CGN ends 30 year hiatus from offshore loans, back with $500m green offering

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By Pan Yue
13 Jun 2019

China General Nuclear Power Group has opted for a green loan for its first offshore syndication in almost 30 years. Despite tight pricing, the $500m fundraising is expected to receive a warm welcome from bank lenders who are eager to lend to a state-owned company with strong credentials, writes Pan Yue.

ANZ, Bank of China, Crédit Agricole and Industrial and Commercial Bank of China are the mandated lead arrangers and bookrunners for CGN Power’s loan, according to a banker close to the deal. Crédit Agricole is the green structural adviser, while Deloitte is providing third party green advisory.

The ...

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