Paraguay Targets January Bond for Roads, Power

Paraguay Targets January Bond for Roads, Power

Bonds Paraguay

Paraguay is looking at January 2013 for an anticipated benchmark-size 10-year bond, raising funds to support the power and road sectors, an official at the country's finance ministry tells LatinFinance. “The plan has to be approved by congress in December, and if all goes as planned, part of the proceeds – at least $200m - would be used to finance Paraguayan state power company Ande, in addition to power and road projects,” he says. An issuance of up to $550m is in the budget. The official says

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