FARAC Retail Syndication Pokes Along

Dec 31, 2007

Retail syndication of a $3.7bn peso-equivalent loan for Mexico’s FARAC toll road concession is moving along slowly with little fanfare. Some MLAs want to reduce and are arranging to sell down portions of their holdings to new participants. The process is being coordinated by...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management