AWARDS: BEST INFRASTRUCTURE FINANCING: CARIBBEAN

AWARDS: BEST INFRASTRUCTURE FINANCING: CARIBBEAN

Corporate & Sovereign Strategy Dominican Republic

AERODOM While it closed the acquisition of Aeropuertos Dominicanos Siglo XXI, or Aerodom, in early 2016, Vinci Airports started looking at ways to improve the company’s finances. The acquisition gave Vinci, the airport operating subsidiary of the French construction company Vinci, six airport concessions in the Dominican Republic and an opportunity to expand the company’s relationship with airlines that serve the US market. Vinci initially considered getting a bridge loan and refinancing it in the local capital markets in mid-2016. But as interest rates for cross-border bonds fell, Vinci instead opted for a combination of bond and bank financing, says Sylvain Adoue, a structured finance proj

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