DF Prices Domestic ABS

The government of Mexico’s Distrito Federal has issued MXP2.13bn ($162m) in domestic bonds, according to regulatory documents. The 10-year fixed-rate notes pay 7.05%, and are backed by future revenues passed down from Mexico’s federal government. The capital city’s government is raising money to fund infrastructure projects and to repay debt, and had been targeting up to MXP3bn. Santander managed the transaction, rated AAA on a national scale. In November of last year, DF sold MXP2.5bn in 15-year bonds at 6.85%, or Mbonos+85bp. Coming up this week, Fibra Uno will look to raise MXP13bn-MXP18bn in the first bond sale from a Fibra real estate fund. The transaction was postponed from last week. In an other deal moved to this week from last, Banco Interacciones is targeting MXP1bn Wednesday.