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Globalvia Inversiones
Why buy this bond?
The bonds belong to the Covid recovery strategy – phase 2
Attractive income with regular semi-annual income payment
The government decided on its further expansion due to strong traffic and fundamental importance for the economy.
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Globalvia Inversiones
The parent company Globalvia Inversiones has built and manages infrastructure (collects tolls) such as 1,500 km of toll roads and highways, as well as railways, tunnels, metro lines, ports, airports and public buildings. Globalvia Inversiones is Spain's number one in the sector and does business all over the world. Autopista del Sol is 100% owned by Globalvia.
Route 27 is the main artery of the capital's 1.5 million agglomeration on the Pacific coast.
After 10 years of operation, on January 22, 2020, the government decided on its further expansion due to strong traffic and vital importance to the economy. There will be 2 new bridges and 2 more lanes in the most exposed places.
In the contract between the government and Globalvia, a "minimum annual income" is enshrined, so if the collected toll does not reach the expected amount, the government will pay the rest.
Complete information
Issuer
Autopistas del Sol Sociedad Anonima of Costa Rica
The name of the issue
Autopistas del Sol of Costa Rica, 7.375% 30Dec2030
Currency
US dollar $
Emission volume
300,000,000 USD
The face value of the bond
$1000
Indicative market price
948 USD
Discount
52 USD
Coupon from face value
7.375% p.a
Coupon payout frequency
Due date
semi-annual salary
30/12/2030
100% liquidity
Yes
Minimum volume
$200,000
Yield to Maturity
8.90% pa - before taking into account all costs
Preferred scenario
15.46% pa - before taking into account all costs
Rating
B- (Fitch)
Hierarchy of debt
Senior secured
You can find the prospectus for the bonds here:
7.375% Senior Secured Notes due 2030 - Prospectus
Economy
