AES Dominicana Funds Bond Tender

AES Dominicana Funds Bond Tender

Dominican Republic Bonds

AES Dominicana has raised $284m in new 10-year NC5 bonds to fund a buyback of more expensive debt. The first cross-border issue from a Dominican corporate in more than 3 years drew about $800m in orders, according to bankers on the sale. The B minus bond priced at par with a 9.50% coupon, the tight end of 9.50%-9.75% yield guidance. The bond traded up 2 points Friday afternoon, according to a trader. The subsidiary of US-based power company AES launched a tender last week for any and all of the

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