CGN Power breaks three-decade loan hiatus

Nuclear Plants_230px
By Pan Yue
10 Jun 2019

China General Nuclear Power Group is tapping the international loan market for a $500m deal after an absence of almost 30 years.

ANZ, Bank of China, Crédit Agricole and Industrial and Commercial Bank of China are the mandated lead arrangers and bookrunners, according to a banker close to the deal.

The facility has a tenor of five years and pays a margin of 93bp over Libor. Potential lenders committing ...

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