Chicago, Jan. 3 – Empresa Generadora de Electricidad Haina, SA placed $300 million of 5 5/8% senior bonds linked to sustainability due 2028 (Ba3//BB-), according to a news release by the company.
Demand hit $900 million with most of the interest from asset managers based in North America, Europe, the Middle East and Africa.
Proceeds will be used to refinance local bonds, to pay dividends to shareholders and for general corporate purposes.
Citi, Scotiabank and JP Morgan were bookrunners for the notes.
EGE Haina is an electricity production company based in the Dominican Republic.
| Issuer: | Empresa Generadora de Electricidad Haina, SA
|
| Amount: | $300 million
|
| Issue: | Sustainability-linked bonds
|
| Maturity: | 2028
|
| Bookrunners: | Citi, Scotiabank and JP Morgan
|
| Coupon: | 5 5/8%
|
| Trade date: | Nov. 1
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BB-
|
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