Castle Peak back with energy transition bond

By Morgan Davis
18 Jun 2020

Hong Kong power generator Castle Peak Power Co took the nascent transition bond market a step further this week, selling a $350m deal that showed the potential for the sector. Morgan Davis reports.

Castle Peak sold the world’s first energy transition bond in 2017, at a time when the market had little understanding of such transactions. But things have changed since.

“In these last three years, we have seen the mindset change,” said a banker who worked on its new transaction. “Before, ...

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