Abengoa Project Preps Bond Takeout

Abengoa Project Preps Bond Takeout

Mexico Bonds Project & Infrastructure Finance

Abengoa Cogeneracion Tabasco (ACT) is heard to be preparing investor meetings this week via Credit Suisse for an up to $600m senior secured 2032 bond, after Fitch and S&P assigned a BBB minus ratings to the offering. The bulk of financing is expected to take-out bank debt, while the remainder will cover construction costs to build a gas fired co-generation plant that will operate within a complex owned by Mexican state-owned oil company Pemex (BBB), which is the sole off-taker. ACT is a special

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