El Salvador: I$19 million issuance for Airport

The funds raised will be used to complete construction of waiting rooms and a food area and start works on four aircraft platforms and the parking area.

Wednesday, October 21, 2015

Pension operators were the main buyers of the securities placed by Hencorp Exchange on October 19 in the local market, as part of the total emission worth $78 million approved in 2012 to finance the expansion of the international airport.

Elsalvador.com reports that "... The company reported that the entire securitization has been made in three initial sections (2013) with interest rates of 4.75%, 5.15% and 5.93%, and in 4 final stages (2014) with an interest rate of 6.99 and a maturity of 5 , 12 and 15 years."

"... According to statements by the president of the CEPA, Nelson Vanegas, the $19.4 million securitized made on Monday will be used to begin the work of expanding the airport, which has already started with the construction of new waiting rooms and a food court in the former terrace of the terminal."

More on this topic

Securitization for Airport Expansion

July 2017

In El Salvador, preparations are being made for a third securitization to finance the extension works at the Monseñor Romero airport terminal, and the tender will be announced in September.

The Autonomous Executive Port Commission plan's is to use the resources to finance the construction of phase I of the expansion of the passenger terminal.

El Salvador: How to Finance Airport Expansion

May 2015

International loans, public-private partnerships and now a securitizations are options that have emerged in recent years to fund the expansion of the capital's airport, which so far have remained on paper.

After raising the idea of a public-private partnership as the best alternative to finance the expansion of the international airport in San Salvador, the Autonomous Executive Port Commission (CEPA) is now indicating that this method "would take two years, which would be 'too long' for this terminal, whose capacity has been exceeded. "

CEPA to Issue $78 million for Airport

December 2012

The modernization of El Salvador International Airport will be financed with a securitization fund of $77.7 million.

The company Hencorp has been chosen by Comisión Ejecutiva Portuaria Autónoma (CEPA) to structure the securitization on the Stock Exchange of El Salvador.

Securitization of Income from Comalapa airport

November 2012

In El Salvador plans are afoot to launch a tender at the International Airport at the beginning of 2013, after securitization that could take shape in December 2012.

Elsalvador.com.sv reports that "The Autonomous Executive Port Commission (CEPA) said yesterday that they will wait until December to securitize part of the revenue from International Airport El Salvador (AIES) and that it will be used to improve the facilities of this terminal. "

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