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Quito International Airport
Why buy this bond?
The debt is senior insured and FIRST LIEN, i.e. the highest category.
Attractive income with regular semi-annual income payment
The company is audited by KPMG . The company's assets are $809,268,000 .
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about company
CORPORACIÓN QUIPORT SA operates the airport in Quito, the capital of Ecuador. The bonds are issued through a Spanish subsidiary and governed by Spanish (EU) law.
Quiport is the concessionaire of the Quito Airport Service, which includes the operation of the Mariscal Sucre International Airport, as well as the development, design, financing, construction, operation and maintenance of the New Quito International Airport.
Complete information
Issuer
International Airport Finance sa
The name of the issue
International Airport Finance,
12% 15mar2033
Currency
US dollar $
Emission volume
400,000,000 USD
The face value of the bond
$1000
Indicative market price
1010 USD
Discount
10 USD
Coupon from face value
12% p.a
Coupon payout frequency
Due date
semi-annual salary
15/03/2033
100% liquidity
Yes
Minimum volume
$200,000
Yield to Maturity
12.13% pa - before taking into account all costs
Preferred scenario
16.21% pa - before taking into account all costs
Rating
B-stable (Fitch)
Hierarchy of debt
Senior Secured & First Lien
You can find the prospectus for the bonds here:
12,000% Senior Secured Notes due 2033 - Prospectus
Hierarchy of debt
The debt is senior insured and FIRST LIEN, i.e. the highest category. The company can never issue more senior debt in the future. In the event of bankruptcy (we don't expect), this debt will always be the first to be satisfied.
Economy
The company is audited by KPMG.
The company's assets are $809,268,000.
Liabilities excluding stockholders' equity are $592,230,000 .
The biggest asset is the airport and its expansion with additional terminals, which are valued at USD 714,564,000 even after amortization._cc781905-5cde -3194-bb3b-136bad5cf58d_
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What are the company's goals for the future?
Mission
To provide efficient, safe and high quality airport services that offer users the best client experience. Strong human capital helps achieve financial, social and environmental sustainability.
VISION
To be a leader in the airport industry of the country or region and at the same time to become an engine of social and economic development for Quito and Ecuador.