IDEAL Road Concession Readies Debt

IDEAL Road Concession Readies Debt

Mexico Bonds Structured Finance

Impulsora de Desarollo y el Empleo en America Latina’s (IDEAL) plan to raise up to MXP10bn ($786m) in Mexico's domestic bond market at four of its toll roads is gaining momentum, with Moody’s assigning an Aa2 to the Banco Invex trust issuing on behalf the concessions. IDEAL plans to sell peso-denominated notes with a 30-year maturity. “The total amount approved under the Invex program is MXP 10bn and the entire amount is expected to be used in the first issuance,” the agency says. The four conce

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