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Published on 2/9/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: UEP Penonome II sells $262.7 million guaranteed green bonds

Chicago, Feb. 9 – UEP Penonome II, SA sold $262.7 million guaranteed green bonds (Ba3/BB) due 2038, according to a notice from InterEnergy Group.

The Rule 144A and Regulation S notes were approximately two times oversubscribed.

The notes are guaranteed by Tecnisol I, SA, Tecnisol II, SA, Tecnisol III, SA and Tecnisol IV, SA.

Citigroup Global Markets Inc. was the structuring adviser, sole global coordinator and bookrunner.

Banco General was local coordinator.

The green bond is dual listed in Panama and Singapore.

Located in Panama, UEP II owns the largest wind farm in Central America and the Caribbean.

Issuer:UEP Penonome II, SA
Amount:$262.7 million
Maturity:2038
Securities:Green bonds
Bookrunner:Citigroup Global Markets Inc.
Ratings:Moody’s: Ba3
S&P: BB
Announcement date:Dec. 21
Distribution:Rule 144A and Regulation S

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