Toll Road Targets Novel Global MXP Sale

May 21, 2013

Mexico’s Red de Carreteras de Occidente (RCO) is seeking to price a 15-year senior amortizing peso-denominated bond Wednesday in what would be the first structured cross-border deal of its kind, according to people familiar with the borrower’s plans. In its first visit to the international bond market, the road operator is betting on continued investor appetite for MXP exposure. RCO...

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