Nicaragua Airport Issues $60 million in Bonds
The International Airports Management Company (EEAI) completed the bond issuance to refinance debt and investments.
Thursday, April 30, 2009
Of the total issue, $41 million will be used to refinance the debt acquired with banks and the remainder for investment in the Puerto Cabezas airport.
The bonds will be issued in July and August, and the funds will be used for the airport's expansion program, said the operator of Tocumen International Airport.
The management company of the international airport in Managua has announced that it will allocate between $6 million and $10 million for expansion of the runway.
On June 15 the Finance Ministry will start selling $560 million in Treasury Bonds in the domestic securities market.
The entity is preparing, for the March 18, to place corporate debt at a 2 year term and a net rate of 5.25%, via auction on the National Stock Exchange.
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