Tocumen to Issue $650 Million in Bonds


News from Panama / Wednesday, July 17th, 2013

The bonds will be issued in July and August, and the funds will be used for the airport’s expansion program, said the operator of Tocumen International Airport.

According to the Minister of Economy, Frank De Lima, the securities will be issued both in the local and international markets, but the percentages for each have not yet been established.

“We are waiting for the rating agencies to finalize their report for the international component and for auditors to deliver audited financial statements and then we will carry out the issue,” he added.