Quito Airport talks dollar notes due 2033 to yield 12%; pricing expected Friday

By Rebecca Melvin

New York, March 7 – Initial price talk for Corporacion Quiport SA’s offering of dollar-denominated notes due 2033 was set at 12%, with pricing looking likely to occur on Friday, a syndicate source said on Thursday.

The minimum deal size for the Rule 144A and Regulation S notes is $350 million.

International Airport Finance, an affiliate of the Quito Airport, is the issuer of the notes, and Citigroup and Santander are joint bookrunners.

A roadshow regarding the notes wrapped up on Wednesday.

The proceeds are earmarked for various uses, including debt refinancing.

The airport operator is based in Ecuador.

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