O'Donnell sticks with pesos with CKD reopening

O'Donnell sticks with pesos with CKD reopening

Capital Markets Equity Debt Loans Funds Fixed Income Asset Management Structured Finance Mexico

Mexico's O'Donnell Capital Management decided to stick with pesos when it reopened its Certificados de Capital de Desarrollo (CKDs) for MXN945m ($48.7m), rather than seek funding abroad. "We raised funds in a difficult environment. The airport cancellation, the general market sentiment and the distraction of investors by CerPIs all got us nervous," Javier Luna, head of funding at O'Donnell, told LatinFinance. The department store chain Coppel acquired all the 10-year certificates in the restri

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