China’s Zhejiang Energy launches $2 billion medium-term note program

By William Gullotti

Buffalo, N.Y., July 6 – Zhejiang Energy International Ltd. (A2) listed a $2 billion medium-term note program, according to an offering circular.

Notes issued under the program are benefitted by a keepwell, liquidity support and equity interest purchase undertaking deed from parent company Zhejiang Provincial Energy Group Co. Ltd. (A1).

The arrangers and dealers for the program are ICBC International and Standard Chartered Bank.

The program is expected to become effective July 7.

The company generates and distributes electric power.

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