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Airport bonds show that Mexican traders learn to live with AMLO

Thursday, April 12, 2018

Investors in at least one corner of Mexico’s markets are making peace with Andres Manuel Lopez Obrador.

Green bonds backing the construction of Mexico City’s new $13.3 billion airport have been among the country’s best performing debt in the past few weeks as the presidential front-runner often referred to as AMLO pledged to make sure holders of $6 billion of notes would be protected even as he reiterated promises to shut the endeavor down if he wins.

Source: Bloomberg