AES Dominicana extends maturities at lower rates

AES Dominicana extends maturities at lower rates

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

AES Dominicana, a division of US power company AES Corp in the Dominican Republic, extended its debt profile at lower rates by selling $300 million worth of new bonds on Thursday to fund the buyback of outstanding notes, according to a source involved in the deal. AES Andrés, one of AES' subsidiaries in the country, priced the seven-year non-call three bonds at par to yield 5.7% after it had set initial price talk in the low-6% area and put guidance at 5.875%, plus or minus 12.5 basis points, th

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