Milbank LLP was honored at The Asset Triple A Asia Infrastructure Awards 2020, winning a total of eight awards for its work on infrastructure transactions in the Asia Pacific region. The eight awards comprised seven Deal of the Year awards and a firm award for 2020 Project Finance Law Firm for Indonesia.
For over two decades, leading financial news platform The Asset has recognized industry excellence with its annual Triple A Awards.
The multiple deal of the year awards are testaments to Milbank’s strength in both project finance and capital markets and confirm the breadth of both Milbank’s geographical reach and its sector capabilities, with the award-winning transactions spanning oil and gas, power, petrochemicals, telecommunications and shipping. Milbank’s win for 2020 Project Finance Law Firm for Indonesia marks the second time the firm’s Indonesia and Project Finance practices were recognized this year, having also been named Indonesia International Firm of the Year 2020 by Chambers Asia Pacific and Asia Project Finance Firm of the Year by IFLR earlier this year.
The following transactions were recognized by The Asset:
Oil and Gas Deal of the Year Regional and Oil and Gas Deal of the Year Indonesia: Milbank advised the Commercial Lenders, Islamic Investors, Hedge Banks and their respective agents in connection with the US$1.8 billion financing of the Jambaran Tiung Biru Gas Field for PT Pertamina EP Cepu (PEPC). This deal introduced innovative and complex financing structures, was awarded Asia Pacific Oil & Gas Deal of the Year by both PFI and IJGlobal and was also named Indonesian Deal of the Year 2019 by Islamic Finance News.
Petrochemical Deal of the Year Regional and Petrochemical Deal of the Year Malaysia: Milbank advised the lenders in connection with the landmark financing for the development of a new refinery and petrochemical integrated project (RAPID) and other associated facilities in Southern Johor, Malaysia. One of the largest project financings in the region, this project also picked up Project Finance Deal of the Year 2020 at the IFLR Asia-Pacific Awards as well as Asia-Pacific Petrochemical Deal of the Year from both PFI and IJ Global.
Power Deal of the Year Indonesia: Milbank advised PT Lestari Banten Energi on its US$775 million project bond issuance to refinance existing senior debt facilities of PT Lestari Banten Energi – the first Asian deal of its kind in 2019 and one of only a few project bonds from the region. This deal also won PFI’s Asia Pacific Refinancing Deal of the Year.
Telecom Deal of the Year India: Milbank advised the lead arrangers, the facility agent, Korea Trade Insurance Corporation (“K-Sure”) and participating commercial banks in connection with the landmark financing of the multibillion dollar telecom project operated by Reliance Jio Infocomm Ltd. to expand India’s 4G-wireless network in India. This is the largest Indian-covered loan and K-Sure's largest global telecom financing to date.
Oil and Gas Deal of the Year South Korea: Milbank advised the investors in the issuance and sale of $188.8 million of Senior Notes issued by Great Shale LNG Transport S.A. and the issuance and sale of $186.75 million of Senior Notes issued by Milestone LNG Transport S.A. related to each Company's ownership of an LNG Vessel.