Deals this week: Statnett, Huaneng Power International, NTPC

24 August 2017 (Last Updated August 24th, 2017 18:30)

Power transmission and distribution company Statnett has raised NOK1bn ($126.42m) through a private placement of 2.65% bonds due 13 September 2029.

Statnett has raised Nkr1bn ($126.42m) through a private placement of 2.65% bonds due 13 September 2029.

The company engaged Skandinaviska Enskilda Banken (SEB) as book running manager for the offering.

Huaneng Power International has issued 3.96% super short-term debentures due 21 October 2017 in a public offering to raise CNY4bn ($599.76m).

Huaneng Power is engaged in power generation. It proposes to use the proceeds raised for working capital and to repay debts.

China CITIC Bank Corporation was engaged as the lead underwriter for the offering.

NTPC intends to raise Rs150bn ($2.34bn) through a private placement of secured / unsecured, redeemable, taxable / tax-free, cumulative / non-cumulative, and non-convertible debentures.

"Glennmont Partners has received project financing of £150m ($193m) from Deutsche Bank."

The bonds are proposed to be issued in tranches or series not exceeding 30 and proceeds will be used for capital expenditure, working capital, and other general requirements.

Based in India, NTPC is engaged in power generation.

Glennmont Partners has received project financing of £150m ($193m) from Deutsche Bank.

The financing will be used to repay existing project financing on the 38.5MW Sleaford Biomass plant in Lincolnshire, UK.

EREN Renewable Energy and Access Power have received project financing of $116m for the construction and development of Benban solar photovoltaic (PV) plants I and II in Aswan, Egypt.

The European Bank for Reconstruction and Development (EBRD) and Proparco provided financing for the PV plants, which have a combined installed capacity of 100MW.

EREN Renewable Energy is engaged in renewable energy generation, while Access Power operates and develops power assets.