ADB, Henan Tian Lun Sign Deal to Reduce GHG Emissions in PRC by Upgrading City Gas Networks
China, April 22 -- The Asian Development Bank (ADB) signed a $125 million loan package (in yuan equivalent) with Henan Tian Lun Gas Group Limited to reduce methane leakage by rehabilitating aging gas distribution networks in five provinces of the People's Republic of China (PRC).The loan package comprises $100 million from ADB and a $25 million syndicated complementary loan with ADB as the Mandated Lead Arranger and Bookrunner. The participants in the complementary loan-a local currency cofinancing product offering tenor diversity and reducing currency risk-are Fubon Bank (China) Co., Ltd. (Beijing Branch) and Korea Development Bank (Beijing Branch). The financing will help fund the retrofit of 10 city gas networks across five provinces to ...
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