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.
The National Pension Service (NPS) has begun running an emergency inspection system for its investment management department with the appointment of acting chief investment officer and global alternative investment head, the South Korean pension fund said on July 25. In-Sik&hellip
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip