A dramatic increase
Independent Energy recently completed its 5th annual Financial Rankings survey for all of 1994. The results show a dramatic increase in financial activity - especially during the second half of 1994. For all of 1994, developers and financial firms reported activity in project finance debt and equity, in corporate finance, and in revenue bonds totaling about $31 billion. This is up from about $17 billion in 1993. Fir the last six months of 1994, financial activity was reported at about $21 billion in these categories. This compares to $10.5 billion during the first half of 1994. The dramatic survey results can be attributed to several factors that reflect continuing industry trends. International activity in privitization and public stock offerings strengthened the results. Of 110 transactions reported for the second half of 1994, 40% were for deals outside the US. This is an increase from about 30% international transactions reported during 1994`s first half. Of the remaining transactions, many were for refinancing existing US projects. Finally, these rankings demonstrate an increase in the number of firms reporting as the industry expands globally. While the international activity in stock offerings and privitization was strong, closings for new power projects worldwide remains slow.
- OSTI ID:
- 83413
- Journal Information:
- Independent Energy, Vol. 25, Issue 3; Other Information: PBD: Mar 1995
- Country of Publication:
- United States
- Language:
- English
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