Acciona pays price for launching duo in August
A pair of Mexican wind farm project bonds breathed momentary life into the moribund Latin American market this week, but Spanish owner Acciona paid the price for issuing in August in the form of a yield wide of initial guidance.
The two notes, Oaxaca II and IV, had been in the pipeline for nearly a fortnight, following an extensive roadshow that began on July 18 and lasted for more than a week.
Price guidance was set at 6.5% on July 31, with target sizes for the issues of $164.5m
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