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Grupo Mexico Mines for Jumbo Loan

Nov 17, 2009

After getting a court decision giving it control over bankrupt US miner Asarco, Grupo Mexico is rolling out a new jumbo M&A loan to finance the acquisition. The dual currency facility totals $1.5bn and is targeting a December close, say bankers close to the deal. Grupo Mexico is shooting for a BBB minus rating, which would result in a spread...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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