AES subsidiary sells 20-year bonds in Chile

AES subsidiary sells 20-year bonds in Chile

Bonds Debt Loans Electricity Chile Latin America

Empresa Eléctrica Cochrane, a division of the Chilean power utility company AES Gener, said it has raised $485 million in the sale of 20-year, dollar-denominated bonds. The Santiago-based company said it will use the proceeds of the 6.25% bonds to pay off a $445 million syndicated loan from undisclosed banks and insurance companies that it took out in October 2019, according to a securities filing from Wednesday. The rest of the process will be used for working capital, it added. In October 2019

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