EGE Itabo sells dollar bonds at home

EGE Itabo sells dollar bonds at home

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

Empresa Generadora de Electricidad Itabo (EGE Itabo), a power generation company in the Dominican Republic, issued $40 million worth of dollar-denominated bonds in the local market on Wednesday, raising money to pay off bank loans, according to information from the BVRD stock exchange in Santo Domingo. EGE Itabo priced the new 10-year notes at a fixed rate of 5.65% with Inversiones Popular as the sole structuring agent, the BVRD said. The Santo Domingo-based power company plans to use the procee

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