DF Expected at End of November

The government of Mexico’s Distrito Federal will look to issue up to MXP2.0bn ($152m) in the domestic bond market November 29 or 30, according to sources familiar with the plans. The pricing had been expected as soon as next week. 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, DF sold MXP1.77bn in 5-year bonds at TIIE+30bp.