AES Corporation (AES) Prices $600M 2029 Notes And $400M 2033 Notes In $1 Billion Offering

The AES Corporation (NYSE:AES) is one of the undervalued infrastructure stocks to buy now.

The AES Corporation (NYSE:AES) is navigating a shifting energy landscape, where fresh capital, evolving policy support, and a complicated data center buildout backdrop are all moving at once.

On June 11, 2026, The AES Corporation (NYSE:AES) priced a dual-tranche senior notes offering totaling $1 billion, consisting of $600 million of 5.200% notes due 2029 and $400 million of 5.750% notes due 2033. The closing is expected on June 16, 2026, subject to customary conditions.

That capital raise arrived against a nuanced backdrop for power demand.

On June 5, 2026, Jefferies flagged intensifying local opposition to data center construction across the United States, citing a May 2026 Embold Research survey showing approximately 71% of respondents either somewhat or strongly opposed to data centers being built near their communities. That figure was up from roughly 51% in February and approximately 42% in September. The firm identified the Midwest, Southeast, Texas, and Northwest as mostly constructive regions for continued build-out, with lower population density, lower median incomes, and Republican-leaning composition cited as net favorable factors.

The same Jefferies note touched on The AES Corporation (NYSE:AES) more directly. The Department of Energy announced support for 13 coal-fired power plants alongside a new $500 million coal export infrastructure investment fund. Jefferies said that support includes AES’s Maryland and Puerto Rico coal sites, adding a policy dimension to the company’s existing asset mix.

The AES Corporation (NYSE:AES) is a global power company. It develops, owns, and operates a diversified portfolio of electricity generation and distribution assets, and its operations are increasingly focusing on renewable energy and energy storage. The company deploys utility-scale battery energy storage systems across multiple markets.

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