Pacific Refinancing Deal of the Year 2017 for its ongoing support in the financing of the Plant.
Melbourne Metro Tunnel
The Melbourne Metro Tunnel Project, one of the largest transport infrastructure projects undertaken in Australia, comprises the construction of two new 9-km rail tunnels through the heart of Melbourne along with five new underground stations. The twin-tunnels will transform Melbourne’s rail network into an international-style metro system, improving connectivity with the central business district (CBD) and key growth areas. CIC was awarded the IJGlobal Asia-Pacific Transport Deal of the Year 2017 and PFI Asia-Pacific Infrastructure Deal of the Year 2017 for its Mandated Lead Arranger role in the Project.
Singapore Sports Hub
Singapore Sports Hub is a state-of-the-art, fully integrated precinct with world-class facilities, in addition to being an iconic landmark to the City State. Since commencing operations in June 2014, the Singapore Sports Hub has established itself as the region’s premier destination of choice for sports, entertainment and lifestyle events.
New Waikeria Prison
The 500-bed prison project is structured as an availability-based PPP with no custodial risk. The Project benefits from a long-term concession from New Zealand’s Department of Corrections. Construction on the Project is expected to be completed in 2022.
The Acquisition Finance team in Asia Pacific started in Singapore in 2003 and is part of a dedicated global business line. Today, the Asia Acquisition team has execution capabilities in Singapore, Hong Kong and Sydney. Benefitting from CIC’s global experience and sound track record, CIC offers strategic and structured financing solutions including leverage buy-out, corporate acquisition, public-to-private, dividend recapitalization & refinancing.
CIC provides competitive event-driven financing and highly structured acquisition financing to corporates that need to finance strategic or bolt-on acquisitions, as well as to financial sponsors planning to acquire a controlling interest in a business. Close ties with our clients and other partner banks enable CIC to offer a wide spectrum of complementary products including receivable financing.
Deal of the year award
Best Telecom Deal of the Year, The Asset Triple A, Asia Infrastructure Awards 2016.
CIC was a co-arranger of a highly successful transaction; A$1.96 billion syndicated loan facilities to finance the merger of TPG Telecom with iiNet in August 2015. This was a multi-tranche and stand-by bridge facility which created the merged entity and Australia’s second largest internet service provider.
INTERESTED TO FIND OUT ABOUT THE STRUCTURED FINANCING SERVICES WE OFFER?
Our team will provide comprehensive financing solutions to meet the needs of your corporation, please use the contact form to get in touch with us to find out more about our services.