DF Sells Bonds, Mulls Offering More

The Mexico City government is considering the sale this week of the remainder of bonds authorized under a MXP4.5bn shelf, following a MXP3.0bn sale last week. The deal included a MXP575m 2027 tranche at 8.65% and a MXP2.43bn 2017 tranche at TIIE minus 5bp. Proceeds go towards 20 different public works projects, mostly relating to the DF metro and water systems. JPMorgan and Deutsche Bank managed the sale.