CLP Holdings Unit Establishes $2 Billion Medium Term Note Program

MT Newswires Live

Jun 02

CLP Holdings (HKG:0002) special purpose vehicle Castle Peak Power Finance Co. has established a $2 billion Medium Term Note Program, according to its Hong Kong Stock Exchange filing on May 29.

These notes are unconditionally and irrevocably guaranteed by Castle Peak Power Co.

An application has been made to the Hong Kong Stock Exchange for the listing of this program, which is solely arranged by The Hong Kong and Shanghai Banking Corp.

The notes are specifically intended for issuance as debt to professional investors and not deemed appropriate for retail investors in Hong Kong.

The net proceeds of the issuance, which are yet to be determined, will be utilized for general corporate purposes and climate change projects.

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