By Marisa Wong
Los Angeles, June 22 – Castle Peak Power Finance Co. Ltd. priced $350 million of 2.2% notes due 2030 (A1/AA-) guaranteed by Castle Peak Power Co. Ltd., according to a notice.
The notes will be issued under the company’s $2 billion medium-term note program.
Australia and New Zealand Banking Group Ltd., BNP Paribas, Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd. and Standard Chartered Bank (Hong Kong) Ltd. are the joint lead managers.
The coal-fired power generation and distribution company is based in Hong Kong.
| Issuer: | Castle Peak Power Finance Co. Ltd.
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| Guarantor: | Castle Peak Power Co. Ltd.
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| Issue: | Notes
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| Amount: | $350 million
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| Maturity: | 2030
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| Managers: | Australia and New Zealand Banking Group Ltd., BNP Paribas, Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd. and Standard Chartered Bank (Hong Kong) Ltd.
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| Coupon: | 2.2%
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| Pricing date: | June 15
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| Listing date: | June 23
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| Listing: | Stock Exchange of Hong Kong Ltd.
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| Ratings: | Moody’s: A1
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| S&P: AA-
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