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AWARDS: BEST ROAD FINANCING

AWARDS: BEST ROAD FINANCING

September 20, 2017 | Kevin Gray
Virtually all of the projects in Colombia’s 4G toll road concessions program that have reached financial close have raised some financing in dollars. Some have issued dollar bonds, others have relied on a combination of bank loans and bonds in pesos and dollars.

Corporate & Sovereign Strategy

CONEXIÓN NORTE Virtually all of the projects in Colombia’s 4G toll road concessions program that have reached financial close have raised some financing in dollars. Some have issued dollar bonds, others have relied on a combination of bank loans and bonds in pesos and dollars. Concessionaire Autopistas del Nordeste explored a new financing alternative: its Conexión Norte toll road was the first 4G project to borrow from international commercial banks in two currencies. The sole bookrunner and underwriter, SMBC, arranged a syndicate of Asian, European and local lenders for a 15-year, two-tranche $447 million loan in pesos and dollars. Banco de Crédito del Perú (BCP), Instituto de Crédito O

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