RCO Considers Local ABS Retap

RCO Considers Local ABS Retap

Mexico Bonds Structured Finance

Mexico’s Red de Carreteras de Occidente (RCO) is considering a reopening of its 5.25% UDI-denominated 2032 notes for up to MXP1.8bn ($140m), according people familiar with the borrower’s plans. “Given that up to MXP10bn is supported by a partial guarantee from government development bank Banobras, the company is exploring options, as it has large refinancing needs,” says a banker familiar with the borrower’s plans. It raised MXP8.12bn through the original toll-revenue securitization in Mexico’s

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