AES DR subsidiary raises debt

AES DR subsidiary raises debt

Caribbean Dominican Republic Bonds

Dominican Power Partners (DPP) has raised the equivalent of $150m in 2027 local currency bonds to refinance part of a syndicated loan it got in October 2014. DPP, the Dominican Republic subsidiary of US power firm AES Corp, priced three 6.25% $50m tranches at par, according to two sources familiar with the deal. The bookrunner Banco Popular tightened pricing from the mid 6% area. The company filed a $300m debt shelf with the Dominican Republic’s securities regulator, leaving room for more bond s

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial