Mexican Toll Road Preps Domestic Debt

Grupo Ideal’s Tijuana-Mexicali toll road concession has filed a program to raise up to MXP10bn ($786m) in Mexico’s domestic bond market, according to a filing. It plans to sell peso-denominated notes with a 30-year maturity. Proceeds will be used for investments for new projects, working capital and liquidity needs. Inbursa has been named as a bookrunner.