Santo Domingo – Natural Energy of the Dominican Republic (Enadom) is a firm specializing in natural gas storage and transportation infrastructure. The Securities Market Superintendency (SIMV) has approved Enadom’s Corporate Bond Issuance Program worth US$300 million. The bonds, structured by CCI Stock Market with BHD Stock Market as co-placers, will mature over 15 years. Eleven of the 15 stock exchanges in the Dominican Republic are involved in the placement process.
Enadom is a collaboration between AES Dominicana and Energas. They own critical resources that are necessary for long-term energy supply in the Dominican Republic. Operating under AES Dominicana, Enadom provides about 800 MW of natural gas to power plants. The supply is managed via a 50-kilometer Eastern Gas Pipeline and a 120,000-cubic-meter natural gas storage tank in Punta Caucedo, Boca Chica.
Enadom’s Corporate Bond Issuance Program, rated DOAA- with a stable outlook by Feller Rate, aims to optimize its debt profile and fund future expansion schemes. These endeavors will reinforce Enadom’s market position. They will stimulate economic growth in the Dominican Republic, support natural gas-fueled electricity generation, and reduce fuel costs and CO2 emissions significantly.