May 5, 2016 |
AES' subsidiaries in the Dominican Republic – AES Andres and Empresa Generadora de Electricidad Itabo – have completed a
two-part Rule 144A/Reg S cross-border bond sale, sources told LatinFinance. The combined sale, through -/B+/B+ rated AES Dominicana,
raised $370m from the sale of two 10-year non-call five bonds that priced at 97.984 with a
7.95% coupon to yield 8.25%, one banker said.Bookrunners Citi and Credit Suisse tightened the yield on the
deal after early guidance was set at 8.25% to 8.
US power company’s Dominican subsidiary raises $370m in a two-tranche deal