Waste to energy firm SAEL to float $500-m bond overseas

SAEL is raising $500M through a 7-year USD 144A Reg S senior secured green bond, arranged by Barclays, HSBC, Standard Chartered Bank, and UBS, to repay debt and expand. Supported by DFC, Norfund, and rated BB+(EXP) by Fitch. Following Continuum's $650M raise, repayments come from cash sweeps, amortisation amid strong demand, lower costs in junk dollar bonds.