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 […]
Category: Regions
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 […]
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 Sale and a Partnership Derailed
One company is high on ambition. The other is deep in
distress. The owners of Mexico’s top railroad now are feuding over
deal gone bad involving a choice asset.
