Electricity Generator Itabo has issued US$125 million in bonds on the international market. The corporate bonds will pay 10.875% APR and interest will be paid every six months beginning in March 2007. Fitch Ratings gave the bonds a “B-“rating with a positive outlook and S&P gave the bonds a “B” rating also with a positive outlook. At the current time the Itabo facility is controlled by AES Corporation that owns 50% of the shares and the Dominican government owns 49.97%. Over the last 12 months, the AES Dominicana Group has placed US$285 million in corporate bonds on the international market, and invested a large part into improving the energy sector in the DR. AES controls Andres, Dominican Power Providers and Los Mina, in addition to Itabo.