TMM Maritima Set for Pricing Next Week

A chunky MXP4.39bn securitization from TMM Maritima, the offshore rig servicing contractor, has been pushed back by a week and is now set to price between July 1 and July 9, says a banker on the deal. The delay is due to pending paperwork at the exchange, he adds. The bonds have a 20-year final, 14-year average life, with duration of roughly 9 years. A range of 195bp-215bp over 28-day TIIE has been set, but bankers say market conditions will almost surely lead to a pricing above 200bp. The notes are backed by Pemex contracts. Value Casa de Bolsa is leading.