The team of Dong Energy, Macquarie and Swancor Industries has held a market sounding for the US$500m project financing of Stage 2 of its Formosa 1 offshore wind farm scheme at Miaoli.
Oriental Petrochemical (Taiwan) has launched a NT$16.8bn (US$559m) five-year refinancing loan through MLABs Bank of Taiwan, Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Mega International Commercial Bank.
The Taiwanese government’s policy of having at least 3,000MW of offshore wind farms in the next 10 years is continuing to attract international companies, with Copenhagen Infrastructure Partners (CIP) through the Copenhagen Infrastructure II K/S (CI II) and Copenhagen Infrastructure III K/S (CI III) funds acquiring three offshore wind sites under development.
Macquarie Korean Infrastructure Fund has lost a High Court decision in the case of its Baekyang Tunnel toll road company claiming overdue toll payments from the Busan Metropolitan Council. The High Court decision follows a similar decision in the District Court, which MKIF then appealed to the High Court.
Wynn Resorts, which owns and operates casinos and hotels in Macau, signalled that it might look to refinance its debt before the due date in its quarterly results earlier this month,
Qingdao Port International, one of the oldest operating ports in the country, is asking shareholders to approve new bond issues of Rmb2.9bn (US$400m) to refinance debt and provide for new project investments.