Masivo Bogotá readies bonds for TransMilenio

Masivo Bogotá readies bonds for TransMilenio

Project & Infrastructure Finance Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Colombia Andean

Masivo Bogotá plans to issue COP310 billion ($89.6 million) worth of bonds in the local market to supply buses to part of the TransMilenio bus rapid transit (BRT) system in the capital city, according to a source close to the deal. Alianza and Credicorp Capital will be the placement agents for the nine-year notes, which are expected to price between 410 basis points and 430 basis points over the IPC consumer price index on March 18, the source said. Fitch Ratings has assigned the notes a AAA rat

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