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Green Evaluation: Consorcio Transmantaro S.A.'s $200 Million Proposed Senior Unsecured Green Notes

Consorcio Transmantaro S.A. (CTM or the company) is dedicated to the construction, operation, and maintenance of power transmission networks and system development in Peru, with around 4,261 kilometers (km) of transmission line circuits in operations in 500, 220, and 138 kilovots (kV). CTM plans to issue $200 million of senior unsecured notes in September 2020. CTM will use the proceeds to refinance and finance the construction of the Nueva Yanango-Nueva Huánuco and Mantaro-Nueva Yanango-Carapongo transmission lines (‘Coya-Yana’ or ‘the Project’) and associated substations. This will allow the dispatch of renewable energy (hydro) into Peru’s National Interconnected Electric Power System (Sistema Electrico Interconectado Nacional or SEIN), which will result in lower carbon-intensive based fuel volumes used and consequently, substantial emissions savings. The notes will mature in 2034.


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