Creating and distributing additional copies is prohibited without the permission of the publisher. Contact

RCO Taps Global MXP Demand

May 23, 2013

Mexico’s Red de Carreteras de Occidente (RCO) has priced the first peso-denominated cross-border structured transaction of its kind, raising MXP7.5bn ($603m). The deal was heard drawing over MXP12.0bn in demand, capitalizing on international enthusiasm for the peso while presenting a structure with protections that made enough buyers comfortable. The 2028 senior amortizer priced at par with a 9.0% coupon to yield Mbonos+410bp, and tight to low-9% guidance that followed mid 9%...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


Are populist governments like Venezuela & Argentina turning pragmatic?