NEW YORK, June 25, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that the investment banking division of its wholly-owned subsidiary INTL FCStone Securities, Inc. successfully placed a non-recourse US $70.2 million performance bond guaranteeing the supply of capacity and energy for 20 years under a power purchase agreement with the Panamanian distribution companies Empresa de Distribución Eléctrica Metro-Oeste, S.A., Empresa de Distribución Eléctrica Chiriquí, S.A., and Elektra Noreste, S.A. The performance bond, placed with the support of the international reinsurance markets, will help facilitate the construction and operation of a 550 MW combined cycle gas turbine (CCGT) power plant that will consume natural gas as its fuel.
INTL FCStone Inc. Announces The Placement Of A US $70.2 MM Performance Bond To Support Power Purchase Agreement
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