Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Maybank Starts $500 Million Private Equity Fund for Renewables

Nov. 21 (Bloomberg) -- Malayan Banking Bhd. agreed with Maybank MEACP Pte of Singapore to start a $500 million private equity fund for renewable energy in Asia, according to a statement from Maybank.

The 10-year fund will have a first tranche of $87.5 million, of which Maybank will contribute $50 million. It will invest in wind, solar, geothermal, small hydroelectric, biomass, biofuels and energy efficiency projects in the Asia-Pacific region with a focus on China, India, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, Cambodia and Laos, said Zafrul Tengku Aziz, CEO of Maybank Investment Bank.

It will comprise a $350 million fund supported by Maybank, the Asian Development Bank and the International Finance Corp. and a $150 million co-financing facility supported by the Overseas Private Investment Corp. of the U.S., according to the statement.

Link to Company News:{1411Z US <Equity> CN <GO>} Link to Company News:{MAY MK <Equity> CN <GO>} Link to Company News:{81074Z PM <Equity> CN <GO>}

To contact the editor responsible for this story: Baldave Singh at bsingh35@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.