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Panama’s Etesa marketing dollar bonds; roadshow ends April 22 week
By Paul A. Harris
Portland, Ore., April 17 – Empresa de Transmision Electrica SA (Etesa) is marketing a dollar-denominated bond offering that is on a roadshow set to wrap up during the April 22 week, according to a sellside source.
BofA Merrill Lynch and Scotia Capital have the mandate.
The final size and structure remain to be determined.
Earlier it was reported that Etesa was coming with a benchmark Rule 144A and Regulation S deal with a tenor of up to 30 years.
The deal represents Etesa's debut in the global bond market.
Proceeds are expected to be used to refinance and consolidate current outstanding debt.
The electricity transmission company in Panama is wholly owned by the government.
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