April 27, 2021 |
AES Andrés, a subsidiary of US power company AES Corp in the Dominican Republic, started pitching new bonds to investors on Monday, looking to raise money to fund the buyback of outstanding 2026 notes, said a source involved in the deal.
With Citi, JPMorgan and Scotiabank as joint bookrunners, the company is looking to make a benchmark-sized issue of dollar-denominated bonds of intermediate maturity, the source said.
The US company's two subsidiaries in the Dominican Republic, Andrés and Dominic
AES Andrés plans a benchmark-sized issue to fund the buyback of up to $270 mln in 2026 notes