Luz de Tres Picos comes up short in bond sale

Luz de Tres Picos comes up short in bond sale

Bonds Debt Fixed Income Capital Markets Green Bonds Wind Electricity Wind Argentina

Argentine wind farm operator Luz de Tres Picos said it raised $77.5 million in the sale of two series of US dollar-linked green bonds in the local market, coming up short of the $90 million maximum it had sought to finance the construction of two wind parks. The company, a unit of the Argentine energy and cement company Petroquímica Comodoro Rivadavia (PCR), said it maxed out the sale of $15 million worth of three-year bonds, selling them at a price to pay 0% over currency depreciation, accordin

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