PGGM-Backed French Toll Road Operator Refinances

Posted on 08/09/2016

French toll road operator Autoroute de Liaison Seine-Sarthe S.A. (Alis) has redeemed a wrapped bond. This occurred through the issuance of debt, essentially senior secured bonds. Alis issued up to €890 million of senior secured bonds in two tranches maturing in year 2032 and year 2046 to refinance its existing senior financial indebtedness. The retiring […]

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