This case shows how the international capital markets were used to obtain financing for the expansion of limited access highways in Mexico. Structured as Rule 144A transaction represented the offer in the future to support Mexican Peso denominated toll revenues of two toll roads in U.S. dollar denominated securities. View of the sponsor, provided a means to remove the deal from its balance sheet indebtedness, while the control of the assets. Investors bought high-yield … Read more »

This case shows how the international capital markets were used to obtain financing for the expansion of limited access highways in Mexico. Structured as Rule 144A transaction represented the offer in the future to support Mexican Peso denominated toll revenues of two toll roads in U.S. dollar denominated securities. View of the sponsor, provided a means to remove the deal from its balance sheet indebtedness, while the control of the assets. Investors bought high-yield securities, the support of two toll roads, with an operating history (and no construction risk). The drastic devaluation of the peso in December 1994, more than doubled the liability in U.S. dollars and offers the opportunity to the Fund’s ability to continue to take into account to support the notes. This case allows students on the financing of private investment in infrastructure through the capital market focus. It is designed to students about the risks that are common in cross-border project financing where lenders have to teach limited or no recourse to the project sponsor. Developed with respect to the financing structure for this transaction, the students like to see specific provisions trap sales in the Trust, and to protect the interests of depositors. HKS case number 1,485.0
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from
Jay H. Walder
14 pages.
Release date: 01 December, 1998. Prod #: HKS061-PDF-ENG
The Tribasa Toll Road Trust HBR case solution

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