A consortium of Vinci Airports, Orix Corporation and Kansai Airports has been selected as preferred bidder for the Kobe airport in Japan.
The Korea Development Bank (KDB) will invest about US$130m in the Haikou International Airport Expansion Project in Hainan Province, China, one of China’s “One Belt, One Road” projects.
Shinsei Bank has arranged a US$10m project financing for AMP Solar Group Japan to acquire a 14.7MW large-scale solar power plant already operating in Fukushima City, Fukushima Prefecture.
Zhejiang Energy International, a Hong Kong-incorporated unit of Zhejiang Provincial Energy Group, is making its debut in the offshore loan market with a US$300m three-year term loan. ANZ and Standard Chartered (Hong Kong) have won the mandate on the bullet loan, which pays an interest margin of 80bp over Libor.
Castle Peak Power, the owner of Hong Kong’s largest coal-fired power station, has issued US$500m of 10-year bonds at Treasuries plus 102.5bp. The coupon is 3.25%.
China has experienced a mini-boom in solar project developments as developers have rushed to implement projects ahead of feed-in tariff changes that came into force in July. During the first six months of the year about 24.4GW was installed, with 13.5GW installed in June alone.