Abengoa power concessionaire plans bond debut

Abengoa power concessionaire plans bond debut


Peruvian power line operator Abengoa Transmision Sur is planning a $412m senior secured bond, LatinFinance understands. The fully-amortizing note will be backed by ATS’s concession assets and tariff payments due under those agreements and will have an April 2043 final maturity, according to a ratings report. Fitch has given the deal a BBB- rating, saying there is a predictable revenue stream and low operating risk. A six-month reserve account for debt service, operation and maintenance is includ

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