Mexico Corporates to See Issuance Boom: BBVA

Mexico Corporates to See Issuance Boom: BBVA

Mexico

An increase in public works spending and local institutional investor demand should bring Mexico about MXP160bn in new corporate debt in 2008, an increase of 15%, according to a report by BBVA. The bank expects that MXP140bn will have been issued by the end of 2007, after about MXP11bn is issued in December. President Calderon has made public works spending a priority, and the bank estimates that the government will finance 40% of a multi-year $235bn spending plan, with most of the rest coming f

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