LimakPort project bond oversubscribed
On 18 May 2021, LimakPort raised US$370m in one of the first-ever 144/A project bonds issued from Turkey, supported by UBS and Bank of America as joint bookrunners. The 15-year amortizing dollar bond pays a ...
LimakPort rated BB- by Fitch and B3 by Moodys’
On 4 May 2021, Fitch assigned a BB- rating with stable outlook (equal to Turkey’s sovereign rating) and Moodys' a B3 on a potential $360m bond issuance by LimakPort. > https://www.fitchratings.com/research/infrastructure-project-finance/fitch-rates-limakport-notes-bb-exp-outlook-stable-04-05-2021 > https://m.moodys.com/research/Moodys-assigns-B3-rating-to-Limak-Iskenderuns-senior-secured-notes--PR_445141
Konnect (Broadband for Africa) main satellite now operational
On 16 November 2020 the High Throughput Satellite entered into service at the 7° East orbital position. Launched aboard an Ariane rocket on 16 January 2020, the availability of the satellite had been delayed due ...
ERC inauguration by President Al-Sissi
On 27 September 2020, President Abdel-Fattah Al-Sissi led the inauguration of the Egyptian Refining Company. The ceremony was also attended by the Prime Minister, the Head of the Egyptian Parliament, and the Ministers of Petroleum, ...
Limak Dogalgaz completes its refurbishment programme
Limak Dogalgaz reached final completion of its refurbishment programme on 27 November 2017 with the take-over of the 2nd new 600MW unit using Siemens H-class turbines. The first natural gas power plant in Turkey was built in 1985, then ...
InfraMed first successful exit
On 14 July 2017 InfraMed sold its 21% shareholding in Broadband4Africa Company, achieving a first successful exit in the midlife of the fund.
InfraMed and EPGE pre-qualify for renewable in Jordan
The InfraMed and EPGE joint-venture Lamsa was announced by the Ministry of Energy and Mineral Resources of Jordan as one of the pre-qualified consortia for wind in the 3rd Round of Direct Proposal Submissions for ...
Samer Judeh interviewed by CNN about Tafila
On 31 January 2017 CNN broadcasted an interview of Mr Samer Judeh, Chairman of JWPC. Full video here.
InfraMed invests in Eutelsat’s ‘Broadband for Africa’ satellite venture
InfraMed and Eutelsat Communications have entered into an agreement whereby InfraMed becomes a c.21% shareholder in ‘Broadband for Africa’, the venture set up by Eutelsat to provide satellite broadband services on the African continent. By ...
EMEA Finance Awards 2016
InfraMed and Limak won a EMEAfinance Magazine 2015 achievement award for the €395m financing of the Hamitabat Project, as Best Structured Finance Deal in CEE of the year. The Project, a 1156MW combined-cycle gas turbine ...