Accelerating the future of energy, together.
We are a subsidiary of The AES Corporation, a global company with presence in 14 countries. We operate generation assets in Chile, Colombia and Argentina, with a total capacity in operation of 5,157 MW. Through our Greentegra transformational strategy, AES Andes is providing sustainable energy and investments of close to US$ 3 billion in renewable projects in the countries where we operate. Between 2019 and 2025 we will have incorporated more than 2.8 GW of wind, solar, hydroelectric and battery capacity in the portfolio.
AES Dominicana 2026 Notes
Since 2005, AES Dominicana has been a key player in the local and international bond market with important issuances that sum above USD $900 million. The last international issuance occurred in 2016, when AES Dominicana issued USD $370 million, consisting of (i) $270,100,000.00 in aggregate principal amount of Senior Notes, Co-Issued by AES Andres B.V., and Dominican Power Partners, and (ii) $99,900,000.00 in aggregate principal amount of Senior Notes, issued by Itabo.
The Andres-DPP Notes and the Itabo Notes may only be transferred as part of Notes Units and will not trade separately until the earliest of: (i) the occurrence of an event of default under either the Andres-DPP Notes or the Itabo Notes, (ii) the occurrence of a change of control under either the Andres-DPP Notes or the Itabo Notes, (iii) the occurrence of a redemption in whole of either the Andres-DPP Notes or the Itabo Notes and (iv) the tender in whole or in part of either the Andres-DPP Notes or the Itabo Notes. The Andres-DPP Notes are joint and several unsecured senior obligations of the Co-Issuers. The Itabo Notes are the unsecured senior obligations of Itabo. Interest on the Underlying Notes and the Notes Units will be payable semi-annually in arrears on May 11 and November 11 of each year commencing on November 11, 2016. The Underlying Notes and the Notes Units will mature on May 11, 2026 and carry a cupon of 7.95%.