Banamex Plans Debt CCD

Banamex Plans Debt CCD

Mexico Bonds

Banamex has filed for a new certificado de capital de desarrollo (CCD) issuance in the Mexican market, but with a twist. Unlike most CCDs, this fund will invest in debt rather than private equity, with the idea of providing the Afores with a broader – and higher-returning – array of debt investments. Afores have had a limited menu of investment options in the Mexican market where, according to the filing, between 2003-2011 just 16 issuers have accounted for over 80% of certificados bursatiles of

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