ENA Extends Pricing

ENA Extends Pricing

Panama Bonds Structured Finance

Panama’s Empresa Nacional de Autopista (ENA) has extended pricing for its dual-tranche $395m bonds. The corporation wholly owned by the Republic of Panama had set its sights for Wednesday pricing but has opted instead to price and disclose allocations today. The deal comes amid continued uncertainty in the markets as the issuer looks to cover two tranches in the amount of $170m and $225m to refinance $150m of 6.95% amortizing 2025 bonds, a precursor to the sale of the Corredor Sur tollroad

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