CMI Energy, part of Corporación Multi Inversiones (CMI), successfully placed US $ 700 million of green bonds at an interest rate of 6.250% and maturing in 2029, and closed a syndicated loan of $ 300 million to refinance its debt. The successful transaction was executed in the framework of CMI's 100th anniversary celebration.
This is the largest green bond placement carried out by a renewable energy company in Central America and the Caribbean to date, and marks the entry of CMI Energía into the international capital market, with the largest private portfolio of 100% renewable energy and diversified from Central America and the Caribbean.
“We are very proud to be the private renewable energy company leader in the region. Our purpose is to generate impact investments that promote sustainable development.
Through the placement of green bonds, we seek to optimize the capital structure of our company and continue with an operation of excellence, continuous growth and the generation of positive impact for the communities where we operate ”, he explained Enrique Crespo, CEO of CMI Capital.
About the importance of this issue for CMI, Crespo, explained: “In the framework of the 100 years of CMI history, CMI Energía successfully accesses the bond markets for the first time and in this way we consolidate our strengths as a multi-Latin family group of business excellence and continuous growth, with knowledge and experience in business operations in the region ”.
