September 20, 2019 |
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.
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Mexican real estate developer stays home to raise another $49m for investments