FinanceAsia Achievement Awards 2000 - Best Project Finance Deal

BNP Paribas, DKB, IBJ, SG Asia The CBK power project in the Philippines is a fine example of how to finance a project which has a strong rationale but is hampered by external factors. The $383 million deal is the first project financing in Asia completed based almost entirely on extended political risk coverage from the private insurance market. In the process, the deal became the largest private political risk covered project financing in the world with nearly $580 million of insuran…