June 27, 2019 |
Ergon Perú intends to sell $219m in green bonds next month to refinance a loan and install solar panels in around 200,000 rural homes, general manager David Orosco told LatinFinance.
"We don't have a set date yet, but we hope to do the bond by July 15," he said, adding that the company will replace a 12-year loan with 15-year notes.
SMBC took Ergon on a roadshow to meet US investors last week, Orosco said. He did not name the underwriters on the upcoming bond sale, but he said Ergon is working
Peruvian power supplier will use the money to pay off a loan and install solar panels in off-grid rural areas