Argentine power generators line up bond sale

Argentine power generators line up bond sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Latin America South America Argentina Electricity

The Argentine power generation companies Generación Mediterranea and Central Térmica Roca said Thursday that they plan to raise up to $40 million in the joint sale of two series of bonds on the local market to refinance debts. The companies will hold the auction on March 9, according to a securities filing. Both of the two-year bonds can be purchased in pesos and will pay fixed rates of interest to be determined at the auction. One will be a dollar-linked note, which is bought and paid back in p

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