TEL AVIV, Israel, Sept. 22, 2016 /PRNewswire/ -- Bluebird Finance & Projects, led by Nir Bareket and Ram Shalita and a team of experienced experts, specializes for more than 15 years in arranging complex financing packages for large infrastructure projects in developing countries. Among its clients are large international EPC companies and sponsors.
In July, Bluebird achieved a successful closing of a 200M USD housing project for the government of Zambia, where the main contractor is Ashtrom Group, a large Israeli company. The financing package is for 100% of the contract amount, 13 years loan, including 3 years grace. This deal was challenging and complicated, due to the required short timelines, involvement of a large number of international ECAs and lender banks, and the changes in Zambia's status and credit rating during the process.
Nevertheless, despite all challenges, the closing has been achieved on time and the project is now in construction phase: a whole new city for thousands of people with modern housing units, schools, clinics and massive surrounding infrastructure will be built in 3 years in Northern Zambia.
Second, early this year Bluebird has closed the financing of a 30M EUR construction of a university in a South American country. The financing involved few European Export Credit Agencies and two lender banks. The financing package is for 100% of the contract amount, for 12 years loan. The main challenge of this deal was the borrowing country itself - a small country with economic challenges, in which international banks are not used to working.
Third, financing was closed for a 60M EUR privately owned industrial factory in Asia. The financing structure is "Project Finance". The sponsor is a European company, which injected 25% equity, and the main EPC is a large international company. The 75% debt loan was arranged for 10 years, at most attractive terms. The financing package was led by a commercial bank, with the involvement of multilateral banks. Within the financing facilitation, Bluebird has also prepared a full bankable feasibility study and financial model.
Besides these closed deals, Bluebird is now in final stages of closing financing for additional projects in total volume of 280M USD.
SOURCE Bluebird Finance and Projects