Panama: $600 Million in Bonds by Tocumen SA

The bond issue is announced for mid-year, as part of the financing for the construction of the South Terminal.

Wednesday, May 8, 2013

Juan Carlos Pino, manager of the company, estimates that the bonds will be issued at the end of June or early July.

The funds will be used to expand the capacity of the existing terminal. "We need to build new taxiways to speed the transit of aircraft in the terminal in the rush hours," said Pino.

With the amendment introduced by the Government in 2011 to the Fiscal Responsibility Act, debt contracted by the entities Tocumen, SA, Empresa Nacional de Autopistas and Empresa de Transmisión Eléctrica, S.A. will not be part of the fiscal balances of the State. ", reported Prensa.com.

¿Busca soluciones de inteligencia comercial para su empresa?



ok