BBVA boosts the infrastructure market with the successful placement of Certificados Bursátiles Fiduciarios de CAMS (CBFs)

Committed to supporting the development of strategic infrastructure in Mexico, BBVA acted as placement agent in the successful placement of trust-backed certificates (CBFs) for Concesionaria Autopista Monterrey-Saltillo (CAMS). The issue totaled MXN5 billion in pesos, at 107 basis points over the UDIBONO 2041-2043, with a legal term of 30 years, balloon payments and real fixed format; it was rated “AAA(mex)” by Fitch Ratings and “HR AAA” by HR Ratings.

The issuance attracted outstanding demand, which came to MXN14.84 billion, a bid-to-cover ratio of 2.97 times. A broad and diversified investor base participated, including Afores, development banks, mutul funds, insurance companies, brokerage firms and private banks, reflecting confidence in CAMS' solid fundamentals and the structure of the instrument.

A strategic highway with global backing

CAMS, operated and maintained by Roadis Mexico, is a key concession in the north of the country, connecting the cities of Monterrey and Saltillo, two of the largest and most densely populated areas in the region. This highway, with high capacity and significant traffic, represents an essential infrastructure for connectivity, with high growth potential in the coming years.

Roadis, the multinational company responsible for the operation of CAMS, is a global player in the management and administration of transportation infrastructure concessions, mainly highways. As part of Public Sector Pension Investment Board (PSP Investments), one of the largest pension funds in the world, Roadis combines international experience with solid local operations, positioning itself as a leader in its industry.

Commitment to Mexico's development

BBVA is grateful to Roadis' for trusting it to act as placement agent in this strategic transaction, and reiterates its commitment to continue its support of projects that contribute to the development of transportation and infrastructure in Mexico. With this placement, BBVA reaffirms its leadership in the capital markets and its ability to offer innovative financial solutions that drive the growth of large corporations and institutional investors in the country.