Taboada Raises Wastewater ABS
Mar 15, 2011
The Taboada wastewater treatment plant in Lima has closed a PES942m ($340m) ABS. The three-tranche deal was placed mainly with local market investors, bankers say, but also saw some international participation. The bonds priced at par and pay the VAC – an inflation measure linked to the IPC inflation index – plus 5.965%. This is just inside of inflation plus 6.0% area indications investors had received previously. It comes in line with the inflation plus 5.2% yield seen last year on a...
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