Mexican Local Debt Expected Today

Mexico City’s government is expected to launch the sale of MXP3.64bn in local bonds today. The offering via Deutsche Bank and JPMorgan consists of a 20-year fixed and a 10-year floating-rate tranche. Sigma Alimentos is also preparing an issue of up to MXP2bn in 2014 fixed and 2012 floating-rate notes, through Bank of America. And Wednesday, Geo filed a MXP2bn shelf to issue UDI or peso bonds via Banorte.