Veracruz Eyes Repeat Vehicle Securitization

Veracruz Eyes Repeat Vehicle Securitization

Mexico

The Mexican state of Veracruz is preparing to sell MXP1.5bn in bonds backed by vehicle ownership tax revenue, using the same structure as a 2006 vehicle tax securitization. Veracruz aims to split the issue into equal MXP and UDI-denominated tranches

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