May 4, 2018 |
Aeropuerto Internacional de Tocumen (AITSA) sold $225m in 2048 debt on Thursday amid a monetary policy malaise taking place south of Panama's borders.
The local airport operator was unlikely to face much difficulty in obtaining the new debt, according to one DCM banker, who praised AITSA's credit metrics and went so far as to describe the deal as a hit "straight down the fairway.
"I hear books were oversubscribed and investors liked the company's technical factors, the fact it is amortizing and
Panamanian airport operator snares $225m in 2048 debt on top of an oversubscribed book, source