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Pinfra Launches FO

Sep 24, 2012

Promotora y Operadora de Infraestructura (Pinfra) has launched its equity follow-on, according to regulatory documents, setting an October 4 pricing date. The Mexican infrastructure firm is planning to sell 70.4m shares, including a 15% greenshoe, which would indicate an MXP4.97bn ($386m) sale at...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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