HSBC Lining Up State-Backed Loans for UK Sizewell Nuclear Plant
- HSBC is gauging investor interest for the ECA-backed facility
- A final investment decision on Sizewell C is due by year end
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HSBC Holdings Plc is in talks with investment funds about loans to help to finance the construction of the UK’s Sizewell C nuclear plant, as the government steps up efforts to get a key energy project off the drawing board this year.
The bank is in discussions with funds to provide the debt that would be guaranteed by the country’s export finance agency, according to people familiar with the matter. That would help Sizewell offset risks of financing a long-term project, while securing cheaper capital, the people said, asking not to be identified as the negotiations are private.