DF Preps Domestic Debt

The government of Mexico’s Distrito Federal will look to issue up to MXP2.0bn ($153m) in the domestic bond market in the third week of November, according to sources familiar with the plans. Guaranteed by the federal government, the 15-year bond is rated AAA on a national scale. Banorte-Ixe and Santander are managing the transaction. In December of last year, the district’s government sold MXP1.77bn in 5-year bonds at TIIE+30bp.