KST refinances thermoelectric plant in Mexico

KST refinances thermoelectric plant in Mexico

Bonds Debt Capital Markets Fixed Income Project & Infrastructure Finance Energy Electricity Mexico Asia

KST Electric Power Company has refinanced debt from the Norte II thermoelectric power plant in Mexico with the proceeds from a $401 million private placement backed the Export-Import Bank of Korea, according to one of the law firms in the deal. Crédit Agricole was the placement agent, pricing $250 million in covered 2037 notes at 3.3% and $151 million in uncovered 2037 notes at 5.7%, Clifford Chance said in a press release. The Korea Exim Bank provided the guarantee for the covered notes, while

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