TMM Plots Securitization Sequel

TMM Division Maritima is preparing to issue MXP4.45bn in 2028 bonds backed by payments from service contracts with Pemex. The transaction is a follow-up to a similar MXP1.55bn deal placed in May and backed by 5-year contracts its service ships signed with the state-owned oil producer. The new deal, involving a different set of contracts, is expected by mid-July. Value Casa de Bolsa is managing the sale. The last one was rated AA minus.