OHL Prices Follow-on Against Rough Backdrop

OHL Prices Follow-on Against Rough Backdrop

Mexico Equity

OHL Mexico has priced a MXP6.99bn ($524m) equity follow-on, landing at a slight discount to a share price that had been hit hard in the last few days along with the rest of the Bolsa. The Mexican unit of the Spanish concession operator is selling 241.2m primary shares, assuming a 15% greenshoe, at MXP29.00 each, according to a person following the sale. The price compared to Thursday’s MXP29.84 closing price. The shares had fallen 13.5% what in June, versus a 9.8% drop in the Mexican Bolsa durin

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