Argentina's Clisa to issue up to $100 million five-year bullets

By Reshmi Basu

New York, April 12 - Compania Latinoamericana de Infraestructura & Servicios SA (Clisa) plans to sell up to $100 million of five-year bullet bonds (B-), according to a market source.

The issue will be guaranteed by Clisa's subsidiaries, Benito Roggio e Hijos SA and Cliba Ingenieria Ambiental SA.

Proceeds from the sale will be used mainly to refinance existing debt and to cancel other obligations, according to a ratings statement released by Standard & Poor's.

BCP Securities is the manager for the Rule 144A transaction.

A roadshow is scheduled to take place in Miami, New York and possibly Boston.

The Buenos Aires-based issuer is a holding company involved in passenger transport, construction, road maintenance and environmental engineering.

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