Sacyr sells social bonds for Colombian toll road

Sacyr sells social bonds for Colombian toll road

Corporate & Sovereign Strategy Bonds Debt Fixed Income Colombia ESG Social Bonds Capital Markets

Spanish construction company Sacyr said Friday that it sold COP760 billion ($209 million) worth of 2045 inflation-linked global bonds to finance the Puerta de Hierro toll road concession in Colombia. Montes de María, the concessionaire owned by Sacyr, priced the 24-year notes at 100.001 to yield 4.1% after opening the initial price talk in the 4.375% area and setting guidance at 4.2%, plus or minus 10 basis points, according to a source involved in the deal. As the first social bonds issued to

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