Peru’s Intersur to Issue $557 million in Secured Notes

Intersur Concesiones, a Peruvian entity owned by three developers, plans to issue $323 million in 2028 zero coupon bonds and $234 million in 2018 zero coupon bonds to finance the development and concession of toll roads in Peru. The bonds will be issued from vehicles called Interoceanica IV, and are backed by the Peruvian government. Moody’s assigned a Ba3 rating.