LAP secures long-term wind funds

LAP secures long-term wind funds

Project & Infrastructure Finance Chile Bonds Corporate & Sovereign Strategy

Latin America Power (LAP) has printed $412m in 5.35% bonds through a 15.5-year private placement, a statement from the company showed.Jefferies and SMBC worked on the trade, according to Ana Padilla Alaman, an analyst at S&P Global Ratings' infrastructure division.The Chilean renewables firm will use proceeds to refinance debt related to the 46 MW Totoral wind farm and 184.4 MW San Juan facility. There are 23 offtakers for both wind farms collectively, Padilla also said. The majority of

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