Home / Daily Briefs / 2022 / 8 / Innergex refinances debt in Chile

Innergex refinances debt in Chile

Innergex refinances debt in Chile

August 8, 2022
Canadian renewable energy company issues $710 mln in 14-year green bonds and takes out a $93 mln loan to pay off debt

Bonds Debt Fixed Income Loans Capital Markets ESG Green Bonds Green Finance Hydro Renewable Energy Wind Hydro Solar Chile Canada

Canada's Innergex Renewable Energy said Friday that it refinanced $803 million in debt in Chile at "more favorable terms" by issuing $710 million in 2036 green bonds and getting a letter of credit for $93.1 million. "A core group of global institutional investors participated in the transaction, which saw strong demand and was significantly oversubscribed," Innergex said in a press release, adding that bonds priced at "competitive levels." Innergex will use $176 million to refinance three Aela w

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial