By Marisa Wong
Los Angeles, March 3 – Castle Peak Power Finance Co. Ltd. priced $300 million of 2 1/8% notes due 2031 (AA-) guaranteed by Castle Peak Power Co. Ltd., according to a notice.
The notes were issued under the company’s $2 billion medium-term note program.
Australia and New Zealand Banking Group Ltd., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd. and Mizuho Securities Asia 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: | Medium-term notes
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| Amount: | $300 million
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| Maturity: | 2031
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| Managers: | Australia and New Zealand Banking Group Ltd., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd. and Mizuho Securities Asia Ltd.
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| Coupon: | 2 1/8%
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| Pricing date: | Feb. 24
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| Listing date: | March 4
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| Listing: | Stock Exchange of Hong Kong Ltd.
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| Rating: | S&P: AA-
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