AES Benefits from Libor Tumble

AES Benefits from Libor Tumble

Loans

AES Gener, sponsor for the Angamos mining project, says its all in cost of funding has not been adversely affected by a surge in funding costs and widening credit spreads. “Libor is down and spreads are going up,” says Tobey Collins, CFO of AES Gener in Santiago. “From an all-in cost perspective, we ended up better off,” she adds, declining to illustrate the claim with specific numbers. The company’s most recent financing is the $989m 17.5-year project loan for Angamos via BNP and RBS. A year ag

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