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Senda Weighs Refinancing Options

Feb 25, 2013

Facing a $150m bond maturity due in 2015, Mexican bus operator Grupo Senda is looking at both the bond and loan markets, its CFO says. Ideally the new debt would be peso-denominated, and the borrower is currently discussing a bank loan with lenders. If the size...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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