Grupo Mexico Generator Preps Project Bond

Grupo Mexico Generator Preps Project Bond

Mexico Bonds

Grupo Mexico’s Mexico Generadora de Energia (MGE), an electric power generation project supporting mining operations, is preparing a $564.2m 2032 bond, according to Moody’s, which assigns a Baa2 rating to the deal. MGE is heard to be starting a roadshow today with expected visits to US and Latin American accounts through November 28. A 144A/RegS senior secured transaction with a 13-year average life is expected to follow. The 500-megawatt gas-fired electrical power facility has a 20-year power p

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