IDEAL Concessions Ready MXP Debt

IDEAL Concessions Ready MXP Debt

Mexico Bonds

A group of four Impulsora de Desarollo y el Empleo en America Latina (IDEAL) toll road concessions is planning to raise debt, according to a regulatory filing for a program of up to MXP5bn ($406m) in Mexico's domestic market. The Banco Invex trust is issuing on behalf of four toll roads in IDEAL’s portfolio. Size, tenor and timing for the transaction remain to be set, according to a banker on the deal. The new program replaces a previous MXP10bn program, under which 30-year bonds were to be issu

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