Politics

Transmantaro eyes Green bond

Using a smartphone to calculate data

NEW YORK, April 5 (IFR) - Consorcio Transmantaro (CTM) started meetings last week to market a US dollar Green bond issue with a final maturity of 15 years and an average life of 12 years.

The power transmission company visited investors on Thursday and Friday in Lima and New York. This week it will be in Santiago and London on April 8, Los Angeles and Boston on April 9 and Los Angeles and New York on April 10.

The borrower is targeting a US$400m size, with proceeds to be largely used to fund redemptions on CTM's outstanding bank loans and for capital expenditures, according to Moody's.


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