Mexcat bondholders look to delay tender take-off

Questions over covenants and collateral gave a pause a rally in bonds issued by Mexico City Airport Trust (Mexcat) on Tuesday, with one group of bondholders publicly challenging plans to amend the notes' documentation.

  • By Oliver West
  • 05 Dec 2018

Law firm Hogan Lovells is representing the bondholder group, which says it represents at least half of the owners of at least half of one of the issuer’s four international bonds.


The bondholders did not even need two days to express their opposition to Mexcat’s proposals to change certain ...

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Bookrunners of International Emerging Market DCM

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4 Standard Chartered Bank 17,112.67 115 6.10%
5 Deutsche Bank 11,837.49 63 4.22%

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3 Citi 2,899.36 14 8.81%
4 Morgan Stanley 2,844.36 8 8.65%
5 Santander 2,639.35 13 8.02%

Bookrunners of CEEMEA International Bonds

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1 JPMorgan 12,303.53 41 12.46%
2 Citi 10,525.61 36 10.66%
3 Standard Chartered Bank 9,665.29 37 9.79%
4 HSBC 6,799.03 30 6.88%
5 Deutsche Bank 5,013.13 10 5.08%

EMEA M&A Revenue

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1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

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2 MUFG 848.66 4 12.74%
3 Industrial & Commercial Bank of China - ICBC 742.79 3 11.15%
4 JPMorgan 369.88 4 5.55%
5 SG Corporate & Investment Banking 293.72 4 4.41%

Bookrunners of India DCM

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3 JPMorgan 1,015.66 11 10.11%
4 Citi 906.15 10 9.02%
5 Barclays 767.96 9 7.65%