Argentine power companies fall short in bond sale

Argentine power companies fall short in bond sale

Bonds Debt Fixed Income Argentina Capital Markets Electricity

Argentine sister power generation companies, Generación Mediterránea (GEMSA) and Central Térmica Roca, said Friday they raised a joint $44.9 million in the sale of three series of bonds in the local market, less than the $70 million maximum they had sought in the deal. The companies, which are units of the local energy group Albanesi, sold $11.5 million in two-year dollar-linked bonds denominated in US dollars at a price to pay 9.5% interest, plus another $21.1 million in two-year dollar-linked

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