Citi completes financing package for Vietnam's NPT

National Power Transmission Corporation will use the $200 million loan facility for power projects in Vietnam.

Citi has completed a debt financing arrangement for National Power Transmission Corporation NPT for a total value of $200 million with a tenor of 13 years. The agreement is guaranteed by Vietnam’s Ministry of Finance and insured by the Japanese export credit agency, Nippon Export and Investment Insurance Nexi under Nexi’s overseas united loan insurance programme. Citi is the sole Nexi coordinator and joint lead arranger with the Development Bank of Japan DBJ and the Sumitomo Trust and Banking STB.

“With the strategic role of managing the entire transmission network through Vietnam, NPT has significant funding requirements to finance the development and operation of the transmission network,” said Nguyen...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222