Calyon Wraps up Gualcolda Power Syndication

Empresa Electrica Guacolda has wrapped up syndication of a 15-year $260m project deal for the construction of a 152MW power plant near Maitencillio, Chile, the fourth in a series. Pricing begins at 85bp over Libor, stepping up to 140bp. Calyon is the lead, with agent banks Scotia and CorpBanca. ABN Amro, Itau, Banco Estado and Caja Madrid also participated. Guacolda is jointly owned by AES Gener (50%), local industrial conglomerate Empresas Copec (25%) and Ultraterra (25%). Calyon is also currently syndicating a $240m 19-year loan to refinance debt at the 230MW Termoelectrica de Penoles plant in Tamuin, Mexico, which was purchased by AES earlier this year.