January 27, 2022 |
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
Unión del Sur plans to issue $253 mln in UVR-denominated notes and take out three loans for $536 mln to refinance the Rumichaca-Pasto toll road