GEMSA maxes out bond sale

GEMSA maxes out bond sale

Bonds Debt Fixed Income Capital Markets Electricity Gas Argentina

Argentine power generation company Generación Mediterránea (GEMSA) said it maxed out a bond sale this week, raising $125 million in three series of notes in the local market. The company, a unit of local energy group Albanesi, saw the brunt of the demand come in for a 10-year dollar-linked note, selling $85.7 million worth of them at 6.5% over currency depreciation, according to a securities filing. The other dollar-linked note, which are bought and paid back in pesos at the official wholesale e

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