Down, But Far From Out

Down, But Far From Out

Despite jitters over Argentina, a deepening worldwide recession, tough regulations for financing power plants and relatively more attractive financing opportunities in the US power sector, notable deals still emerged from Latin America this year. AES Tiete, A Brazilian hydropower project, this year issued a record-setting 15-year $300 million bond with devaluation protection coverage policy from OPIC. In May, AES Tietê, a US-controlled Brazilian hydropower project, issued a record-setting 15-year $300 million bond with an innovative devaluation protection

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