Lima Metro 2 hits road to fund mandatory redemption

lima, peru, px230
By Oliver West
15 Jul 2019

The consortium building the second line of the Lima and Callao Metro in Peru will meet bond investors this week as it looks to finance a mandatory redemption of a portion of the borrower’s existing notes caused by delays in the project.

Goldman Sachs and JP Morgan will be on the road with Lima Metro Line 2 until Wednesday July 17, proposing to sell $539m of amortising bonds maturing in 2034. The bonds have a rating of Baa1/BBB/BBB — one notch below the Peruvian sovereign at all three ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.