AES closes on Gatun 144A refinancing in Panama
AES Corporation and InterEnergy have closed a $1.05 billion refinancing of its 640MW Gatun combined-cycle gas turbine power project in Panama. The 18.5-year bonds, for which JP Morgan, Morgan Stanley, Natixis, SMBC and Scotia were bookrunners, priced for a coupon on 6.874% and carry a rating of BBB-...