Pinfra Parks Equity Sale at Discount
Mexico’s Promotora y Operadora de Infraestructura (Pinfra) has priced a MXP4.43bn ($349m) equity follow-on, coming at an 8.5% discount. The Mexican concession operator priced 70.4m shares, including the assumption of a 15% greenshoe, at MXP63.00 each, it says, versus Thursday’s MXP68.85 closing price. The shares closed down 2.21% at MXP67.33 Friday, on a day when the Bolsa gained 1.24%. Pinfra's order book was 2x covered, according to bankers on the sale, with the...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.