Nigeria: BoI Gets U S $1 Billion Syndicated Loan for More Lending allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
It also said the transaction marked the third major international debt syndication deal successfully concluded by BOI within the last three years.
In 2018, the bank raised the sum of $750m arranged by African Export-Import Bank (Afreximbank) which has been fully repaid, and in March this year, concluded a €1bn loan deal (Lead arranged by Afreximbank, Credit Suisse, Rand Merchant Bank and Sumitomo Mitsui Banking Corporation Europe Limited (SMBC).
It said Afreximbank and Credit Suisse acted as Co-ordinating Mandated Lead Arrangers, Underwriters, and Book runners of the transaction.
Africa Finance Corporation, First Rand (Rand Merchant Bank) and Sumitomo Mitsui Banking Corporation subsequently joined as Mandated Lead Arrangers and Book runners, while the Export-Import Bank of China joined as a Mandated Lead Arranger.
The 605MW project will supply clean power to over 650,000 Taiwanese families
30 Dec 2020 |
Chito Santiago
Global renewable energy developer Ørsted is selling a 50% stake in Greater Changhua 1 offshore wind farm in Taiwan to a consortium comprising of Caisse de dépôt et placement du Québec (CDPQ) and local investor Cathay PE for about NT$75 billion (US$2.67 billion).
Ørsted will retain a 50% share in the project, which will be financed by its corporate balance sheet and will deliver the long-term operations and maintenance (O&M) services to the project. The 605-megawatt (MW) wind farm is part of the 900MW Greater Changhua 1 & 2a offshore wind farms, which Ørsted is currently constructing and expects to be completed in 2022. Majority of the deal proceeds will be used to pay for the engineering, procurement and construction (EPC) services for the project.
Innergex Renewable Energy has announced the closing construction financing and tax equity commitments for its 225MW Griffin Trail project in north-west Texas.
The US$276.2m (€221.59m) financing has been arranged with Sumitomo Mitsui Banking Corporation acting as coordinating lead arranger. CIBC acted as joint lead arranger, backed by a US$171.4m (€137.53m) tax equity commitment from Wells Fargo to be provided upon the commercial operation date.
Innergex president and chief executive Michel Letellier said: It was only a few months ago, when the US Production Tax Credits deadlines were extended, that we knew we were in a strong position to bring Griffin Trail forward, and we have since made rapid progress on development and construction.
Global Letter of Credit Confirmation Market Report - Impact Of Covid-19 And Benchmarking comunicati.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comunicati.net Daily Mail and Mail on Sunday newspapers.