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Saasa will issue bonds for US$ 3 million to modernize operations at the new Jorge Chávez Airport
Tuesday, November 5, 2024 - 10:30
Fuente: SAASA

The private bond issue will allow Saasa to finance its growth in airport infrastructure and strengthen its regional presence in an expanding sector.

Servicios Aeroportuarios Andinos (Saasa), a subsidiary of Andino Investment Holding, has completed the first issue of securitization bonds for a total amount of US$ 3 million. The placement of these bonds was carried out through a private offering, with a term of 10 years.

The funds obtained through this issue will be used to support investments in infrastructure and equipment necessary for ramp operations at the new Jorge Chávez International Airport terminal, as well as to support strategic investments abroad and the refinancing of Saasa's current debt, which will contribute to strengthening its operational and financial capacity in the context of expansion and diversification.

Saasa aims to issue an additional US$ 5 million to complete the amount established as part of the company's strategy to strengthen its operations. This issue is part of the first securitization bond issuance program, which allows a maximum outstanding amount of up to US$ 27 million.

This process involved the participation of BD Capital Sociedad Titulizadora as trustee, assuming the role of issuer of the securitization bonds.

“With this step, Saasa reaffirms its commitment to sustainable growth and regional expansion, strengthening our position in the airport sector. We are in a process of consolidation both in our local operation and in the transition to internationalization,” said Enrique Vargas, General Manager of Saasa.

Autores

AméricaEconomía.com