AES Whispers Low 7%

AES Whispers Low 7%

El Salvador Bonds

AES El Salvador Trust is out with low-7% whispers on a new bond pricing as soon as today, as it seeks to replace its 6.75% 2016 bonds being targeted in cash tender. A new $310m 2023 is expected, according to rating agency reports. At 7%, the deal is expected to offer investors a premium over the sovereign’s 2025 bonds, trading to yield at 5.25%, according to a person following with the sale. In the cash tender, the issuing entity for four AES-owned electricity distribution companies is offering

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