Leading industry magazine Infrastructure Investor has named Deutsche Bank “Global Corporate Trust Services Provider of the Year” for the eighth consecutive year. The bank was voted winner by the magazine’s readers in an online poll conducted over two months from December 2017.
Announcing the awards in its March 2018 issue, Infrastructure Investor highlighted several developments including the increasing role that green bond issuance is playing in Deutsche Bank’s offering. “But if you’re looking for standout deals, the refinancing of motorway services company Tank & Rast, in which it helped put in place a multibillion-euro debt platform, as well as the financing of rolling stock for South West Rail, its third mandate in a row, are good places to start” said the magazine’s editors.
Germany’s largest motorway service station operator, Tank & Rast, refinanced its existing EUR1.7bn debt with a mixture of secured public bonds, private placements and bank debt.
The client is supported across the asset-backed securities, project finance and loan agency products offered within Deutsche Bank Trust and Agency (TAS) services from both Luxembourg and the UK.
In the US, TAS was given plaudits for its role in North Carolina’s I-77 public private partnership involving the construction of the I-77 Express Lanes and infrastructure improvements. TAS supported the client with trustee, registrar, paying agent, collateral agent and intercreditor agent services in a bond financing to raise the necessary funds to develop, design, construct and operate and maintain the project.
Infrastructure Investor also noted other mandates won by Deutsche Bank’s TAS team, which supports more than 60 project finance deals globally worth more than €15 billion across renewable energy, power, transport and oil & gas, including the following key transactions:
• Anglian Water
• Thames Tideway
• TC Hydro Portfolio Acquisition
• All Aboard Florida Rail
• Denver International Airport Great Hall
Commenting on the awards Jose Sicilia, Head of Trust and Agency Services at Deutsche Bank, said: “These industry awards continue to demonstrate that Deutsche Bank is the preferred partner to the market for some of the most complex and high-profile transactions in the industry.”
Deutsche Bank’s Trust and Agency Services business provides a broad suite of solutions to support project finance, infrastructure & energy transactions, including intercreditor agent, collateral agent, account bank, trustee and highly specialised administrative agent and project agency services. The team operates in major financial centres, including New York, London, Luxembourg, Frankfurt, Hong Kong and Singapore.
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