Mexicans Rush to Place CCDs

Mexicans Rush to Place CCDs

Funds

The heat is on for Mexican issuers looking to raise capital form Afores using the new Certificados de Capital de Desarollo (CCD) structure. “There’s a large pool of resources, but it’s also limited,” says a banker working on a handful of deals. “There’s a perception that those who go first will be the ones to take the best advantage [of this liquidity,]” he adds. Wamex and Macquarie are slated to begin bookbuilding this week. Wamex is looking to raise around $100m-equivalent in notes. Investors

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