The loan will be fully allocated to EDP Renewables’ Asia-Pacific business (EDPR APAC), headquartered in Singapore and formerly known as EDPR Sunseap. EDP is a Portuguese electric utilities company headquartered in Lisbon. EDPR acquired a 91% stake in solar power company Sunseap in November 2021; the $1.1 billion deal was completed in February 2022.
Multinational energy company EDP and EDP Finance BV have signed a five-year $1 billion green loan facility with DBS Bank (SGX:D05
) , Oversea-Chinese Banking Corporation (OCBC) (SGX:O39) , United Overseas Bank (UOB) (SGX:U11) and Mitsubishi UFJ Financial Group (MUFG), the company announced on April 18.
The loan facility was arranged by EDP, with DBS Bank as coordinator. All four banks are bookrunners and mandated lead arrangers, and MUFG is also facility agent for the loan.
