💰SWF – Sovereign Wealth Fund
CDPQ Broadens Presence in Colombia, Lends $250 Million to Renewables
Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) has announced its second investment in Colombia with the provision of a US$ 250 million growth loan to Colombian renewable energy company Empresas Públicas de Medellín E.S.P. (EPM).
The loan comes as part of a US$ 1 billion credit facility made up of contributions from a consortium of global financiers led by the Inter-American Development Bank Group, a regionally-focused lending institution that provides financing to private sector development projects throughout Latin America.
GIC to Sell Maui Grand Wailea Resort to Blackstone for $1.1 Billion
Singapore’s GIC Private Limited has reportedly reached an agreement with Blackstone Group L.P. to sell its Waldorf Astoria-branded Grand Wailea resort on the Hawaiian island of Maui for US$ 1.1 billion.
If true, it would represent the second-largest transaction for a hotel in the United States behind Angbang Insurance Group Co.’s US$ 1.95 billion massive purchase of the Manhattan Waldorf Astoria from Hilton Worldwide Holdings Inc. in 2015.
South Korea Preps Ban for Cryptocurrency Trading, Still Needs Majority Vote
South Korea Justice Minister Park Sang-ki revealed the government was forming a bill to ban cryptocurrency trading. The country’s police and tax officials raided local exchanges over charges of alleged tax evasion. The bill requires a majority vote in Korea’s National Assembly.
https://www.swfinstitute.org/swf-news/swfi-first-read-january-11-2018/
Bank of Japan Cuts Back on Long-Date JGB Purchases
The Bank of Japan (BOJ) revealed its decision to cut back on its long-dated government bond purchases.
On January 9, 2018, BOJ announced it would lower its buying of Japan government bonds (JGB) with maturities of 10–25 years to 190 billion JPY.
BOJ is essentially cutting its purchases of JGBs within 10-25 years and those maturing in 25-40 years by 10 billion JPY each.
https://www.swfinstitute.org/swf-news/swfi-first-read-january-11-2018/