Autopistas del Sol $350.75 million project bond issue

High-yield bond/note issue, Project bond issue

$ 351 million




  • Autopistas del Sol, which operates the Ruta 27 toll road concession, has issued $351 million of international and local project bonds. 
  • The international issue consisted of $300 million 7.375% Rule 144A/Reg S senior secured notes due 2030.
  • The local issue consisted of $50.75 million 6.8% senior secured notes due 2027.
  • Citigroup Global Markets acted as global coordinator and bookrunner.
  • This is the first offering of project bonds out of a high-yield grade Central American country.
  • This transaction marked the first time international and local bonds were offered concurrently by a Costa Rican issuer.
  • Autopistas del Sol is owned by Globalvía.

Katrin Kostadinova - Data analyst


Costa Rica

Deal types:

High-yield bond/note issue
Project bond issue

Practice areas:

Project finance
Capital markets : Debt

Governing law:

Costa Rica

Industry sector:



Party: Autopistas del Sol (Issuer)

Party: Citigroup Global Markets Ltd (Global coordinator, Bookrunner)

Party: Citigroup Global Markets Ltd (Global coordinator, Bookrunner)

Party: Autopistas del Sol (Issuer)