The global financing storm hurt some more than others. According to Project Finance International he world’s top Initial Mandated Lead Arranger of project financing in 2009 was the State Bank of India’s SBI Capital Markets which loaned almost $20 billion for domestic financing projects. IDBI Bank of India was ranked 5th at almost $4 billion.
No American of Chinese banks figured in the top 10 arrangers. French banks took the #2,3 and 4 spots.
SBI arranged 36 deals amounting or 35.2 per cent of the total volume for the Asia-Pacific region. This included some major deals such as financing for the Sasan ultra mega power station for Anil Ambani’s Reliance Infrastructure, projects for Adani Power and Sterlite Energy, and funds for Vodafone and Unitech in the telecom sector. More than $22.3-billion loans in 53 transactions in the sector were signed globally during the year, accounting for almost 40 per cent of the entire PF market. In India, a major contribution came from social infrastructure development schemes launched by the government recently.
