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Panda Power financing seen as breakthrough

A new electricity plant planned for Temple (the Star-Telegram's report is here) is more than just good news for the state's capacity-strapped power grid. Market observers say Panda's success selling $330 million in high-yield bonds represents a big step for U.S. banks trying to revive investor interest in new project financing. According to Reuters,it's "the first term loan financing to carry construction risk since a Missouri-based coal plant called Plum Point received financing in 2006."

The Reuters story is here.

-- Jim Fuquay


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fantastic ,this good informations thanks and waiting your new

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