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.
Singapore’s Ascendas-Singbridge Group closed the acquisition of a newly-built office building in Seoul for S$124.3 million ($92.3 million) this week, in what appears to be an opportunistic investment. Ascendas sees long-term potential in the 19,578-square-meter ICON Yeoksam tower, built in&hellip
The Military Mutual Aid Association, the Employment Insurance Fund and an unidentified South Korean institutional investor have committed a total of $110 million to LaSalle Investment Management’s 804 million-pound ($1 billion) debt fund focusing on the UK and western Europe.&hellip
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip