April 9, 2021
Metro de Panamá has added to the financing for the extension of Line 2 of the rapid transit system in Panama City with a private placement for $38.1 million, according to a source close to the project.
US asset management firm Apollo Global Management and affiliates acquired the zero-coupon notes that mature in 2023, the source added. UBS was the placement agent and Norton Rose Fulbright was the legal adviser to Apollo Global, he said.
The deal involved securitizing government payment rights to
Apollo Global invests in a $38 mln private placement to fund an extension to the rapid transit system in Panama City