Primax readies $82.3 mn bond plans in Colombia

Primax Colombia, a subsidiary of the service station business owned by Peru’s Alicorp, is set to offer $82.3 million worth of bonds with tenors ranging from one to 12 years, it said in securities filings on Thursday. Bancolombia will be the placement agent for the 12 series of notes. Primax will use the proceeds to pay down debt and cover general corporate purposes. Fitch Ratings gave the upcoming notes an AA+(col) rating with a stable outlook.

Source: Latin Finance