The consortium known as Century XXI Dominican Airports (Aerodom) declared yesterday, Wednesday 18 September, that it has not violated any law with the private issue of bonds on the international capital markets for a total value of US$500 million. According to a statement from the head office of Advent Airports B.V., Latin American Division, with headquarters in Bermuda and published on their Twitter account, the company says that the value of the bonds is guaranteed by the assets of the companies that make up the consortium. Aerodom says the country gains because this transaction contributes to the access by other Dominican companies to the international capital markets.
“Aerodom’s financial performance is very good and in no way has been compromised by the bond emission that is being questioned. It should be mentioned that the emission has been graded by the Standard & Poor and Moody’s agencies, and they gave it a rating of BB- and Ba3, respectively. These levels are above the grades assigned to the sovereign debt issued by the Dominican government,” they concluded.
http://www.diariolibre.com/noticias/2013/09/19/i402902_aerodom-dice-bonos-cumplen-ley-senadores-niegan-versian.html