Tickets please! Chilean bus company securitisation hits the road
Inversiones Alsacia, a Chilean bus concession company, launched an innovative $464m securitisation this week. The 7.5-year deal was priced at 8%, with Bank of America Merrill Lynch, JP Morgan and Pierce, Fenner & Smith lead managing.
Bankers said it was the first unwrapped international securitisation in the Latin American transport sector and the structure could be replicated across the region.The deal was designed to raise capital for Alsacias acquisition of a controlling stake in a rival bus concession company, Express de Santiago. Alsacia ...
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