GANA Brings Back MXP ABS

Apr 19, 2011

An OHL subsidiary priced an MXP1.7bn 2031 UDI-denominated toll road securitization at par with a 6.64% coupon to yield 338bp over the 2025 Udibono benchmark. The pricing is in line with 6.60%-6.70% price talk for OHL Mexico’s Grupo Autopistas Nacional (GANA). The deal was...

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

Jan Dehn, Ashmore Investment Management