Video Transcript:
Project Finance Update: current activity and appetite for
risk
Angus Foley, Director, Project Finance
Bruce Cooper, Partner, Project
Finance
David Bushby, Boardroom Radio
David Bushby: We are speaking with Angus Foley
and Bruce Cooper from Clayton Utz to get their perspective on
what's driving project finance activity in Australia and in
Asia.
Angus, the GFC obviously impacted the level of project finance
activity in Australia with lenders more reluctant to fund projects.
Are we yet seeing a return to pre-GFC levels?
Angus Foley: Well in Australia the project
finance market continued throughout the GFC we are seeing a number
of good deals being done and certainly some strong appetite
especially by the Australian domestic banks who led a lot of the
transactions. Now what we are seeing is a lot of increased
competition from foreign lenders, we are seeing changes to the way
that deals are being put together, and we are seeing smaller groups
of
