"China Everbright" "Asian Development Bank" "syndicated loan" "Chen Xiaoping" "Hisaka Kimura" "Hang Seng" "Mizuho" "

China Everbright signs loan for waste-to-energy plants

Asian Development Bank and a consortium of six commercial lenders provide China Everbright with another $100 million to convert trash into energy.
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Photo: AFP
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China Everbright International signed an agreement yesterday with the Asian Development Bank ADB and six commercial banks to borrow $100 million. The cash will be used to finance a series of new waste-to-energy WTE plants using clean technology across several second-tier Chinese cities.

The $100 million B-loan will be provided by Mizuho Corporate Bank and Hang Seng Bank, which are joint-leaders of the consortium, three Taiwanese lenders Bank of Kaohsiung, Cathay United Bank, Chang Hwa Commercial Bank and Export Development Canada, with ADB as the lender of record. All the participating banks will share the benefits of ADB’s preferred creditor status.

It was the first syndicated...

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