Citi has completed a debt financing arrangement for National Power Transmission Corporation NPT for a total value of $200 million with a tenor of 13 years. The agreement is guaranteed by Vietnam’s Ministry of Finance and insured by the Japanese export credit agency, Nippon Export and Investment Insurance Nexi under Nexi’s overseas united loan insurance programme. Citi is the sole Nexi coordinator and joint lead arranger with the Development Bank of Japan DBJ and the Sumitomo Trust and Banking STB.
“With the strategic role of managing the entire transmission network through Vietnam, NPT has significant funding requirements to finance the development and operation of the transmission network,” said Nguyen...
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