October 9, 2019 |
Rutas 2 and 7 Finance has launched a $458m cross-border bond deal at a final yield of 5%, according to two bankers close to the deal.
Final pricing on the zero-coupon bond was pending on Tuesday evening, a source said.
The bookrunners Goldman Sachs and Itaú BBA set the guidance on the 2036 bonds at 5.25%. The notes carry average life of 9.7 years, one banker said.
The Inter-American Development Bank (IDB) and IDB Invest provided letters of credit to support the project, according to a report fro
Toll road concessionaire sets the yield on $458m in cross-border notes at 5%, sources say