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Power Finance prices issuance of green notes

Power Finance Corp. Ltd. priced an offering of green senior unsecured notes to raise US$400 million.

The 10-year notes carry a fixed rate coupon of 3.75%.

The company said in a Dec. 1 release that the notes were priced at 157.50 basis points over the 10-year U.S. Treasury yield. The closing is expected to take place Dec. 6.