AES Dominicana ties up notes in buyback

AES Dominicana ties up notes in buyback

Bonds Debt Fixed Income Capital Markets Dominican Republic Caribbean Mexico Brazil United Kingdom Energy Electricity Gas

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial