AES closes $950M issuance of 7.600% junior subordinated notes due 2055

AES CORP

$950M principal of 7.600% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due Jan 15, 2055.
Interest fixed at 7.600% until Jan 2030, then resets at 5-year Treasury plus 3.201% spread.
Net proceeds allocated to eligible green projects or general corporate purposes pending allocation.
Company may defer interest for up to 20 consecutive semi-annual periods, subject to conditions.
Notes redeemable at par after Jan 2030; optional redemption upon certain events.

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