Toll Road Targets Novel Global MXP Sale

Toll Road Targets Novel Global MXP Sale

Mexico Bonds Structured Finance

Mexico’s Red de Carreteras de Occidente (RCO) is seeking to price a 15-year senior amortizing peso-denominated bond Wednesday in what would be the first structured cross-border deal of its kind, according to people familiar with the borrower’s plans. In its first visit to the international bond market, the road operator is betting on continued investor appetite for MXP exposure. RCO is looking at a deal of up to MXP10bn ($813m) with an 11.3-year weighted average life and 6-year principal grace p

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