NewsWhore
10-05-2010, 04:00 PM
The Punta Cana-Macao Energy Consortium (CEPM), the private energy company that supplies electricity to the Punta Cana, Macao, Bavaro and Bayahibe tourist resort areas, has announced it is making a US$50 million placement of corporate bonds on the local market. The placement was approved by the Superintendence of Stocks and the Dominican Republic Stock Exchange.
The placement begins with US$10 million in notes with expiration in five and seven years, with a minimum of US$1,000. Investors will receive a fixed yield of 6.25% and 7%.
CEPM said that they would complete the installation of their first wind power generator in Oviedo in the southwest in May, adding 33 megawatts to the national grid. The wind park is being built at a cost of US$20 million.
The company has also used innovative methods in its installation of electricity meters in the Punta Cana area.
More... (http://www.dr1.com/index.html#6)
The placement begins with US$10 million in notes with expiration in five and seven years, with a minimum of US$1,000. Investors will receive a fixed yield of 6.25% and 7%.
CEPM said that they would complete the installation of their first wind power generator in Oviedo in the southwest in May, adding 33 megawatts to the national grid. The wind park is being built at a cost of US$20 million.
The company has also used innovative methods in its installation of electricity meters in the Punta Cana area.
More... (http://www.dr1.com/index.html#6)