ENA eyes $600 million bonds due 2028 following roadshow

By Aleesia Forni

Columbus, Ohio, Sept. 20 - ENA Norte Trust wrapped a roadshow on Thursday ahead of a planned issue of $600 million bonds due 2028, according to a market source.

A report from Moody's Investors Service stated the notes will be issued for the stock purchase of the concession rights to the Corredor Norte project.

The Republic of Panama is further supporting this transaction with approximately $100 million of equity expected to be provided from the budget of the Ministry of Economy and Finance.

The bonds are rated Baa3 by Moody's and BBB by Fitch.

ENA is a Panama-based told road operator.

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