AES Gener division hires banks for bond offer

AES Gener division hires banks for bond offer

Bonds Debt Corporate & Sovereign Strategy Capital Markets Fixed Income Energy Electricity Chile US

Empresa Eléctrica Cochrane, a division of the Chilean power utility company AES Gener, mandated banks on Friday for a dollar-denominated bond offering, said a source involved in the deal.Goldman Sachs is the lead bookrunner, while HSBC and SMBC are the passive bookrunners, the source said.Cochrane is expected to begin pitching the 7.5-year notes to investors on October 28, according to press reports.The company had lined up a 16-year, $725 million bond deal in October last year, looking to raise

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