Herradura Occidente drives forward ABS plans

Herradura Occidente drives forward ABS plans

Bonds

Mexican bus company Grupo Herradura Occidente (GHO) plans to sell a securitization of up to MXN3bn ($229m) this month, LatinFinance understands. The 15-year amortizing deal will be backed by GHO's transport assets, which include nearly 700 buses, and future ticket sale revenues. BBVA, Finamex, HSBC and Santander lead the transaction, rated AA- by S&P and AA+ by HR on a local scale. GHO is part of the IAMSA transport conglomerate, which last year priced a MXN3.5bn ($276m) securitization in Mexico

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