Ayesha Waheed is described as "very easy to deal with, very constructive" and "able to break down very complex transactions and provide very clear advice."Chambers UK 2018

Ayesha K. Waheed

London
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
 
 

Ayesha Waheed is a partner in the London office of Latham & Watkins, practicing principally in the Project Development & Finance Practice. Ms. Waheed has represented developers and lenders in oil and gas, power generation, and infrastructure projects, and has significant experience in all aspects of structuring, negotiating, and drafting finance and commercial documents in connection with international project financings and privatizations.

Ms. Waheed is recognized as a "Leading Lawyer" for Project Development and Banking and Finance by IFLR 1000 and as an "Expert" by Who's Who Legal.

Publications

  • “Turkish Concessions – Not for the Faint-Hearted” Project Finance Magazine
  • “Turkish Renewable Energy – Blowing in the Right Direction?” IJ Online

Ms. Waheed's representative matters include advising:

  • The lenders in connection with a bank and bond financing for the US$42 billion expansion to the Tengizchevroil Project in Kazakhstan
  • Yildirim Holding as sponsor in connection with the US$260 million acquisition and capex facilities provided by the European Bank for Reconstruction and Development (EBRD) for a chrome ore mine in Kazakhstan
  • Yildirim Holding as sponsor in connection with the US$100 million acquisition financing of the Tikhvin ferroalloy plant in Russia
  • The issuer, Mersin International Port (MIP), a joint venture between Turkey’s Akfen Holding and Singapore’s PSA International, in connection with a Reg. S/ Rule 144A US$450 million bond issuance, Turkey’s first ever infrastructure bond, the proceeds of which were used to refinance the project financing of the concession to operate the port, granted in 2007
  • A syndicate of commercial lenders in connection with sponsor covered loans provided as part of a US$20 billion project financing of a liquefied natural gas (LNG) project in Australia sponsored by Inpex Corporation and Total SA
  • The Export Import Bank of the United States, The Export Import Bank of China and a syndicate of 15 commercial lenders on an $8.5 billion project financing of a coal seam gas to liquefied natural gas (LNG) project in Australia sponsored by Origin Energy Limited, ConocoPhillips, and China Petrochemical Corporation (Sinopec)
  • UniCredit, the European Bank for Reconstruction and Development (EBRD), Black Sea Trade and Development Bank, DenizBank, and Siemens Bank in connection with the €250 million limited recourse financing provided to an SPV set up by TAV Airports for the construction, operation, and maintenance of the new domestic terminal at Izmir Adnan Menderes Airport
  • Garanti Bank, the European Bank for Reconstruction and Development (EBRD), Isbank, Vakifbank, TSKB, and DenizBank in connection with the financing of the privatization of Istanbul ferry operator Istanbul Deniz Otobusleri Sanayi ve Ticaret A.S. (IDO)
  • Air Liquide International in connection with the financing for the construction of a gas separation unit in the Ukraine. The financing is provided by the European Bank for Reconstruction and Development
  • Akfel Mühendislik Enerji Tesisleri Sanayi ve Ticaret A.S. in connection with certain joint venture arrangements
  • The Royal Bank of Scotland plc, Clydesdale Bank PLC, and Lloyds TSB Bank plc in connection with the refinancing of an oil storage facility located in Wales
  • The export credit agencies and commercial banks in connection with the US$14 billion financing of the PNG LNG project in Papua New Guinea. The export credit agencies involved in this financing are: Export Import Bank of China, Export Finance and Insurance Corporation, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A., and Export-Import Bank of the United States
  • T. Vakifbank T.A.O and Vakifbank International AG as lenders in connection with US$265 million term loan and letter of credit facilities provided to Trakya Elektrik Uretim ve Ticaret A.S.
  • The sponsors (GMR International, Limak Holdings and Malaysia Airports Berhad) and the project company in connection with a €330 million limited recourse financing of the concession to develop and operate the Istanbul Sabiha Gokcen Airport. The lead arrangers were ABN AMRO and Yapi ve Kredi Bankasi*
  • The sponsors (PSA International and Akfen Holding) and the project company in the US$600 million limited recourse financing of the concession to operate Mersin Port, Turkey, the lead arrangers were Bayerische Hypo- und Vereinsbank, ABN AMRO, General Electric Capital Corporation, Garanti Bank, Isbank, and TSKB, in addition to Project Finance International's "Infrastructure Project of the Year 2007" award, this project received the "European Port Deal of the Year for 2007" award from Project Finance Magazine*
  • Deutsche Bank as lead arranger in connection with the €150 million non-recourse re-financing for TAV Airports, the SPV that constructed and is operating and maintaining Ankara Airport*
  • WestLB and T. Vakif Bank as lead arrangers in connection with the €108 million limited recourse financing provided to an SPV set up by TAV Airports for the construction, operation and maintenance of the new international terminal at Izmir Adnan Menderes Airport on a BOT basis, of which the financing included a facility benefiting from political risk cover provided by the Federal Republic of Germany under a "GKA" guarantee*
  • The lead arrangers (Bayerische Hypo-und Vereinsbank and ABN AMRO) in connection with the US$552 million limited recourse financing provided to three SPVs set up by Dogus Holding, Akfen Holding, and TÜV Sud AG for the concessions to operate the vehicle inspection services in Turkey. The financing had the benefit of political risk cover provided by the Federal Republic of Germany under a "GKA" guarantee and the financing agreements were governed by German law*
  • FLAG Telecom in a US$1.1 billion financing of its submarine cable system spanning the Pacific Ocean
  • The underwriters of a proposed US$400 million capital markets offering for the project financing of an oil pipeline from Chad to the coast of Cameroon
  • Sithe International and ABB ALSTOM in connection with the US$400 million financing of a 230MW power plant in Mexico
  • Qatar Electricity & Water Company in connection with the development and financing of a 400 MW, US$215 million expansion of the existing Ras Abu Fontas B Power/Desalination Project in Qatar

    *Matter handled prior to joining Latham & Watkins 
 
 
 
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