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Nemak Prices MXP2.5bn Local Issue

Nov 26, 2007

Mexican autoparts maker Nemak sold MXP2.5bn in 2014 floating-rate local bonds last Wednesday. The deal priced at 46bp over 28-day TIIE. Demand reached more than MXP4bn, according to bankers on...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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