Investors jump on IEnova’s Mexican flavour
Mexico’s largest private sector energy company, IEnova, was overwhelmed with orders on Thursday as bond investors welcomed the chance to pick up some new paper not from Brazil or Argentina.
As portfolio managers struggled to keep up with a seemingly interminable flow of high yield deals from Brazil and Argentina, Baa1/BBB/BBB+ rated IEnova (Infraestructura Energética Nova) was plotting a dual-tranche deal that it said would not surpass $840m in size.Leads Bank of America Merrill Lynch, Citi ...
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