POWER: MVM Secures €1.2bn Loan for 1GW Hydrogen-Ready CCGT Plant
Dec-05 13:07
Hungarian utility MVM has secured a €1.2bn syndicated loan to build a 1GW CCGT power plant at its Tiszaujvaros, Hungary site, it said.
- Plant will be partially hydrogen-capable, highly efficient, and feature low carbon dioxide intensity, MVM noted.
- The exact commissioning of the project was not provided.
- The load agreement covers 16 years.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
STIR: Repo Reference Rates
Nov-05 13:05
- Secured Overnight Financing Rate (SOFR): 4.00% (-0.13), volume: $3.147T
- Broad General Collateral Rate (BGCR): 3.98% (-0.11), volume: $1.183T
- Tri-Party General Collateral Rate (TCR): 3.98% (-0.11), volume: $1.156T
- (rate, volume levels reflect prior session)
PIPELINE: Corporate Bond Roundup: KEPCO, Santos Finance on Tap
Nov-05 13:03
- Date $MM Issuer (Priced *, Launch #)
- 11/05 $Benchmark KEPCO 3Y SOFR+62, 5Y +47
- 11/05 $Benchmark Santos Finance 10Y +195a
- $5.7B Priced Tuesday
EUROPEAN INFLATION: PPI ex-Energy Continues To Hover Around 1.0% Y/Y Handle
Nov-05 13:01
Eurozone PPI inflation was as expected in September, at -0.2% Y/Y after August's -0.6% was the first negative Y/Y rate since last November.
- Energy deflation tapered off a little to -2.4% Y/Y (-4.1% August).
- This left PPI ex-energy little changed vs August, at 0.9% Y/Y, having hovered around the 1.0% handle for six months now.
- None of the underlying non-energy categories saw a directional jump in September, with the largest deviation vs August seen in Intermediate goods, printing 0.1% Y/Y (0.3% prior). Capital goods, durable consumer goods and non-durable consumer goods all remained within 0.1pp of their August prints, at 1.8%, 1.6% and 1.9% (all Y/Y), respectively.
- Analysts generally expect little pipeline pressures in HICP core goods ahead, leaving energy developments as one of the main potential directional drivers of Eurozone PPI in the coming months.
