May 4, 2021
AES Dominicana, a division of US power company AES Corp in the Dominican Republic, said bondholders tendered $219 million out of $270 million in outstanding 2026 bonds by the early-bird deadline on April 30.
AES agreed to repurchase the notes, using the proceeds from a $300 million bond sale on April 29 to pay $1,039.75 for every $1,000 in principal, it said in a statement. The new 2028 bonds priced with a coupon of 5.7%, compared to 7.95% for the 2026 notes.
Citi, JPMorgan and Scotiabank were t
Mexico's Metalsa and Brazil's Minerva also repurchase outstanding bonds to lower funding costs