for its 10.2 MWp Aomori-Misawa Solar Power Plant in Rokunohe-cho, Kamikita-gun, Aomori Prefecture, Japan
finance.yahoo.com/news/inplay-briefing-com-055139997.html#csiq
Canadian Solar Issues JPY3.0 Billion Solar Project Bond in Japan
finance.yahoo.com/news/...n-solar-issues-jpy3-0-120000486.html
today announced that it has entered into a financing agreement, pursuant to which, Goldman Sachs Japan Co., Ltd. has agreed to arrange a JPY3.0 billion ($26.0 million) project finance bond for Canadian Solar's 10.2 MWp Aomori-Misawa Solar Power Plant in Rokunohe-cho, Kamikita-gun, Aomori Prefecture, Japan.
The non-recourse bond, which is backed by the project assets, has a maturity of 20 years, including a 2-year grace period, and a fixed coupon rate of 1.4%. Goldman Sachs Japan Co., Ltd. acted as the bond arranger and Shinsei Trust and Banking Co., Ltd. as the lender. The 10.2 MWp Aomori-Misawa Solar Power Plant received an investment grade rating of "A" from Japan Credit Rating Agency, Ltd. The project is expected to reach commercial operation in December, 2016.