Odinsa issues local bonds for tunnel concession

Odinsa issues local bonds for tunnel concession

Bonds Debt Fixed Income Capital Markets Project & Infrastructure Finance Toll Road Colombia

Colombian airport and toll road operator Odinsa issued COP700 billion ($184 million) in local bonds to raise funds for a tunnel concession in the city of Medellín, according to securities filings on Monday. Odinsa, part of local conglomerate Grupo Argos, priced COP455 billion in eight-year bonds at the IBR interbank lending rate plus 3.1% and COP245 billion in more eight-year notes at the IPC consumer price index plus 4.15%, it said in a filing. Total orders reached COP1.16 trillion with COP780

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial