Peru Tollroad Heads for Bond Market

Peru Tollroad Heads for Bond Market


In the face of unequivocally rough markets, Peru’s IIRSA Tramo 5, the last stretch of tollroads in the Interoceanica highways, is set to price next week, barring further meltdown, say executives close to the issuer. Three tranches of notes totaling $260m are planned: an $85m 2020, a $100m 2030 and a $75m 2030 zero-coupon bond. The zero-coupon note is being offered locally to Peruvian cash investors, with total proceeds to the issuer expected in the $18m-$20m range. BCP will jointly place the zer

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