New Issue-AES Corp sells $625 mln 12-yr sr nts

Wed May 14, 2008 10:44pm BST
[-] Text [+]
 May 14 (Reuters) - The AES Corporation (AES.N: Quote, Profile, Research), an
independent power producer, on Wednesday sold $625 million of
12-year senior notes in the 144a private placement market, said
market sources.
 The size of the deal was increased from the originally
planned $600 million.
 Citigroup Global Markets, Banc of America Securities,
Goldman Sachs and JP Morgan were the joint bookrunning managers
for the sale.
BORROWER: THE AES CORPORATION
AMT $625 MLN    COUPON 8.0 PCT    MATURITY 6/1/2020   
TYPE SR NTS     ISS PRICE 100     FIRST PAY 12/1/2008 
MOODY'S B1      YIELD 8.0 PCT     SETTLEMENT 5/19/2008
S&P BB-MINUS    SPREAD 410 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS  MAKE-WHOLE CALL 50 BPS

 
 

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