Still, the future flows space did produce at least one novel transaction in July, as highlighted by IXE. Transportacion Maritima Mexicana securitized current and future payment from Petroleos Mexicanos, one of the largest oil companies in the world. Rated double-A on the national scale by Fitch, the 20-year deal came to Ps3 billion, and priced at 225 basis points over TIIE. More is on the way, with the debut making up only a third of the registered program, according to a source close to the first deal.
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