AES Reports Pricing Of $950M Fixed-To-Fixed Rate Reset Junior Subordinated Green Notes In Public Offering
Portfolio Pulse from Benzinga Newsdesk
AES Corporation has announced the pricing of $950 million in fixed-to-fixed rate reset junior subordinated green notes in a public offering. This move is part of AES's ongoing efforts to finance its green energy projects.
May 16, 2024 | 9:56 pm
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AES Corporation has priced $950 million in fixed-to-fixed rate reset junior subordinated green notes in a public offering. This will help finance its green energy projects, potentially boosting its revenue and enhancing its corporate responsibility profile.
The issuance of $950 million in green notes will provide AES with significant capital to invest in green energy projects. This is likely to positively impact the company's revenue and enhance its reputation in corporate responsibility, leading to a potential short-term increase in stock price.
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