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ConsorcioAeropuertos Internacionales SA (CAISA), part of Corporación América and Eduardo Eurnekian, andconcessionaire of Laguna del Sauce Airport in Punta del Este, will issue bondsfor 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. FicusCapital, an investment banking and securities firm that offers quality advisoryservices, is the organizer of the operation.
Thematurity of CAISA bonds will be ten-years, similar to the ones issued in April2008 by Puerta del Sur –Carrasco’s Airport concessionaire and also part ofCorporación América. The latter were earmarked to the construction of a newterminal. Along with the bonds, CAISA’s will have a trust fund to bringtransparency to the operation.
CorporaciónAmérica, which will administrate Punta del Este’s airport until 2019, boughtCAISA in December 2007.
Laguna delSauce airport’s concession includes the Free Shop and is the second that CorporaciónAmérica manages in Uruguay, since they also control International Airport ofCarrasco in Montevideo.
CorporaciónAmérica, which is the main shareholder of Aeropuertos Argentina 2000, currentlymanages about thirty airports in Argentina as well as other terminals in theworld, such as Guayaquil Airport in Ecuador, and Zvarnots Airport, in Armenia.
