Project Finance Criteria &
Definitions
All tables are year to date (Jan 1st to present), updated weekly
and based on the following:-
Asia includes North Asia, South East Asia and the Indian Sub
Continent
North Asia: China, Hong Kong, Japan, Korea, Macau, Mongolia,
Taiwan.
South East Asia: Brunei Darussalam, Cambodia, Indonesia, Laos,
Malaysia, Myanmar, Philippines, Singapore,
Thailand, Timor-Leste, Vietnam.
Indian Sub Continent: Bangladesh, Bhutan, India, Maldives,
Mauritius, Nepal, Pakistan, Sri Lanka.
Australasia includes Australia, New Zealand and the
South Pacific Islands.
League Table Definitions
• Mandated Arrangers – Asia (excluding Japan) & Australasia:
lists the top 10 Mandated Arrangers, by rank value (see below), of all
announced mergers and acquisitions, involving an Asian (excluding Japan)
target or bidder.
• Arrangers – Asia (excluding Japan) & Australasia: lists
the top 10 Advisors, by rank value (see below), of all completed mergers
and acquisitions, involving an Asian (excluding Japan) target or bidder.
• Financial Advisers – Asia (excluding Japan) & Australasia:
lists the top 10 Advisors, by rank value (see below), of all announced
mergers and acquisitions, involving an Australasian target or bidder.
Advisors providing fairness opinions are excluded from these tables.
• Legal Advisers – Asia (excluding Japan) & Australasia:
lists the top 10 Advisors, by rank value (see below), of all completed
mergers and acquisitions, involving an Australasian target or bidder.
Advisors providing fairness opinions are excluded from these tables.
Transaction Eligibility
• Non-recourse and limited recourse, privately funded
projects are eligible for league table credit.
Exclusions:
• Real Estate.
• Shipping or Aircraft Financing.
• Equipment financing (when not related to s a specific project).
• Agriculture and Manufacturing.
• Synthetic lease financing (except where the loan is majority
non-recourse).
• Facilities where the borrower is the government.
• Facilities where the project is funded solely from a bilateral
loan from a supranational or government development bank.
• Facilities where the loan or all of the loans benefit from a
financial guarantee from the government or sponsors.
Ranking Methodology
• Mandated Arranger and Arranger League Tables are based on:
- equal apportionment between all mandated arrangers of loans for mandated
arranger tables;
- equal apportionment between all mandated arrangers and arrangers of
loans for arranger tables;
- final takes (or equal apportionment when final takes are undisclosed
for loan participants;
- equal apportionment for bond bookrunners and managers;
- the loan agreement signing date for loan arrangers;
- the general syndication signing date for providers/participants;
- the bond payment date for bond bookrunners and managers.
• Financial Adviser and Legal Adviser League Tables are based
on:
- the project’s financial close date, which is understood as the signing
of the loan agreement between the top tier banks and the borrower;
- only projects financed, at least partly, on a non- or limited-recourse
basis are included;
- ranking is based on an equal apportionment of the total project cost
between organisations in the same role.
- Advisers receive credit for the following roles: adviser to the borrower
(project company); adviser to the concession awarder; adviser to the
divestor (if privatisation/acquisition); adviser to the lender.
• Facilities are included in league tables from:
- the loan agreement signing date for loan arrangers;
- the general syndication signing date for providers/participants;
- the bond payment date for bond bookrunners and managers.
Submission Guidelines
Submissions to Dealogic can be sent to the below contact details:
Tables will be updated each week on Friday. Deals must be received by
10am on Friday for inclusion.
Dealogic (Hong Kong)
Tel: 852 3698 4700
Email: hkinfo@dealogic.com
Dealogic (Japan)
Tel: 813 6731 2000
Email: jpinfo@dealogic.com
