NH Investment & Securities and KEB Hana Bank made an investment of US$70 million in power plants in the outskirts of Chicago. A month ago, NH had made another investment in a U.S. power plant called Cricket Valley Energy Center in the State of New York.
According to industry sources on February 9, NH Investment & Securities and KEB Hana Bank each signed an investment deal to extend a loan of $35 million for three power plants in Aurora and Rockford in Illinois. With a seven-year maturity, the loan is expected to generate an yield of 4.5-4.7 percent per annum.
This investment is made with an American power company LS Power Associates which raised a fund of $300 million. A group of globally famous financial companies, including ING Capital ($30 million), GE Capital ($33 million), Montreal Bank ($25 million), BNP Paribas ($15 million), and Mitsubishi UFJ Financial Group ($15 million) participated in the deal.
LS Power Associates plans to use the proceeds to pay back the money it borrowed to acquire the Aurora and Rockford power plants.
South Korea’s Government Employees Pension Service (GEPS) will select two global private debt fund managers employing opportunistic strategies to invest up to $160 million in a range of debts and fixed-income securities, according to the pension fund. GEPS will commit&hellip
About 300 firms from 20 countries, including the United States and China, will take part in the Cityscape Korea 2017, set for August 17 to 19, 2017 in Seoul, where 400-plus new real estate projects will be on display. Under&hellip
Hyundai Marine & Fire Insurance Co. Ltd., South Korea’s second-largest non-life insurer by assets, is considering investing in one or two additional buyout funds this year after committing $90 million to two overseas buyout funds, and it is studying makig co-investments in overseas companies around&hellip