Sedapal mulls asset-backed bond
- From: Vol 9, Issue 1 (January 2008)
- Category: General
- Region: Americas
- Country: Peru
- Related Companies: Banco de Credito
Sedapal could enter the capital markets this year. It will only fund a tiny fraction of the investment required to revamp Peru’s water infrastructure.
Peru’s state water utility Sedapal is mulling plans to issue up to $100 million equivalent in 10-year local currency bonds in 2008 to help fund president Alan Garcia’s $4 billion overhaul of the country’s ageing water system, according to a source close to the negotiations.
Sedapal, which has not tapped the capital markets before, declined to comment ...
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