March 1, 2013
By Mariana Santibáñez
In contrast to previous years, picking out the top sovereign issuer in this year’s public credit scorecard needed little pause for reflection. Over the past year, Mexico has solidified its position as the region’s most sophisticated national borrower through a variety of transactions that have achieved new pricing lows. Mexico’s $2 billion, 32-year issue won LatinFinance’s best sovereign bond award in 2013. The deal created a lasting benchmark for other Mexican issuers, and is one the sovereign can tap over the coming years. The borrower has already reopened the bond, increasing the note by $1.5 billion in one of 2013’s first LatAm deals.
In June of last year, Mex
Mexico once again leads the pack for its sophistication in well-timed, tightly priced sales and a number of groundbreaking deals