Sacyr concessionaire arranges refinancing deals in Colombia

Sacyr concessionaire arranges refinancing deals in Colombia

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

Vial Unión del Sur, a Colombian concessionaire owned by Spanish construction company Sacyr, plans to issue up to COP995 billion ($253 million) in bonds and borrow up to $536 million in loans to pay off debt from the Rumichaca-Pasto toll road, Fitch Ratings said in a report on Wednesday. The concessionaire plans to sell new 2041 notes in UVRs, a unit of account that adjusts for inflation, at a fixed interest rate, and take out three loans in dollars and Colombian pesos, Fitch said. Two loans – an

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