Biggest power company issues US$370.0M in notes
Santo Domingo.- Dominican Republic’s biggest power company on Tuesday issued US$370.0 million (around RD$17.0 billion) in notes abroad at a 7.95% rate payable semi-annually, redeemable in 2026, according to the consulting firm Analytica.
The transaction by AES Dominicana was carried out through its two companies: AES Andres B.V. and Dominican Power Partners (US$ 270.1 million) and the Empresa Generadora de Electricidad ITABO (US$99.9 million).
The notes were sold in the United States only to qualified institutional buyers based on Norm 144A, and under the Securities Act outside the United States.
May 12, 2016
Category: DR News |