Mexican Lender Gets Debt CCD

Mexican Lender Gets Debt CCD

Mexico Bonds

Mexican specialty finance institution Navix has closed a MXP4bn infrastructure-focused certificado de capital de desarrollo (CCD) transaction, the first such deal to focus fully on debt investment. The 10-year deal creates a fund that will make loans to contractors and sub-contractors of state-owned energy companies Pemex and CFE, according to regulatory documents. A person close to the deal, talking on condition of anonymity, notes strong expectations for funding needs from the sector going for

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