STRUCTURED FINANCING: RCO MXN7.5bn project bond

Jan 17, 2014

Project bonds and local currency debt have each drawn growing appetite from investors. But to combine the two deal types was unprecedented in Mexico

Infrastructure financing is no longer a game just for bank lenders. Increasingly, bond investors have been showing an interest in such risk.

Red de Carreteras de Occidente, a network of Mexican toll roads, picked up on that trend when it needed to raise cash in early 2013.

The company’s revenues are...

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