December 8, 2009
The Mexican state of Chihuahua is planning to raise MXP1.3bn in ABS backed
The Mexican state of Chihuahua is planning to raise MXP1.3bn in ABS backed by highway tolls. The 2022 floating-rate issue would be the second from an MXP5.5bn shelf and follow the MXP4.2bn issue last month, which pays TIIE plus 290bp. Value and Inbursa are managing the sale, rated AA+ on a national scale and expected by the end of the year. Proceeds are marked for various public work projects, according to regulatory documents.