April 2, 2013
Red de Autopistas de Nuevo Leon plans to raise up to MXP1.5bn ($121m) in Me
Red de Autopistas de Nuevo Leon plans to raise up to MXP1.5bn ($121m) in Mexico's domestic bond market Friday, according to sources familiar with the sale. The borrower plans 34-year UDI-denominated bonds, backed by tolls from the Monterrey-Cadereyta highway. The sale would raise funds for improvements to the road. HSBC is sole lead on the transaction, rated AA minus on a national scale. LatAm Capital Advisors is structuring agent.