SMBC Latin America Closes Landmark Renewables Transaction With $710 Million Bond Issuance, One of the Largest Private Placement in Region's Recent History
SMBC and SMBC Nikko Securities America, Inc., members of SMBC Group, announced the completed execution of one the largest private placements in Latin America in recent history, refinancing Innergex's Chilean platform, with several businesses playing integral roles in the deal's success. The deal involved the close of Aela Generación S.A.'s $710MM green bond issuance, the proceeds of which were used to partially finance the Aela acquisition, refinance all existing debt in a portfolio of 609MW, and fund the installation of a battery energy storage system.
"The closing of this transaction demonstrates the well-coordinated effort among several deal teams that brought market-leading execution o
