Mexico should see further equity issuance in the next two months, following the market’s first deal of the year in July, according to Sebastien Chatel, head of Latin America equity capital markets at Bank of America/Merrill Lynch. "I think in the second half of this year, in September or October, we are likely to see one or two follow-on transactions out of Mexico," he says.
Last month ICA, a Mexican infrastructure developer, successfully reopened the dormant Mexican equity market with a P$2.26 billion ($168 million) follow-on transaction. Merrill Lynch led the deal, which was ICA’s third visit to the equity markets in four...
