The Costa Rican construction company MECO is preparing issuance of corporate debt worth $50 million, to be placed on the market in Panama.
Friday, February 13, 2015
From a statement issued by from Fitch Ratings:
Fitch Ratings has assigned ratings to Constructora Meco S.A. (Meco or Company) as detailed below:
- National long-term rating at 'AA- (pan)';
- Revolving Corporate Bonds Program for $50 million in 'AA- (pan)'.
The Outlook is Stable.
KEY RATING FACTORS
The ratings reflect Meco's solid execution history in infrastructure projects in Central America, and its operating performance characterized by the successful completion of projects and non-enforcement of warranties. This has allowed them to generate stable cash flows, and adequate credit metrics for the rating category. In addition, we consider the challenges that the company could face from starting the implementation of projects in new markets through participation in consortia or carrying them out directly, and also continuing to add to their portfolio profitable projects. The ratings are constrained by the inherent volatility and cyclicality of the construction industry, sensitivity to macroeconomic conditions and the geographic concentration and works contracted by public sector counterparts.
¿Busca soluciones de inteligencia comercial para su empresa?
Panama's international airport issued in the international market debt securities expiring in 2048, with a coupon rate of 6% and a yield of 6.25%.
From the statement of Tocumen S.A.:
Panama November 8th, 2018. On Wednesday, November 7th, 2018, Tocumen International Airport successfully issued six hundred and fifty million dollars (US$650,000,000.00) in corporate bonds on the New York Stock Exchange, following rules 144-A and also registered on the Panama Stock Exchange.
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.
From a statement issued by FCCA Investment Banking:
On Wednesday March 18 Banco Lafise Costa Rica a member of the prestigious Lafise Group with operations in Central America and the Caribbean, will auction on the National Stock Exchange 10-year bonds for $10 million, at a 5.25% rate, quarterly risk rating (SCR AA-) and (PCR AA).
On December 17th the Instituto Costarricense de Electricidad will issue bonds in local currency equivalent to $18.7 million with a ten-year term and a net after-tax rate of 9,338%.
The resources obtained through the issuance of bonds of the F3 series maturing in 2023 will be invested in projects for geothermal and hydroelectric generation, maintenance and improvement of operating plants, power distribution and transmission works.
The International Bank of Costa Rica (Banco Internacional de Costa Rica) has launched a debt issue in Panama with a maturity of three to five years.
With capital payments on maturity and quarterly interest payments the issue will be for 50 million dollars in series.
The issue, whose interest rate will be previously agreed to upon placement, is currently being subscribed.
español
5742
