Default of Panama deal hits Hancock, CSFB

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Bibliographic Details
Published in:	Asset - Backed Alert (Jun 25, 2001), p. 1-3
Main Author:	Anonymous
Published:	HARRISON SCOTT PUBLICATIONS
Subjects:	John Hancock Life Insurance Co Credit Suisse First Boston Loomis Sayles & Co Inc Panama Bonds Default Construction industry Bond ratings Tolls Roads & highways Trucking industry Investors
Online Access:	Citation/Abstract Full Text Full Text - PDF
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Description
Abstract:	John Hancock Life, Credit Suisse First Boston, and Loomis Sayles & Co. hold the lion's share of the $126.5 million of bonds still outstanding from Pycsa Panama's offering, which is backed by tolls that drivers pay to use the Madden Segment and Northern Corridor highways near Panama City. A likely scenario will involve the construction of a $94 million extension connecting the northern corridor to the southern corridor, a move that Pycsa believes will make the thoroughfare more profitable.
ISSN:	1520-3700
Source:	Accounting, Tax & Banking Collection