Santo Domingo.- Energía Natural Dominicana (Enadom), a company specializing in natural gas storage and transportation infrastructure, has received approval from the Superintendency of the Securities Market (SIMV) for a US$300 million Corporate Bond Issuance Program. The bonds, structured by CCI Puesto de Bolsa with BHD Puesto de Bolsa as co-placement agent, will have a maturity of up to 15 years. The placement process involves 11 of the 15 stock exchanges in the Dominican Republic.
Enadom, a joint venture between AES Dominicana and Energas, holds key assets essential for the long-term energy supply in the Dominican Republic. Operated by AES Dominicana, Enadom supplies nearly 800 MW of natural gas to power plants via the 50-kilometer Eastern Gas Pipeline and manages a 120,000-cubic-meter natural gas storage tank in Punta Caucedo, Boca Chica.
The company’s Corporate Bond Issuance Program, rated DOAA- with a stable outlook by Feller Rate, aims to optimize its debt profile and finance future expansion projects. These efforts will further strengthen Enadom’s market position and contribute to the Dominican Republic’s economic growth by supporting natural gas-based electricity generation, resulting in significant fuel cost savings and reduced CO2 emissions.