May 13, 2019 |
China Three Gorges could sell bonds to refinance the $850m bridge loan it got to pay for the acquisition of the Chaglla hydroelectric power plant in Peru, LatinFinance has heard.
BBVA, Bank of China and ICBC supplied the non-recourse loan after the state-owned power company closed a deal to buy Chaglla from Brazil's Odebrecht on April 25, said a source close to the deal.
The same banks could participate in an upcoming bond sale to refinance the loan. China Three Gorges would issue the bonds th
Chinese power company got an $850m bridge for the acquisition last month