NewsWhore
03-05-2009, 03:20 PM
A Basic Energy company and the leading power generation firm in the DR, EGE Haina has just placed US$30 million in corporate bonds on the Dominican Stock Exchange in order to finance an increase in working capital. Superintendent of Stocks, Haivanjoe NG Cortinas said that Fitch Ratings Dominicana rated the placement BBB (dom). The bonds are attractive to large and small investors as they are available as corporate bonds worth US$1,000 each, with expiry terms of 12, 18, 24 or 36 months. The yield is determined at the launching. Interest payments will be made monthly on a 365-day base to the holder of the bonds through the Centralized Deposit of Stocks (Cevaldom). The placement was made by BHD Valores Puesto de Bolsa, S.A.
EGE Haina is a mixed Dominican government and private consortium. Haina Investment Company LTD has 50% of the shares and the Fondo Patrimonial de Empresas Reformadas (FONPER) of the Dominican Republic and smaller investors holds the remaining shares. EGE Haina has an installed generation capacity of more than 600MW, or approximately 22% of total capacity of the country's interconnected system.
For more information, see www.egehaina.com (http://www.egehaina.com)
More... (http://www.dr1.com/index.html#13)
EGE Haina is a mixed Dominican government and private consortium. Haina Investment Company LTD has 50% of the shares and the Fondo Patrimonial de Empresas Reformadas (FONPER) of the Dominican Republic and smaller investors holds the remaining shares. EGE Haina has an installed generation capacity of more than 600MW, or approximately 22% of total capacity of the country's interconnected system.
For more information, see www.egehaina.com (http://www.egehaina.com)
More... (http://www.dr1.com/index.html#13)