EDP EDP SA

LISBON--Portuguese energy company Energias de Portugal SA (EDP.LB) said Thursday that it secured a 1 billion euro ($1.21 billion) loan from China Development Bank Corp.

The loan has a five-year maturity and is priced at 480 basis points over the six-month Euribor rate, the company said.

The deal is part of a strategic partnership signed between EDP and Chinese government-controlled China Three Gorges Corp. in December last year, when the Chinese company won the bidding for a 21% stake in EDP.

The Portuguese government sold the stake to Three Gorges as part of a privatization program under a EUR78 billion bailout program.

Contributed by Carla Canivete of Webtexto to Dow Jones Newswires; djmadrid@dowjones.com

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