Liverpool, DF Line Mexico Offerings

Mexican retailer Liverpool is expected to sell MXP3bn-MXP4bn in local 2014 FRNs today via HSBC and Citi. And a MXP3.6bn offering from the Mexico City government is being readied for Wednesday via JPMorgan and Deutsche Bank. The DF offer will consist of 20-year fixed and 10-year floating rate notes, and is rated AAA(mex) by S&P. The remainder of notes authorized under a MXP4.5bn program is expected to be sold in an offering next week.