Ruben Jimenez Bichara, the executive vice president of the State Electricity Companies (CDEEE) said yesterday, Tuesday 4 September, that nearly 80% of the US$500 million bond issue has been sold. This bond issue was approved together with the Complementary Budget in the last legislative session of the Fernandez administration. The purpose of the bonds is to pay the debt held by the electricity generators as of June, according to Hoy. Jimenez Bichara said that he expected to receive the funds this week.

The funds will be used to reduce the arrears with power generators.

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