AES Dominicana places US$500 million in bonds: the largest issue since 2012

AES Dominicana made an international bond issue of US$500 million, the largest corporate bond placement by a Dominican company since 2012. The funds will go toward refinancing its operations in the country and supporting its long-term growth strategy.

The details of the operation

The issue was placed at a seven-year term with an interest rate of 7.75%, in a competitive international market environment. The company reported that the operation strengthens its financial and capital structure.

What it means for the country

A company in the electricity sector placing US$500 million in international markets is a concrete sign of investor confidence in the technical and operational capacity of Dominican assets. It is also one of the most relevant corporate financing operations by a local company in recent years.

The key figure

US$500 million at 7.75%. The greatest international market confidence in a Dominican company in more than a decade.