lunes, 21 de septiembre de 2009

CAISA Issues Bonds to Remodel Airport.

Consorcio Aeropuertos Internacionales SA (CAISA), part of Corporación América, and their chairmaster, Eduardo Eurnekian, and concessionaire of Laguna del Sauce Airport in Punta del Este, will issue bonds for U$25 million to finance the above-mentioned airport’s remodeling project.

The bonds, which are being qualified by Fitch, will be denominated in US dollars. Ficus Capital, an investment banking and securities firm that offers quality advisory services, is the organizer of the operation.

The maturity of CAISA bonds will be ten-years, similar to the ones issued in April 2008 by Puerta del Sur –Carrasco’s Airport concessionaire and also part of Corporación América. The latter were earmarked to the construction of a new terminal. Along with the bonds, CAISA’s will have a trust fund to bring transparency to the operation.

Corporación América, which will administrate Punta del Este’s airport until 2019, bought CAISA in December 2007.

Laguna del Sauce airport’s concession includes the Free Shop and is the second that Corporación América manages in Uruguay, since they also control International Airport of Carrasco in Montevideo.

Corporación América, which is the main shareholder of Aeropuertos Argentina 2000, currently manages about thirty airports in Argentina as well as other terminals in the world, such as Guayaquil Airport in Ecuador, and Zvarnots Airport, in Armenia.

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