DR Airport Operator Targets $550m Bond

DR Airport Operator Targets $550m Bond

Dominican Republic Bonds

Airport operator Aeropuertos Dominicanos Siglo XXI (Aerodom) is meeting the buyside this week, according to investors, ahead of what could be a $550m bond sale. The operator of 6 of the 9 airports in the Dominican Republic was due to meet West Coast accounts Thursday, with JPMorgan managing. In assigning a Ba3 rating, Moody’s notes Aerodom's strong market position, control over approximately 42% of all passenger traffic in the Dominican Republic, expectations of continued economic and tourism gr

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