AES Andes puts up cash for bond buyback

AES Andes puts up cash for bond buyback

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

AES Andes, the Chilean subsidiary of US power company AES Corp, has put up cash to repurchase as much as $200 million out of $390 million worth of 6.35% 2079 bonds, it said in a press release. AES Andes has offered to pay $890 for every $1,000 in principal, including a $30 premium until the early deadline on December 6. After that, it will pay $860 through the final deadline on December 20, it said in a press release on Tuesday. Bank of America is the sole dealer manager on the buyback, it added

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