Panama Airport Advances Structured Bond

Panama Airport Advances Structured Bond

Panama El Salvador Bonds Structured Finance

Panama City’s Aeropuerto Internacional de Tocumen (AITSA) has placed $130m in 2023 NC5 structured bonds with El Salvadorian pension funds, according to a source familiar with the transaction, part of a $650m program. The BBB rated bond backed by departure tax revenues priced at par with the same 5.75% coupon as the initial Panamanian market portion. In September, the airport placed $400m with Panamanian buyers. Prival Bank managed the two portions. AITSA is deciding between Morgan Stanley and Ci

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