Chicago, Aug. 1 – Mong Duong Finance Holdings BV issued $678.5 million of 5 1/8% senior secured notes (Ba3//BB) due 2029, according to a notice.
The lead managers and bookrunners for the Rule 144A and Regulation S notes are Citigroup Global Markets Singapore Pte. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch, SMBC Nikko Capital Markets Ltd. and Standard Chartered Bank (Singapore) Ltd.
Proceeds will be used to purchase MDP’s project loan from existing lenders.
Mong Duong Finance is a finance entity created by the shareholders of AES-VCM Mong Duong Power Co. Ltd. (MDP), which owns and operates coal-fired power plants. MDP is the largest private sector power project in Vietnam.
| Issuer: | Mong Duong Finance Holdings BV
|
| Issue: | Senior secured notes
|
| Amount: | $678.5 million
|
| Maturity: | 2029
|
| Bookrunners: | Citigroup Global Markets Singapore Pte. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch, SMBC Nikko Capital Markets Ltd. and Standard Chartered Bank (Singapore) Ltd.
|
| Coupon: | 5 1/8%
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 2
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
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