April 8, 2019 |
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
Panama's state-owned power company could increase offer to $700m with new investment grade ratings