AES said it completed its offering of $950,000,000 aggregate principal amount of 7.600% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on May 21, 2024. The public offering price was 100.000% of principal.

1. 01

   AES said it completed its offering of $950,000,000 aggregate principal amount of 7.600% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on May 21, 2024. The public offering price was 100.000% of principal.

2. 02

   The company said the Notes bear interest at 7.600% per year from May 21, 2024 to, but excluding, January 15, 2030, and thereafter during each Reset Period at the Five-year U.S. Treasury Rate plus a spread of 3.201%.

3. 03

   The company said it may defer interest payments for up to 20 consecutive semi-annual interest payment periods at a time, as long as no event of default on the Notes has occurred and is continuing. It may also redeem the Notes at 100% of principal plus accrued and unpaid interest, starting 90 days before January 15, 2030.

4. 04

   The company said it intends to allocate an amount equal to the net proceeds of the offering to one or more eligible green projects. Pending that allocation, it intends to use the net proceeds for general corporate purposes.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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