Mexico Keeps Road Securitizations Rolling

Mexico Keeps Road Securitizations Rolling

Mexico Bonds Structured Finance

Mexico’s domestic debt market continues to see road securitization activity, with Concorcio de Mayab raising MXP4.5bn ($346m) in the country’s second-largest such transaction this year. The ICA-owned operator priced a MXP1.2bn ($92m) 2034 peso-denominated tranche with an 11.3-year average life at 9.67%, or Mbonos+420bp. A MXP3.3bn ($254m) 2034 UDI-denominated portion with an 11.7-year average life priced at 5.80%, or Udibonos+418bp. Investors and analysts had been expecting a spread to each tran

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