IIRSA 5 Bonds on Deck

IIRSA 5 Bonds on Deck


Ecuadorian concession operator Hidalgo & Hidalgo, through its Peruvian subsidiary CASA, is preparing to launch $260m in bonds to finance the fifth and final leg of Peru’s Interoceanica highways, or IIRSA Tramo 5. Through the Interoceanica V Finance vehicle it will sell $85m in 2020 bonds, $100m in 2030 bonds and $75m in 2030 zero-coupon notes. The deal features the basic characteristics of the CRPAO structure, in which Peru's government guarantees payment on notes issued from a trust. Fitch rate

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