Wednesday, May 16, 2007

Dynegy Planning to Sell $1.1 Billion of Debt: U.S. Corporate Bond Alert

(Bloomberg) -- Dynegy Inc., an owner of power plants in 14 U.S. states, plans to sell at least $1.1 billion of senior unsecured notes to repay debt.

Houston-based Dynegy and the Province of Ontario are among borrowers planning to sell at least $15.2 billion of bonds in the U.S., data compiled by Bloomberg show. Borrowers have sold $11.6 billion of debt this week, compared with $10.7 billion at the same point last week. Sales year-to-date total $464.4 billion, up from $410.4 billion a year ago.


Read more at Bloomberg Bonds News

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