Odebrecht Preps DR Toll Road Issue

Odebrecht Preps DR Toll Road Issue

Brazil

Brazil's Grupo Odebrecht is assembling a $360m project finance bond to build and operate the Autopista El Coral in the Dominican Republic. The deal, to be launched in the first half of 2008, will include a relatively novel structure that has been used before in Peru for the IIRSA toll roads, but never outside that country. The so-called Certificados de Registro de Pago de Inversiones (CRPI) is an adaptation of the successful CRPAO used in Peru, whereby the government agrees to service bonds whos

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