RCO structured deal drives Mexican peso innovation

LatAm bankers hailed the depth and growing maturity of the local currency markets as Mexican road concessionaire Red de Carreteras de Occidente (RCO) sold Ps7.5bn ($602m) of amortising bonds with a final maturity of 2028 on Wednesday.

  • 24 May 2013

The bond, secured against road tolls, was the first structured deal of its kind in the global peso market.

"Previous peso issuances have been from companies like América Móvil and Televisa that are well-known to analysts and investors," said one syndicate banker. "This is not a mega-cap company and ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 24.70
2 Rabobank 23.18
3 Morgan Stanley 11.45
4 Credit Agricole 8.72
5 BNP Paribas 7.31

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 Bank of America Merrill Lynch 8,769.59 26 12.43%
2 Wells Fargo Securities 8,159.79 28 11.56%
3 Citi 5,573.44 23 7.90%
4 JPMorgan 4,735.14 16 6.71%
5 Morgan Stanley 3,725.45 12 5.28%