IFLR1000 / ENERGY AND INFRASTRUCTURE 2017 Tocumen International Airport expansion

Overview:

• Tocumen International Airport expansion
• The Tocumen International Airport has raised $575 million through a Rule 144A/Reg S note issue on the Panamanian and Luxembourg stock exchanges.
• The proceeds from the 5.625% notes, due in 2036, will be used to finance the airport’s expansion, which includes a new South Terminal.
• This was Tocumen’s first international bond offering.
• Citigroup Global Markets acted as sole initial purchaser.

Rani Mehta - Journalist

Kurt Stumpo - Journalist