Lima Road Targets Debt by Year-end

Ruta de Lima, a $900m Peruvian toll road project expected to require some $700m in debt financing, is likely to raise funds close to the end of the year, according to people familiar with the matter. A combination of bonds and project finance loans could be on the table for the Odebrecht-sponsored project, now in the due diligence stages, with one person following the deal expecting the borrower to primarily target the international bond market. BBVA, Goldman Sachs and BCP are working as bookrunners and MLAs. Ruta de Lima is 114km project done under a 30-year concession.