The senior secured bonds will be issued in the name of MAXpower Group Issuer with MAXpower Group as guarantor.
Maxpower Group Issuer is a wholly owned subsidiary of MAXpower Group, which supplies power to rural areas in Myanmar and Indonesia.
The notes are expected to be rated on par with the issuer at B1/B/B. MAXpower has stable outlooks from all three rating agencies.
The proceeds will be used to repay existing credit facilities, among other uses.
Goldman Sachs, JP Morgan (B&D) and Standard Chartered Bank are joint bookrunners.