H2Olmos Taps Domestic Bond Market

H2Olmos has issued PES330m ($128m) in Peru’s local bond market. The water concession unit of Brazil’s Odebrecht sold a PEN78m 2018 bond paying 5.40% and PEN253m inflation-linked 2032 bond with an interest rate of 4.25%. The 6-year tranche saw 2.75x demand and the 20-year 2.26x. Scotia managed the sale, rated AA+/AAA on a national scale. H2Olmos has a 25-year concession to construct, operate and maintain the Olmos irrigation project in Peru.