Allianz eyes infra investments in Chile, Colombia and Panama
May 17, 2019 |
German investor also sees opportunities in Peru, where it has completed two private placements in recent months
Allianz Global Investors (AllianzGI) is looking to fund infrastructure projects in Chile, Colombia and Panama as it seeks to make more deals in Latin America.
"The way we look at our pipeline, we are intentionally looking to deliver diversification," Jorge Camiña, the director of infrastructure debt at AllianzGI, told LatinFinance.
"We want to see a pipeline in Colombia, we want to see a pipeline in Chile and we would like to see more in Panama," he said.
AllianzGI has been active in other markets, especially in Peru, where it has become part of growing trend of private placements to finance infrastructure projects in Latin America.
In January, the German investment manager led other investors in a 16-year, $333m private placement to refinance debt from a toll road concession in Peru. A month earlier, it financed two wind farms with a 17-year, $250m private placement with the Peruvian asset management firm Sigma.
"We are still seeing opportunities in Peru," Camiña said.
The transactions in Peru followed earlier deals, including a B bond for two solar farms in Uruguay and a refinancing package for a natural gas pipeline in Mexico.
During an interview at the IDB PPP Americas conference in Punta Cana, Dominican Republic, Camiña also said AllianzGI is exploring opportunities with revenues in dollars.
"It could be a toll road, an airport, power transmission, midstream or renewable energy," he said.