By Christine Van Dusen
Atlanta, May 23 - Mexico's Red de Carreteras de Occidente SAB de CV (RCO) priced Ps. 7.5 billion 9% notes due 2028 (//BBB-) at par to yield 9%, a market source said.
The notes were talked at a yield in the mid-9% area.
Other details were not immediately available on Thursday.
The company is a highway operator based in Jalisco, Mexico.
| Issuer: | Red de Carreteras de Occidente SAB de CV (RCO)
|
| Amount: | Ps. 7.5 billion
|
| Maturity: | 2028
|
| Description: | Notes
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Trade date: | May 23
|
| Ratings: | Fitch: BBB-
|
| Price talk: | Mid-9% area
|
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