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Edesa maxes out local bond sale

Edesa maxes out local bond sale

May 23, 2023 | Charles Newbery
Argentine electricity distributor picks up $30 mln to pay off a maturing bond and cover investments

Corporate & Sovereign Strategy Bonds Debt Fixed Income Electricity Capital Markets Argentina

Empresa Distribuidora de Electricidad de Salta (Edesa), an electricity distributor in northwestern Argentina, raised $30 million in its return to the bond market after several years, maxing out the deal to pay off a maturing bond. The company received bids for $30 million, leading it to sell the full amount of the two-year US dollar-denominated notes at 5% over currency depreciation. The so-called dollar-linked bonds are bought and paid back in Argentine pesos at the official exchange rate, a po

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