Mexico sold the largest-ever bond in British pounds placed by an emerging market issuer, locking in low prices in a demanding market that few Latin American issuers can access on a regular basis.
Category: Regions
Pemex Heads for Home
Taking advantage of strong domestic demand for peso-denominated paper, Mexico’s national oil company launched the country’s largest-ever peso bond and got bargain pricing.
The Next Frontier
Mexico’s nascent private equity industry is picking up as investors identify promising opportunities. All they need now is to find an exit.
Impressing the Local Crowd
Coca-Cola Femsa, the Mexican soft drink bottler, has never had much need for the capital markets because of its ability to generate vast amounts of cash. The Monterrey-based company had […]
In a Class of Its Own
Mexico notched up a remarkable number of firsts in the markets last year. It was the first emerging markets borrower to issue bonds with collective action clauses, it retired its […]
Mexico Launches Another First
Mexico capped a three-year campaign in 2003 to construct an even and long-dated yield curve in the local market when it successfully place a MP$1.19 billion ($108 million) 20-year fixed […]
Movil Moves Beyond Mexico
América Móvil, Mexico’s biggest cellphone company, blazed a trail across Latin America in 2003, building up a regional network. Armed with a healthy balance sheet and access to low-cost financing […]
Putting on the Polish
Mexico’s dominant telecommunications company, Teléfonos de México (Telmex), firmly established itself as a polished, global issuer when it placed three-quarters of its $1 billion five-year bond with US high-grade investors […]
Putting Receivables to Work
Asset-backed bonds, especially those backed by future flows, have become popular among private sector issuers in Mexico. But Comisión Federal de Electricidad (CFE), Mexico’s federal electricity monopoly, in April became […]
Slow and Steady Won the Race
A decade ago, the Coca-Cola Company designated several companies as Latin America’s anchor bottlers. One was Mexico’s Coca-Cola Femsa and the other was Panama-based Panamerican Beverages. The companies quickly became […]
