NEW YORK, June 18 (IFR) - Utility AES Panama has set initial price thoughts of low-mid 6% on a US$300m seven-year bond.
Launch and pricing is expected later today through bookrunners Deutsche Bank and Banco General.
The senior unsecured bond is expected to be rated BB-/BB+ (stable/negative) by S&P and Fitch. Proceeds are going toward debt refinancing and general corporate purposes. (Reporting by Paul Kilby; Editing by Natalie Harrison)