AES Gener Hits 60% in Tender

AES Gener Hits 60% in Tender

Chile Bonds

Chilean utility AES Gener has received acceptance from 63.2% of holders of its 2014 bonds targeted in an exchange offer that expired Thursday. Holders of $151m in the 7.50% 2014 bonds agreed to sell the bonds back for cash, and holders of $102m agreed to exchange the bonds for new 5.25% 2021 bonds. In the offer launched July 16, creditors were offered new bonds plus $150 in cash per $1,000 principal of existing bonds if they had tendered prior to July 27, and new bonds plus $110 thereafter. Inve

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