OHL Group Annual Report - Grupo Villar Mir

Highlights
FINANCING
BRAZIL
2010 OHL Group Annual Report
In the framework of the OHL Group’s policy of financing concessions through nonrecourse
borrowing and in local currency, OHL Brasil successfully completed two bond
issues made by its four São Paulo concessionaires, Autovias, Centrovias, Intervias
and Vianorte. In the first four, subscribed in the month of April, a total of 1,372 million
Brazilian reais were obtained by the four subsidiaries. The last two, made by Autovias
and Intervias, contributed an additional 400 million reais.
In addition to these bond issues, and also in line with the financing strategy for the
investments made by the federal network concession companies, in December 2010
OHL Brasil concluded a long-term financing agreement with the Banco Nacional de
Desenvolvimento Econômico e Social (BNDES) of Brazil in the amount of 1,070 million
reais for the subsidiary, Autopista Régis Bittencourt, to replace the 332 million reais
in financing it had secured on a short-term basis.
In January 2011, BNDES approved another long-term loan of 331 million reais for
Autopista Planalto Sul, also a concession subsidiary in the federal network.
MEXICO
During the financial year, OHL Concessions prepared and successfully concluded
the listing of its subsidiary, OHL México (formerly, OHL Concesiones México) on the
Mexican Stock Exchange. The shares commenced trading on November 11, 2010, and
the OHL Group maintains a 73.85% interest in the company.
Sections of Autovias (left)
and Centrovias, two of the
four toll roads operated by
OHL Brasil in the São Paulo
state network.
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