September 25, 2013
When a specialty Mexican hospital sought to raise cash in 2012, it had little inkling of how involved the process would become. But what quickly became clear was that attempting to offer a bond that had never before been tested in the peso market would demand extensive marketing to skeptical investors.
Yet the sale of the bonds by Desarrollo y Operación de Infraestructura Hospitalaria de Ixtapaluca (Doihi) ultimately proved not only successful — it also marked a significant advance for a new asset class. As such, Doihi wins the award for Best Social Infrastructure Financing.
The 1.9 billion peso ($156 million) bond, backed by government contracts for health services, was first disc
With bonds backed by government health contracts, a Mexican hospital financing opens the way for further deals