Mexican Preps Domestic Toll Road Securitization

Mexican Preps Domestic Toll Road Securitization

Mexico Bonds Structured Finance

Mexico’s Red de Carreteras de Occidente (RCO) is planning to begin marketing next week a toll road securitization targeting MXP6bn-MXP8bn ($450m-$600m), according to sources following the process. It would be the first such sale in Mexico since October of last year, the first for RCO – winner of the 2007 road concession originally known as Farac – and would represent a sizeable transaction for a Mexican local securitization market seeking greater supply. RCO is targeting MXP6-8bn, though it coul

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