AES Gener to start roadshow Wednesday for $300 million 10-year deal

By Reshmi Basu and Paul Harris

New York. Feb 27- AES Gener SA will start a roadshow Wednesday for a $300 million offering of 10-year senior unsecured bonds (Ba3/BB+/BB), an informed source said.

The roadshow starts Wednesday on the West Coast, stops in the Midwest on Thursday, Friday in Boston, and the following Monday in New York, followed by a conference call on Tuesday.

The deal is expected to price on March 9.

Deutsche Bank Securities Inc. will run the books on the Rule 144A/ Regulation S (with registration rights) deal.

Proceeds will be used to repurchase and redeem its 6% U.S. convertible senior bonds due 2005, its 6% Chilean convertible bonds due 2005, its 6½% Yankee notes due 2006 and for working capital purposes.

The Santiago, Chile-based power generating company is also selling $125 million of stock to shareholders and obtaining a new bank loan for $75 million.

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