March 2, 2020 |
Sinolam Smarter Energy, a Panamanian subsidiary of the Chinese investment firm Shanghai Gorgeous Investment Development Co, could tap the bond market to raise at least $600 million for a 425 MW power plant in Panama, according to a source close to the deal.
Jefferies will be the lead bookrunner on the bond sale, which could happen by June this year, the source said.
Sinolam has lined up roughly $900 million in investments to build the new plant, the source said.
The developer signed a 15-year co
Chinese-held developer seeks at least $600 mln in financing for a power plant