One year on and some of the Mexican corporates that made big losses from bad bets in the foreign-currency derivatives market can finally see an end to their saga. One of them is Gruma, the country’s biggest maker of corn flour, which lost Ps11.2 billion ($847 million) from these trades after the peso plunged in value.
Last month the company signed deals with Royal Bank of Scotland and Standard Chartered to unwind a total of $36.8
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