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.
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city for around 50 billion won ($44 million), with a view to reselling part of its&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip
Korea Scientists and Engineers Mutual-aid Association (SEMA) has decided to make its first allocation to global private debt funds by committing $30 million to each of Golub Capital and Ares Management, and is considering committing an additional capital to European&hellip