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Taboada Raises Wastewater ABS

Mar 15, 2011

The Taboada wastewater treatment plant in Lima has closed a PES942m ($340m) ABS. The three-tranche deal was placed mainly with local market investors, bankers say, but also saw some international participation. The bonds priced at par and pay the VAC – an inflation measure linked to the IPC inflation index – plus 5.965%. This is just inside of inflation plus 6.0% area indications investors had received previously. It comes in line with the inflation plus 5.2% yield seen last year on a...

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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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