Ferromex Repays Debt

Mexico’s Ferrocarril Mexicano has paid off MXP1.2bn in 5-year floating-rate local notes due Thursday, it says. Ferromex, the railroad unit of copper miner Grupo Mexico, said the paid using its own cash, and is left with $8m in bank debt due next year, MXP1bn in peso notes due 2014, and MXP1.5bn in peso notes due 2022.