> US utility ConEd are in the process of placing $220m of senior secured fixed-rate notes, similar to covered bonds, in the 4(2) Private Placement market. Proceeds refinance 110MW of US solar projects.
An Indonesian energy company, which operates one of the largest geothermal plants in Indonesia, announced today that it has raised $350m from selling 7 year dollar-denominated bonds at an interest rate of 6.125%. The bond was apparently 11 times oversubscribed! Amazing.
We’re beginning to see some friendly competition emerging among US States around Green Banks. New York Governor Cuomo a few weeks ago announced the setting up of a new Green Bank.
(Apologies for the double post. This is the correct one)
1. The total size of the global debt securities market is (drum roll): $78 trillion … not the previously reported $100 trillion
If you’re thinking that figure looks odd, you’re right, this is some $20 trillion less than last reported – but it’s just change in counting methodology, not some sort of calamitous drop in the bond market.
