Business Services Industry
AES Gener buys back US$264mil worth of bonds.
South American Business Information, June, 2004
Chile, Jun 1, 2004 (Estrategia/SABI via COMTEX)
AES Gener, the Chilean electricity generation subsidiary of AES, the US energy group, yesterday began buying back US$264mil worth of L-series convertible bonds in both the US and domestic market. The company has said that the operation will not include the M-series bonds which were issued in the international markets in 1999 and are due to expire in 2005. Those bonds will be bought back in separate operation. Once the operations are completed, AES Gener will have only to carry out a US$114mil share capital increase operation in order to finalise its ongoing financial restructuring program.
Copyright (c) 2004, South American Business Information, All rights reserved.
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