BBVA and BofA to Underwrite Mexico School Bonds, Ministry Says

  • Pena Nieto is targeting 50 billion pesos by the end of 2018
  • Debt proceeds will go to fix up as many as 32,000 schools

Banco Bilbao Vizcaya Argentaria SA and Bank of America Corp. will serve as the underwriters for Mexico’s education infrastructure bonds, as President Enrique Pena Nieto targets raising 50 billion pesos ($3 billion) through 2018 to improve underdeveloped or crumbling schools, largely in the poorer south.

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