December 15, 2006
Hydroelectric generation company AES Panama is heard to be out with pricing
Hydroelectric generation company AES Panama is heard to be out with pricing of around 200bp above comparable US Treasuries for its $300 million in senior unsecured notes, according to Dow Jones. The 10-year notes carry a bullet amortization, aimed at improving the company's debt-service payments and extending the final maturity. The funds raised are to be used to pay down debt. Credit Suisse is the sole bookrunner with UBS as co-manager. The notes have a preliminary Fitch rating of BBB minus.