Kilroot paves the way

Journal Article · Tue Nov 01 00:00:00 EST 1994 · Independent Energy

OSTI ID:50608

Mandelker, J

The AES Corp.-Tractebel S.A. joint venture in Northern Ireland, NIGEN Ltd., has become the first company to issue public project debt in the European capital markets. The {Brit_pounds}198.5 million debenture offering, paying 9.5 percent and due 2006 to 2010, was issued July 14, 1994, and was underwritten by Salomon Brothers International Ltd. and Barclays de Zoete Wedd Ltd., both of London. Experienced as AES is in the public markets, it faced a stiff challenge when it brought Kilroot Electric Ltd. to market. The issue has been described as one of the most complex bond offerings ever made in the City, London`s equivalent of Wall Street.

• OSTI ID: 50608
• Journal Information: Independent Energy, Vol. 24, Issue 9; Other Information: PBD: Nov 1994
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING AND POLICY
ELECTRIC UTILITIES
FINANCING
ELECTRIC POWER INDUSTRY
CAPITAL
JOINT VENTURES
UNITED KINGDOM
MARKETING
INVESTMENT