AES sells bonds for Chilean subsidiary

AES sells bonds for Chilean subsidiary

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile United States Capital Markets

US energy company AES Corp priced $360 million in five-year bonds on Friday, raising money to pay off the bridge loan it used to buy a larger stake in its Chilean subsidiary, AES Andes, a source involved in the deal told LatinFinance. AES priced the new 2027 notes at par to yield 6.5% after opening the deal at the same rate, the source said. The company had planned to issue $350 million but added $10 million to fill demand, the source added. Goldman Sachs was the sole bookrunner on the bond sale

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