Orazul $550 million 5.625% notes issue

Overview:

• Orazul Energy Egenor has issued $550 million in senior notes.
• The 5.625% notes are due in 2027 and were used to refinance existing debt, including debt to partially finance I Squared Capital's acquisition by Orazul and energy assets in Central and South America from Duke Energy in 2016.
• The transaction is the first high yield bond offering in Peru since 2014.
• This is the first ever bond issuance by Orazul Energy Egenor.

Katrin Kostadinova - Data analyst