IFLR1000

Red Dorsal $237.7 million notes issue

13/4/2015
Investment grade bond/note issue
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$ 237.7 million

Completed

13/4/2015

Overview:

  • Red Dorsal Finance has issued $273 million in notes.
  • The notes are senior secured variable funding notes and reach maturity in 2031.
  • They are intended to buy Remuneración por Inversiones (RPIs) from Azteca Comunicaciones which will finance the Red Dorsal Nacional de Fibra Óptica project in Peru.
  • Banco Espírito Santo de Investimento and Credit Suisse acted as a placement agents.
  • Legacy firm Chadbourne & Parke advised the issuer.

Rani Mehta - Journalist

Jurisdiction:

Peru

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Technology and telecommunications

Firms:
Clifford Chance

Party: Credit Suisse (Placing agent)

Party: Banco Espirito Santo de Investimento (Placing agent)

Estudio Echecopar member firm of Baker McKenzie International

Party: Red Dorsal Finance Limited (Issuer)

Lawyer: Juan Carlos De los Heros Echecopar

Garrigues

Party: Credit Suisse (Placing agent)

Party: Banco Espirito Santo de Investimento (Placing agent)

Lawyer: Oscar Arrús

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