SMC Global Power Holdings, a power generation subsidiary of San Miguel Corp., has filed a registration statement with Securities and Exchange Commission (Philippines) to raise up to PHP15bn ($324.34m) in a public offering of bonds.
The bonds will be issued in minimum denominations of PHP50,000 ($1,081.20) each and in multiples of PHP10,000 ($216.24) thereafter, at five, seven and ten-year tenors, at fixed-rates.
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The company also plans to list these bonds on the Philippine Dealing & Exchange Inc.
Net proceeds from the offering will be used to refinance the company’s short-term loan and for general corporate purposes.
Atlantis Resources Limited, a tidal power developer based in Singapore, has announced that it has raised approximately £6.54m ($9.38m) through the private placement of 11,888,460 of new ordinary shares at a price of 55 pence (78 cents) per share.
Net proceeds from the equity offering will be used by the company to offer financial support to its existing and planned projects.
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By GlobalDataGonghe Xinte Photovoltaic Power Generation, a subsidiary of SPI Energy, has completed lease financing of CNY140m ($21.61m) to support the construction and development of the 20MW Gonghe Xinte solar power project in China.
China Kangfu International Leasing has provided the finance for a period of ten years.
Both the involved parties will leverage their strengths and work together to promote clean renewable energy projects in China.
Emerging Power, a portable power solutions provider based in the US, will raise PHP660m ($14.27m) through a private placement, which will be subscribed to by Nickel Asia Corporation.
Nickel Asia has also agreed to provide a loan facility of PHP1.5bn ($32.43m) with a three-year term.
Net proceeds from the offering will be used for development of the first phase of a geothermal power plant owned by Emerging Power’s subsidiary, Biliran Geothermal.
Vortex Energy Investments has announced that it will acquire 49% stake in a portfolio of onshore wind assets wholly owned by EDP Renewables Europe, a subsidiary of EDP Renovaveis, for a consideration of €550m ($621.56m).
The assets under the deal, with a combined installed capacity of 664MW, are located in Spain, Portugal, Belgium and France.
The transaction implies a deal value of $1.91m per megawatt and will be completed in the second quarter of 2016, subject to regulatory and other precedent conditions.
Image: Vortex Energy will acquire 49% stake in onshore wind assets of EDP Renewables Europe. Photo: courtesy of Shatabisha/Wikepedia.
