MSU raises $250 mln in latest bond sale

MSU raises $250 mln in latest bond sale

Bonds Debt Capital Markets Fixed Income Energy Electricity Argentina Latin America

Argentina's MSU Energy said it sold $250 million in dollar-denominated bonds, falling just short of plans to issue up to $265 million in the deal. The four-year bonds mature in February 2024 and pay a spread that goes from 1,195 basis points over Libor in the first year to 1,250 basis points in the second year and 1,300 in the last two years, MSU said in a securities filing. MSU, which operates three gas-fired power plants and has another under construction, said it will use the proceeds to add

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