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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 82,406.77 239 12.85%
2 Bank of America Merrill Lynch 71,317.58 219 11.12%
3 Wells Fargo Securities 62,984.09 198 9.82%
4 JPMorgan 45,920.23 145 7.16%
5 Credit Suisse 37,235.50 114 5.81%