JPMorgan's development finance arm structures first deal

JPMorgan's 's development finance institution has structured its first deal, a $250 million (194 million pounds) five-year green bond for a power firm in Georgia, as it targets $100 billion for development projects annually, executives say.The deal for Georgia Global Utilities, to be settled on Thursday, is the first where that arm of the bank has been named development finance structuring agent.Adding developmental finance and green funding to the deal, meaning capital is raised to support econ