BBVA Bancomer acted as Global Coordinator and Lead Underwriter of the primary public offering totalling almost MXN 7,000 Mn (USD $521Mn).
The offering was met with a strong response, and a total of 1,758 equity clients and 16 domestic institutional investors participated.The breakdown of the offering was: 44.6% local investors and 55.4% international investors.
50% of the proceeds of the offering will be used to cover the company's cash needs and finance investment plans for its current concessions, and the remaining 50% to implement new projects.
Casa de Bolsa BBVA Bancomer continues contributing to the development of the capital market and to the transportation infrastructure business in Mexico, demonstrating once again its leadership as underwriter and its commitment to this country's development.
BBVA Bancomer's Executive Director of Equity Capital Markets, Ruy Halffter, remarked that "the offering was well received by the investing public, because OHL is a leading company that plans to expand and diversify its presence in the Mexican transportation infrastructure sector." He said that through major transactions like this one, the industry is gaining a stronger position in the Mexican capital market, and that BBVA is increasing its strength as underwriter and investment promoter, maintaining its commitment to the nation's development.
OHL México is one of the leading private transportation infrastructure operator and concession holder in Mexico, and is foremost in the Mexico City metropolitan area. In terms of concessions awarded and kilometers administered. The company's portfolio of activities includes concessions on six toll highways and one airport operation.