This issuance marks the first commercial paper offering Pluz Energía has executed since 2002. It follows its successful track record of capital market engagements, including two corporate bond issuances totaling S/220 million, and reflects its commitment to diversifying funding sources beyond traditional banking channels. The commercial paper instrument offers the company short-term financing advantages such as lower costs, greater funding flexibility, and direct access to private and institutional investors including public entities, insurance companies, mutual funds, and pension funds.
In June 2025, Pluz Energía inscribed its Sixth Commercial Paper Program for up to USD 200 million (or its equivalent in soles). The initial issuance under this program raised S/113.7 million with a demand 1.7 times oversubscribed and a cut-off interest rate of 4.46875%, setting one of the lowest spreads recorded recently in the Peruvian market. The high demand affirms strong investor confidence and supports Pluz Energía’s positioning as a leading issuer in the local capital market. The company serves over 1.6 million customers in northern Lima and Callao and is advancing projects aimed at distribution network digitalization and automation.
With nearly S/3 billion placed in the capital markets, Pluz Energía maintains one of the highest credit profiles recognized by Moody’s Perú and Pacific Credit Rating (PCR). This new commercial paper issuance complements its Seventh Corporate Bond Program, approved for up to USD 800 million, underscoring a robust financing framework designed to support the company’s growth and operational reliability in Peru’s energy infrastructure sector.
This article was curated and published as part of our South American energy market coverage.
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