Banobras Supports CCD Flow

After investing in 20% of a MXP3.4bn Certificado de Capital de Desarrollo (CCD) issued in December by Australia’s Macquarie, and a likely similar investment in an infrastructure CCD from LatAm Capital Advisors, the Mexican government plans to continue supporting infrastructure-focused CCDs. “The objective is not to let any infrastructure project suffer from lack of finance,” says Sergio Forte, deputy director of investment banking at government infrastructure bank Banobras. Forte says there are 7 funds in the pipeline seeking liquidity, and that bank could invest as much as $1bn equivalent within the next year. Forte was speaking at the LatinFinance Latin America Europe Investors Forum last week in London.