Autopistas del Sol $350.75 million project bond issue

Overview:

• Autopistas del Sol, which operates the Ruta 27 toll road concession, has issued $351 million of international and local project bonds. 
• The international issue consisted of $300 million 7.375% Rule 144A/Reg S senior secured notes due 2030.
• The local issue consisted of $50.75 million 6.8% senior secured notes due 2027.
• Citigroup Global Markets acted as global coordinator and bookrunner.
• This is the first offering of project bonds out of a high-yield grade Central American country.
• This transaction marked the first time international and local bonds were offered concurrently by a Costa Rican issuer.
• Autopistas del Sol is owned by Globalvía.

Katrin Kostadinova - Data analyst