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Canadian power sponsors may see higher pricing from non-banks
27 January 2012
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[international power]
[northland power]
[manulife]
Canadian power project developers are turning to private placements, pension fund debt and mezzanine financing to take up the slack as European project finance banks rein in lending. Private placements continue to offer fixed rate debt with tenors of 20 years or more to renewables projects, says William Sutherland, senior managing director at Manulife, at Project Finance's 3rd annual Canadian Power Finance Conference in Toronto...
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