Deutsche Bank provides USD43 million structured trade finance facility to CNTIC for electricity generation project in rural Myanmar

Deutsche Bank (China) Co., Ltd today announced that it has provided a USD43 million Account Receivable Purchase facility to China National Technical Import & Export Corporation ('CNTIC') for the construction of a gas-fired power generation project in Myanmar. Backed by China Export & Credit Insurance Corporation, the mid-tenor facility is supporting a 90 megawatt plant located in Myingyan township, in the Mandalay region. The power plant is developed and operated by Hong Kong-based VPower…

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Source: WebWire
Deutsche Bank provides USD43 million structured trade finance facility to CNTIC for electricity generation project in rural Myanmar