Megacable Raises Dual Currency Loan

Mexico’s Megacable has raised a dual currency loan denominated in pesos and dollars worth $260m, say bankers on the deal. The 2.4-year average life amortizer pays TIIE plus 65bp on the peso portion, and 65bp over Libor on the dollar portion, with roughly half allocated to each tranche. BBVA and JPMorgan led, with Scotia, BofA, Banamex, Rabobank and Santander as co-leads.