Banking and Finance in Papua New Guinea

Home
Practices and industry sectors
Practices
Banking and Finance
Banking and Finance in Papua New Guinea

Banking and Finance in Papua New Guinea

You are currently viewing Dentons' capabilities in Banking and Finance in Papua New Guinea. To view capabilities in other regions please select below:

{9FEA9EF5-40DC-490D-8B34-15A2A2ECB85F}

Regional Capabilities

Since the 1990s, the PNG financial sector has undergone fundamental and far-reaching reform. This well-structured, sequenced reform has reinvigorated its financial institutions, bringing profit and expansion.

With the fundamentals now well in place, the reform agenda continues with measures to further strengthen existing regulations.

Having worked in the PNG banking and finance sector for more than four decades, and having drafted the major aspects of the Bank of Papua New Guinea’s reform agenda, our team is ready to guide you through your most complex financing transactions.

A leader in the field of banking and finance law, we are regularly engaged by:

All the major institutional banks operating in PNG
Private sector domestic borrowers
Multinational project sponsors
The Independent State of Papua New Guinea, the Bank of Papua New Guinea, Kumul Consolidated Holdings (the holding company of the state's portfolio of state-owned enterprises) and various state-owned enterprises
Other international financial institutions including international donor credit agencies

Rely on our experience in:

Acquisition and leveraged finance
Asset finance and leasing
Bank lending
Corporate finance
Project finance
Property and construction finance
International and trade finance
Securitization, specialized lending, and structured finance
Personal property security
Debt recovery and insolvency
Regulatory compliance

Partner with a banking and finance team that is familiar with the regulations and knows how to close your deal.

Experience

ANZ Banking Group Limited and Standard Chartered Bank: Advising on a syndicated facility of US$200 million to New Britain Palm Oil Ltd to fund the acquisition of Kula Palm Oil Limited.
ANZ PNG Ltd: Advising on club financing to Steamships Trading Co Ltd.
ANZ PNG Ltd: Advising on financing to Air Niugini to purchase two Bombadier Q400Nextgen Havilland Aircraft via sale and purchase and subsequent leaseback.
Bank of Papua New Guinea (PNG’s Central Bank): Advising on significant issues and assisting with the review and drafting of legislation for PNG’s financial industry.
Bank of South Pacific Limited and Papua New Guinea Banking Corporation: Advising on corporate facilities for large public and private sector customers, including Air Niugini, Telikom and PNG Power.
Bank of South Pacific and Credit Corporation: Advising on the merger of banking and financial institutions in PNG.
Independent Public Business Corporation of PNG: Advising the borrower on a K800 million facility, guaranteed by the state, to finance the acquisition of the existing Port Moresby Port as part of the POM Port Relocation Project.
Interoil Corporation: Advising on an amendment and restatement of a US$400 million capex facility syndicated among a number of international banks including Westpac PNG Limited, Bank of South Pacific Limited, Intesa Sanpaolo SPA, Credit Suisse AG, Société Générale, Morgan Stanley and UBS AG.
International Finance Corporation, Export Development Canada and Bank of South Pacific: Advising on the project finance provided to Digicel (PNG) Limited for the roll-out of its mobile network in PNG.
Kumul Petroleum Holdings (formerly National Petroleum Company of PNG): Advising Kumul Petroleum Holdings on their novation of the state’s equity interest in Oil Search and related liabilities to UBS of approximately AU$1 billion.
Malayan Banking Berhad: Advising on the divestment of its banking operations in PNG to the Kina Group.
Trafigura and Puma Energy Group: Acting for the borrower in two separate secured borrowing base financings - (i) for Trafigura Pte Ltd for US$225 million from the Bank of China Limited, Singapore Branch; DBS Bank Ltd, ING Bank N.V.; Société Générale, Singapore Branch; and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., Australia Branch, and (ii) for Puma Energy PNG Supply Limited for up to US$150 million from ANZ and Natixis Singapore Branches.
PNG Sustainable Development Program Ltd.: Advising on funding, together with the World Bank, for the Provincial Roads System Project.

News and Events

Recent Press Releases

Dentons advises Kina on its funding to facilitate WLTH’s acquisition of mortgage manager, Mortgage Mart of Australia

December 7, 2023

Dentons, the world's largest global firm, is pleased to announce its role in advising Papua New Guinea (PNG) headquartered Kina Securities Limited (Kina) on its funding for WLTH, a leading fintech based in Brisbane. The funding facilitated WLTH's acquisition of Mortgage Mart of Australia. Kina is a diversified financial services provider in PNG which operates under a number of divisions, one of which include Kina Bank.

Regional Capabilities

You are currently viewing Dentons' global capabilities in Banking and Finance in Papua New Guinea. To view regional capabilities please select below:

{{contact.firstName}} {{contact.lastName}} {{contact.jobTitle}}, {{location.office}} {{location.office}} {{location.telNo? location.telNoTitle+' '+location.telNo:''}} {{location.mobileNo? location.mobileNoTitle+' '+location.mobileNo:''}}
Email me

{{contact.emailMeAddress}}