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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,624.20 342 12.98%
2 Bank of America Merrill Lynch 99,769.11 286 10.92%
3 Wells Fargo Securities 86,271.10 256 9.44%
4 JPMorgan 67,323.36 205 7.37%
5 Credit Suisse 49,265.86 144 5.39%