New Issue: Panama’s UEP Penonome details $262.66 million green bonds due 2038

By Marisa Wong

Los Angeles, Feb. 17 – UEP Penonome II, SA issued $262,664,000 of 6˝% senior secured green bonds due 2038 (Ba3/BB) on Dec. 18, according to a Singapore Exchange Ltd. notice on Wednesday.

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

The Rule 144A and Regulation S notes were about two times oversubscribed, as previously reported.

Citigroup Global Markets Inc. was the structuring adviser, 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
Guarantors:	Tecnisol I, SA, Tecnisol II, SA, Tecnisol III, SA and Tecnisol IV, SA
Securities:	Senior secured green bonds
Amount:	$262,664,000
Maturity:	Oct. 1, 2038
Bookrunner:	Citigroup Global Markets Inc.
Coupon:	6˝%
Ratings:	Moody’s: Ba3
	S&P: BB
Settlement date:	Dec. 18
Listing:	Panama and Singapore
Distribution:	Rule 144A and Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.