August 11, 2020 |
AES Panama Generation Holdings, a division of the US power company AES Corp, sold $1.38 billion worth of 10-year bonds on Monday in a transaction that was close to four times oversubscribed, according to sources involved in the deal.
The company sold the new 4.376% 2030 bonds close to par to yield 4.375%, or 380.4 basis points over US Treasury notes, the sources said.
AES Panama Generation started with initial price talk in the 5% area, before it set guidance at 4.5%, plus or minus 12.5 basis p
Power company raises $1.38 bln to refinance debt from three operating units in the Central American country