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SPCG’s Thai Solar Power Unit Signs Baht Project Finance Facility

Solar Power Khon Kaen 1 Co., a unit of Thailand’s SPCG Pcl, signed a 455 million baht project finance loan which matures in November 2020, according to data compiled by Bloomberg.

Kasikornbank Pcl (KBANK) arranged the amortizing facility in which two other Thai banks participated, the data show. An amortizing loan is a loan where the principal of the loan is paid down over the life of the facility, according to some amortization schedule, typically through equal payments.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net

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