Argentine power generator maxes out bond sale

Argentine power generator maxes out bond sale

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

Argentine power generation company Generación Mediterránea said late Wednesday that it maxed out a bond sale in the local market, bringing in $130 million from the sale of two notes in a latest sign of the strong demand for corporate debt. The company, a unit of local energy group Albanesi, said it sold $98.8 million in eight-year dollar-linked bonds paying 7.75% over currency depreciation and $31.2 million in five-year inflation-linked notes paying a 6.5% margin over UVA, a unit of account adju

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