Liquidity, Macro Tailwinds to Push Mexico DCM
With domestic liquidity growing and a favorable macro environment in the forecast, Mexican DCM bankers expect an increase in local bond issuance in 2013. So far this year, issuers have raised more than MXP207.0bn ($16.2bn) domestically, up from the MXP152.0bn seen in 2011, according to LatinFinance data, which excludes short-term issuance. Mexican financial institutions and government-related issuers are expected to account for a lot of the activity next year, with securitizations in particular already building up from a...
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