INTL FCStone Inc. Announces Advisory & Project Finance Engagement for
Successful Power Tender Bid
NEW YORK, May 16, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL)
today announced that its investment banking division, INTL FCStone Securities
Inc. advised LNG Group Panama, S.A. and its project-level vehicle, Panama NG
Power S.A., in support of the their successful bid for a 20 year power
purchase agreement and the construction and operation of a 550 MW combined
cycle gas turbine (CCGT) power plant that will consume natural gas as its
INTL FCStone Securities Inc. assisted in developing financial models used to
determine a competitive final bid price for capacity and energy payments,
analyzing the benefits, issues and constraints relating to various capital
structures, and advising on the structure and final pricing of the overall
bid, all of which resulted in a successful tender process.INTL FCStone
Securities Inc. is also advising the company on its negotiations for long-term
liquefied natural gas supply contracts and advising the company on strategic
partnerships with leading engineering and technology procurement firms, in
advance of its Project Finance Advisory role.
Jose Dapelo, CEO of LNG Group Panama, S.A., said, "The project is expected to
yield important benefits for Panama by attracting significant foreign
institutional capital, reducing Panama's cost of capital, providing a source
of direct and indirect employment opportunities and greatly diversify Panama's
electricity matrix, securing the country's long-term energy supply and
reducing local industrial and residential energy costs."
Steve Carlson, President of INTL FCStone Securities Inc., commented, "We are
thrilled that our hard work with Panama NG Power S.A. has resulted in a
successful bid and we now look forward to helping them raise the estimated
US$1,100 million in project costs as the project finance advisor."
About INTL FCStone Securities Inc.
INTL FCStone Securities Inc. provides trading, market making, investment
banking and corporate finance services to customers around the globe.The
investment banking division provides capital raising, mergers and acquisitions
advisory, trade finance and bank loan syndication as well as restructuring and
corporate advisory services to middle market firms in the natural resources,
agriculture, financial institutions, power generation and real estate
sectors.INTL FCStone Securities Inc. (member FINRA/SIPC) is a wholly-owned
subsidiary of INTL FCStone Inc. (Nasdaq:INTL).
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 customers in more than 100 countries through a network
of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Director of Public Relations
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