EGE Haina refinances local debt in international bond market

EGE Haina refinances local debt in international bond market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Dominican Republic Energy Electricity

Dominican power company Empresa Generadora de Electricidad Haina (EGE Haina) priced $300 million worth of seven-year bonds on Monday, raising money to pay off debt in its first international debt sale since 2007, sources told LatinFinance. EGE Haina did not both with initial price talk or guidance. Rather, it set the yield at 5.75% "from the outset," said a source involved in the deal. The new notes carried a coupon of 5.625% and priced at 99.288 to yield 5.75%, the source added. Citi, JPMorgan

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