Panama Resort Hits Road with Bond

Panama Resort Hits Road with Bond

Panama

Newland International Properties, the builder of the Trump Ocean Club in Panama, plans to sell $220m in 2014 NC3 144a/Reg S senior secured project notes. A US and London road show begins today in Miami, with expected pricing November 8. The Trump Ocean Club is a resort being constructed on the Punta Pacifica Peninsula in Panama City. Proceeds will fund an escrow account with the entire amount necessary to construct the project, a reserve account covering six months of debt service and refinance

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial