By Mary-Katherine Stinson
Lexington, Ky., Feb. 13 – Credicorp Capital Sociedad Titulizadora SA announced that the special purpose vehicle Lima Infrastructure Trust issued S/. 1.205 billion, or approximately $325 billion, of 10.1% securitization bonds due Dec. 15, 2043, according to a notice and a press release from Shearman & Sterling.
The bonds were issued on Dec. 27 and will be listed on the Singapore Exchange effective Feb. 14.
The proceeds are intended to finance a portfolio of 42 prioritized investment projects, which will contribute to closing gaps in infrastructure and public services and repay existing debt.
Lima Infrastructure is a special purpose vehicle created for the securitization program of up to S/. 4 billion Alcabala Tax and Motor Vehicle Tax by the Metropolitan Municipality of Lima.
| Issuer: | Lima Infrastructure Trust
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| Amount: | S/. 1.205 billion
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| Issue: | Bonds
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| Maturity: | Dec. 15, 2043
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| Trustee: | Credicorp Capital Sociedad Titulizadora SA
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| Counsel to issuer: | Shearman & Sterling
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| Coupon: | 10.1%
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| Settlement date: | Dec. 27
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| Listing date: | Feb. 14
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| ISIN: | US224939AA67
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