ETESA revises bond plans

ETESA revises bond plans

Bonds Debt Capital Markets Corporate & Sovereign Strategy Panama Central America

ETESA is expected to issue $700m in bonds in the second half of the year, becoming the second corporate issuer from Panama to tap international investors in 2019, LatinFinance has heard. The state-owned power company said in March that it planned to sell $500m in bonds in the first half of the year after it received board approval in March to issue up to $750m in international notes in 2019. ETESA increased the size of the offer after it received investment grade ratings from Moody's and Fitch,

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