October 22, 2012
The government of Mexico’s Distrito Federal will look to issue up to MXP2bn
The government of Mexico’s Distrito Federal will look to issue up to MXP2bn ($155m) in the domestic bond market, according to sources familiar with the plans, likely pricing near the end of November. Guaranteed by the federal government, the issue is rated AAA on a national scale. Banorte-Ixe and Santander are managing the transaction. In December of last year, the government raised MXP1.77bn through a sale of a domestic bond, pricing 5-year floating rate notes at TIIE+30bp.