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Published on 6/16/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: GCL New Energy lists $511.64 million 10% senior notes due 2024

By William Gullotti

Buffalo, N.Y., June 16 – GCL New Energy Holdings Ltd. listed $511.64 million of bonds due Jan. 30, 2024, according to a Singapore Exchange notice Wednesday.

Bank of New York Mellon, London Branch was listed as the principal paying agent.

The three-year notes carry a fixed coupon of 10%.

The company is focused on solar power generation and development and located in Hong Kong.

Issuer:GCL New Energy Holdings Ltd.
Issue:Senior notes
Amount:$511,638,814
Maturity:Jan. 30, 2024
Coupon:10%
Issue date:June 16
Listing date:June 17

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