Panama’s Etesa plans dollar benchmark notes of up to 30-year maturity

By Rebecca Melvin

New York, April 15 – Empresa de Transmision Electrica SA (Etesa) plans to price a U.S. dollar-denominated benchmark offering of amortizing senior notes with a tenor of up to 30 years, according to market sources.

Proceeds of the Rule 144A and Regulation S notes, which will mark a debut for the company in the international bond market, are expected to be used to refinance and consolidate current outstanding debt.

The electricity transmission company in Panama is wholly owned by the government.

© 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.