MSU finances three power plants

MSU finances three power plants

Debt Project & Infrastructure Finance Bonds Capital Markets Corporate & Sovereign Strategy Energy Electricity Argentina

Argentina's MSU Energy said it has closed a $250m private placement and raised funds for three power plants in development. The placement agent Citi priced the five-year notes at 11.25% over Libor, the energy company said in a securities filing. MSU added that it will use the money to pay off short-term debt and finish the expansion projects at the General Rojo, Barker and Villa María power plants. The Buenos Aires-based energy company got a five-year, $230m loan from five lenders in July last y

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