AES Gener division follows through with bond deal

AES Gener division follows through with bond deal

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

Empresa Eléctrica Cochrane, a division of the Chilean power utility company AES Gener, issued $430 million in 7.5-year bonds on Wednesday, following through on a deal it announced late last week.The lead bookrunner Goldman Sachs, joined by the passive bookrunners HSBC and SMBC, priced the new notes at 5.5% after opening the initial price talk in the high 5% to 6% area, according to sources involved in the deal.Cochrane had planned to issue $725 million in 16-year bonds in October last year, look

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