Pricing Emerges on FARAC Peso Jumbo

Pricing Emerges on FARAC Peso Jumbo

Loans

Pricing is out on a $3bn equivalent in Mexican pesos loan for the FARAC toll road. The biggest local currency syndication to date is a 7-year stepping up from 165bp over Libor in year one to 185bp in years two and three, 200bp in years four and five, and 225bp in years six and seven, say people familiar with the issue. Santander underwrote the deal and is leading syndication while joint-bookrunners Dexia and NordLB have committed to $500m each. MLAs are being asked to purchase tickets of $300m f

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