Energy holding company, Inkia Energy, a subsidiary of Israel Corporation, is raising $300 million in a sale of global bond, The Wall Street Journal reports. The Peruvian company’s senior unsecured notes are due to mature in 2021. The proceeds will be used to repurchase the company’s secured indebtedness, as well for general corporate purposes. Credit Suisse and Bank of America Merrill Lynch have been appointed as bookrunners for the transaction.
Click here for the story from The Wall Street Journal.