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.
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 […]
Sticky Money for Mexico
Mexican public credit officials and investment bankers from Citigroup and Deutsche Bank crisscrossed Europe last May and detected demand among institutional investors for a large, liquid, non-dollar global benchmark bond. […]
A Bond With A Twist
Pemex, Mexico’s state-owned oil monopoly, faces an unusual problem for a major oil company. Although it is one of the world’s largest oil producers, it is financially overstretched because it […]
A City Sidesteps Federal Help
The quest for money to build a water treatment plant led a Mexican city to devise a new financing mechanism that may help raise money for local government projects in […]
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 […]
