| IFLR Project finance deal of the year - Pekin & Pekin makes shortlist |
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Date: 20 January 2012 Publishers: International Financial Law Review Pekin & Pekin has been nominated by IFLR for Project Finance Deal of the Year following its work on the Yeni Elektrik transaction, lauded as the first true limited recourse financing of a CCGT plant. The project financing was granted to Yeni Elektrik Üretim A.Ş., a project company jointly owned by Unit Investment N.V. (60%) and Ansaldo Energia S.p.A. (40%). The lead arrangers were Turkish banks Yapi ve Kredi Bankasi A.Ş., Türkiye İş Bankasi A.Ş., Vakiflar Bankasi T.A.O. and Türkiye Garanti Bankasi A.Ş. and the facility consisted of a term loan USD700mn and a letter of guarantee USD80mn. The Energy & Climate Change team advised a foreign party on both the acquisition and the project financing aspects of the transaction. Related links Expertise Partners
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