Comprehensive project finance from a global leader

SMBC Group is recognised as a global leader in project finance with strong product knowledge and dedicated professionals in London and in financial centres across Europe, the Middle East, Africa, and around the world.

SMBC Group offers global sponsors a comprehensive service by providing dedicated financial advisory for bids and acquisitions, and a full range of debt products. This includes long-tenor loans and agency services offered directly by SMBC and SMBCE, to project bonds and derivatives offered by SMBC Nikko. SMBC Group’s specialist teams offer products and services with a particular focus on energy, natural resources, transport, social infrastructure and asset acquisitions.

The bank has been active in project finance since the early 1990s, and its dedicated London team has advised, arranged and provided finance for over 400 projects across Europe, the Middle East and Africa.

Award-winning project finance

SMBC has been awarded Global Bank of the Year 2017 from Project Finance International, Global MLA of the Year 2017 from IJGlobal and Best Arranger of Project Finance Loans 2017 from GlobalCapital.

A strong record of lead arranging project finance

Limited and non-recourse debt financing

  • Multilateral companies, utilities and engineering, procurement and construction (EPC) contractors
  • National, regional and local governments
  • Commodity buyers and end-users
  • Infrastructure and energy fund managers and financial investors
  • Project developers

Services

  • Financial advisory
  • Mandated lead arranger
  • Loans and letters of credit
  • Construction and acquisition finance
  • Bond and equity underwriter N
  • Private placement and project bonds N
  • Interest rate swap and foreign exchange N
  • Asset securitisation N
  • Cross-border M&As N
  • Export credit agency (ECA) coordinator and advisor
  • Agency services (including administrative, ECA, intercreditor, collateral, security and account banking)

N Products and services provided by SMBC Nikko Capital Markets Ltd

Your preferred funding partner

Your preferred funding partner

Oil, gas & petrochemicals

The oil, gas and petrochemicals team has a strong track record in advisory and lead arranging, and includes execution roles such as documentation bank, technical bank, environmental bank and bookrunner.

The team has excellent business relationships with international petroleum companies together with the major Japanese trading companies and contractors. It has expertise in working with ECAs and multilateral agencies, as well as in Islamic finance and capital markets.

Project types

  • Upstream
  • Midstream
  • Refining
  • Petrochemicals
See reserves based lending for non-recourse financing secured by oil and gas fields.

Power, utilities, mining & metals

SMBC Group has a strong track record in arranging water and power utilities project finance transactions on a global basis. It is a leading bank that provides financing support to customers in relation to water and power projects tendered in the Middle East.

The bank has underwritten and arranged debt for such projects exceeding US$51bn, with a total capacity in excess of 50 gigawatts and 1,800 million imperial gallons per day in the Middle East. As one of the most important sectors for growth within the utilities industry, the bank will continue to provide financing to sustainable and cost efficient energy projects.

Project types

  • Independent power production (IPP)
  • Independent water production (IWP)
  • Independent water and power production (IWPP)
  • Independent water, steam and power production (IWSPP)
  • Metals (such as aluminium smelters)
  • Mining
  • Transmission (of electricity and gas)
  • Utilities (such as air separation and cooling)
  • Wastewater (sewage treatment plants)

Renewable energy

SMBC Group has an established track record within the EMEA region for renewable energy project financing, having participated in wind, solar and biomass power projects totalling more than US$24bn. With a total portfolio capacity in excess of 16.8 gigawatts, the bank’s European renewable energy portfolio delivers more than 39 terawatt hours of clean energy every year, enough to supply nine million households.

SMBC Group regards renewable energy as one of its most important sectors for growth within the utility industry, and will continue to provide financing to clean energy projects throughout the EMEA region as the market matures.

Project types

  • Solar (such as concentrated solar power and solar photovoltaics)
  • Wind (onshore, offshore and transmission)
  • Biomass

Transport

SMBC Group has extensive experience in providing project finance across the transport industry for rail, rolling stock, roads, airports and seaports. The transport team works with many of the key European contractors, advisers, and public authorities at both local and national level. The team members have experience as advisers, and as mandated lead arrangers of major European transport projects.

Project types

  • Roads (including availability-based road concessions, shadow and real toll roads, highway maintenance and road user charging)
  • Rail and rolling stock (including light and heavy rail, passenger trains, freight wagons and locomotives)
  • Airports and seaports

See aviation finance and maritime finance for financing of aircraft and shipping assets.

Infrastructure

SMBC Group maintains a leading position in the United Kingdom and continental European infrastructure markets. It has become the arranger of choice for the leading infrastructure sponsors in EMEA.

The bank has been active in the infrastructure and public-private partnership (PPP) market in the UK since the inception of such schemes. With many countries in Europe and beyond accessing private finance for the delivery of public services, the bank is providing a platform for infrastructure growth across EMEA.

In addition to the well-established sectors of health and education, SMBC Group also provides a market-leading service for growth areas such as smart meters and grids, sports and leisure facilities, urban regeneration projects, infrastructure asset acquisitions and fund financing.

Project types

  • Defence
  • Digital infrastructure (including fibre optic cables, broadband towers and data centres)
  • Education (including schools, colleges and universities)
  • Emergency services
  • Healthcare
  • Law and justice
  • Smart meters and smart grids
  • Social housing
  • Sports and leisure
  • Street lighting
  • Urban regeneration
  • Waste and wastewater

Acquisition finance

SMBC Group has been active in the infrastructure acquisition finance market since 2004, and has been involved at a structuring level in many landmark acquisition transactions. The team’s industry expertise in infrastructure, transport and energy has enabled the bank to be active across these fields when assets for sale have come onto the market. The bank is committed to playing a leading role in the infrastructure and energy acquisition market.

Advisory services

The project finance advisory team has deep experience and knowledge in providing a full range of financial advisory services in the energy, natural resources and infrastructure sectors in EMEA region and has a reputation as a capable financial advisor.

The demand for such services is significantly increasing as projects involve more and more complex structures and various players across borders. Through close communication with project sponsors and investors, and by leveraging the bank’s in-depth knowledge, SMBC Group regularly advises its customers on the best solutions and most viable structures for projects.

ECA and multilateral finance

SMBC has extensive experience with working with most ECAs, development financial institutions and multilateral agencies. See structured export finance for more information.