AIH Eyes Bond Issue

Andino Investment Holding is expecting to raise $150m from a bond sale in the second half of this year at its Aeropuertos Andinos del Peru (AAP) airport concession unit, it says. The maturity has not yet been determined and the banks involved have not been selected, a company official says. AAP, 50% owned by AIH and 50% buy Corporacion America, is raising funds for expansion at its airports. AIH has raised $43m in the ECM, and also sold $110m in bonds at its Terminales Portuarios Euroandinos unit in a sale managed by Goldman Sachs.