| Publication Date: | sábado, febrero 18, 2006 |
| News Title: | Consortium - Delgado & Cevallos adviced Credit Suisse First Boston in transaction of bond emission of AES guaranteed by electrical distributing companies of El Salvador |
| News Details: | |
Recently, partner Ricardo Cevallos and associate Beatriz Beltranena of Consortium - Delgado & Cevallos, acted as external counsel of Credit Suisse First Boston (CSFB) in the bond issue by AES El Salvador Trust for $300 million dollars. AES (Apply Energy Service) is at the moment the principal shareholder of four distributors of electricity in the country: CAESS (Compañía de Alumbrado Eléctrico de San Salvador), EEO (Empresa Eléctrica de Oriente), DEUSEM (Distribuidora Eléctrica de Usulután) and CLESA (Compañía de Luz Eléctrica de Santa Ana) created a structure based on advice provided by CSFB to issue bonds in the international market under Regulation 144 A Reg. S guaranteed by the electric distribution companies of the country. Consortium – Delgado & Cevallos participated as CSFB´s legal advisor in the due diligence process, preparation and review of the "Offering Circular" and review of the contracts needed to carry out this transaction. This is the first bond issue guaranteed of this nature made by a private company in the international market originating out of Central America. |
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