Mexcat bondholders could spurn Amlo’s tender first move

Mexico’s new government acted swiftly to show that it would at least engage with financial markets this week. But investors' reaction to a tender offer for Mexico City airport bonds suggested it was the beginning of a troublesome relationship.

  • By Oliver West
  • 06 Dec 2018

On the first business day in office of new president Andrés Manuel López Obrador (Amlo), Mexico City Airport Trust (Mexcat) announced its intention to buy back up to 30% of its outstanding international bonds. 

Mexcat is the vehicle through which government-owned Grupo Aeroportuario de la Ciudad de México (GACM) ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,375.29 34 9.61%
2 HSBC 7,028.54 49 9.16%
3 JPMorgan 6,581.94 30 8.57%
4 BNP Paribas 4,645.31 13 6.05%
5 Deutsche Bank 3,627.97 23 4.73%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 1,663.44 4 15.44%
2 Morgan Stanley 1,595.10 4 14.81%
3 JPMorgan 1,278.49 5 11.87%
4 Scotiabank 1,050.85 4 9.76%
5 Citi 1,002.40 5 9.31%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,884.96 9 15.58%
2 JPMorgan 3,300.70 8 13.24%
3 BNP Paribas 3,182.92 4 12.76%
4 HSBC 2,054.96 8 8.24%
5 Saudi National Commercial Bank 1,604.15 2 6.43%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
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

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 AXIS Bank 85.65 1 100.00%
Subtotal 85.65 1 100.00%
Total 85.65 1 100.00%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 510.75 4 16.00%
2 State Bank of India 401.68 3 12.59%
2 Citi 401.68 3 12.59%
4 MUFG 330.94 3 10.37%
4 Barclays 330.94 3 10.37%