Copenhagen Infrastructure Partners nears close for Taiwanese offshore debt

03 February 2020 - 12:00 am UTC

Copenhagen Infrastructure Partners is nearing financial close on the TWD 90bn (USD 3bn) financing of its 600 MW Changfang and Xidao wind projects in Taiwan, according to bankers.

One of them said that signing took place a few weeks ago.

J.P. Morgan, Societe Generale, Credit Agricole, Natixis, DBS Bank, OCBC, Deutsche Bank, MUFG, Mizuho and Sumitomo Mitsui Banking Corp. are among those in the banking group, according to the sources.

They could not immediately say which local banks were involved, but CTBC is advising on the debt financing alongside MUFG Bank.

CIP was understood to be talking to EKF of Denmark, Hermes of Germany, Atradius of the Netherlands and the Japan Bank for International Cooperation to provide export credit agency debt, sources said.

In mid-January, CIP announced  that its Copenhagen Infrastructure II & III funds were selling minority stakes in the Changfang and Xidao projects to Taiwan Life and TransGlobe Life.

Taiwan Life, which is owned by CTBC, could invest up to TWD2.5bn, pending regulatory approval, SparkSpread has previously reported.

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