AES Panama plans to sell $300 million 10-year senior notes

By Reshmi Basu

New York, Dec. 8 - AES Panama SA plans to sell $300 million of 10-year senior notes (/BBB-/BBB-), according to a market source.

Credit Suisse is the bookrunner for the Rule 144A and Regulation S transaction. UBS is co-manager.

Proceeds will be used for the repayment of existing debt, for dividend payments to shareholders and for general corporate purposes.

AES Panama is a subsidiary of global power company AES Corp.

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