Mong Duong Finance

Mong Duong 2 Refinancing

Borrower (s)
Mong Duong Finance
Industry
Power/Coal-fired
Area of finance
Project & Infrastructure Finance
Country
Vietnam

Deal Overview

Mong Duong Finance will use the proceeds from both the loan and bond to refinance the outstanding amount from an 18-year $1.462 billion debt facility (link) raised in 2011 to fund the development of the 1120MW Mong Duong 2 power project. The project has been operational since 2015. Vietnam...

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Mong Duong Finance will use the proceeds from both the loan and bond to refinance the outstanding amount from an 18-year $1.462 billion debt facility (link) raised in 2011 to fund the development of the 1120MW Mong Duong 2 power project. The project has been operational since 2015. Vietnam Electricity (EVN) is sole offtaker under a 25-year, availability-based, fixed-price power purchase agreement (PPA) that expires in 2040.

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Deal Volume
$ 1.16bn
Financial Close
20 September 2019
Sources
Submitted by participant(s), Proximo article

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Tranches


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Projects

Mong Duong 2

Greenfield
Coal-fired
Vietnam
$ 2.1bn