Issuance of bonds Celeo Redes Transmisión

Issuance of bonds to finance the DATE, CASTE and MATE transmission projects

On November 25, 2019, Allianz subscribed to the Note Purchase Agreement issued by Celeo Redes Transmisión for the DATE, CASTE and MATE transmission projects. The notes issued amounted to US$365 million with a 5,15% coupon and maturity of 30 years.

This operation was the first private placement of senior secured notes with construction risk in the in Latin American transmission sector. S&P issued a rating of BBB- and the closing was awarded as “Transmission deal of the year” by IJ Global.