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BBVA Bancomer hops from tollroads to waterworks

In the works since at least September, the Veracruz-Cardel securitization of future toll-road revenues hit the market Feb. 4. BBVA Bancomer was lead manager and Inbursa was co-lead. Amounting to Ps700 million (US$64 million), the deal's originator is the Veracruz-Cardel highway, which links the steamy Gulf port of Veracruz...

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