Argentine power company Edemsa is preparing to issue up to $300 million in its second offering of bonds in the international market, according to rating agencies.
The company will issue seven-year, senior secured notes and use a portion of the proceeds to cover the ongoing tender offer for its 2031 bonds. It will use the rest to repay local notes and to fund capital expenditures and general corporate purposes.
Fitch and S&P Global assigned the 2033 notes B and B- ratings respectively, while Moody’s rates them B2.
The firm, which distributes electricity to users in Argentina’s Mendoza province, made its cross-border debut in July last year when it issued the 2031s.