Globalvia set to price cross-border bond

Globalvia set to price cross-border bond

Costa Rica Bonds

Globalvia is expected to price a $300m 2030 cross-border bond today (Wednesday) after sole bookrunner Citi set initial price thoughts in the high 7% to 8% area, sources told LatinFinance.The Costa Rican highway operator is raising capital to pay for improvements to the Ruta 27 highway in Costa Rica. Earlier this month, it said it could issue up to $374m in 10- and 14-year bonds. Moody's rated the deal, to be issued through Globalvia subsidiary Autopistas del Sol, Ba2. The ratings report issued o

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