Mexico’s RCO to drive more peso issuance

Mexican borrowers appear confident in the depth of the peso market as road operator Red de Carreteras de Occidente (RCO) looks set to come to market this week with a Ps10bn ($813m) bond aimed at international investors.

  • 22 May 2013

BBVA, Goldman Sachs, HSBC, Morgan Stanley and Santander are managing the deal for the BBB/BBB- rated borrower, which plans to use the proceeds to repay bank debt and fund its debt service reserve account.

RCO is planning to sell amortising senior unsecured notes maturing in 2028, but a ...

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