AES Gener exceeds cap by early deadline

AES Gener exceeds cap by early deadline

Capital Markets Debt Bonds Fixed Income Corporate & Sovereign Strategy Chile

AES Gener said that holders of its 5.25% 2021s and 5% 2025s have tendered $430m in bonds by the early tender deadline, exceeding the company's cap of $285m. Holders of the Chilean electricity generators notes tendered $213m of the $402m outstanding in 2021 bonds and $218m of the $390m in 2025s. AES Gener has prioritized the 2025s and increased the tender cap to $224m for the 2025s and $117m for the 2021s. The company offered bondholders $1,067 for every $1,000 in 2021 bonds and $1,027 for every

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