The bond offering entailed at least four other parallel transactions: a liability management transaction for AES Changuinola, S.R.L., a loan agreement to the issuer, the entering into intercompany loan agreements among the issuer and its operating subsidiaries and a tender and consent solicitation of AES Changuinola, S.R.L.

This transaction received the Latin Finance 2021 Project & Infrastructure Finance Award, in the category of Project Sponsor of the Year: AES.

“The Largest corporate bond in Central America and the largest bonds in Latin America by a private controlled power company. The largest issuance by a non-government entity in Panama’s history.”