November 19, 2020 |
Tierra Mojada, a division of Mexican energy company Fisterra Energy, sold $953 million worth of 20-year bonds in the international market to refinance debt, increasing the size of the deal from $920 million to meet demand, said a source involved in the transaction.
Tierra Mojada, which operates a 875 MW power plant in Guadalajara, priced the 2040 notes at par to yield 5.75%, the source said. The issuer opened the deal with initial price talk in the low 6% area before it set guidance at 5.875%, p
Mexican energy company issues $953 mln in 20-year notes to pay off debt from the Tierra Mojada plant in Guadalajara