Published on 5/4/2018 in the Prospect News Emerging Markets Daily.
New Issue: Panama’s Aeropuerto Internacional de Tocumen sells $225 million 6% notes due 2048 at par
By Rebecca Melvin
New York, May 4 – Panama’s Aeropuerto Internacional de Tocumen priced $225 million 6% notes due 2048 (expected ratings: BBB/BBB) at par on Thursday, according to a syndicate source.
Pricing came at the tight end of initial price talk in the low 6% area.
Citigroup was the bookrunner of the Rule 144A and Regulation S deal.
| Issuer: | Aeropuerto Internactional de Tocumen
|
| Description: | Notes
|
| Amount: | $225 million
|
| Maturity: | Nov. 18, 2048
|
| Bookrunner: | Citigroup
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Trade date: | May 3
|
| Settlement date: | May 9
|
| Ratings: | S&P: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Low 6%
|
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