Mexico

Mexican leasing company Docuformas is likely to turn to bond markets in the coming weeks, GlobalCapital understands, after announcing a tender offer and consent solicitation for its existing notes.

A majority of Mexican car parts maker Metalsa’s bondholders agreed to amend parts of the indenture to grant the company more flexibility regarding sales and mergers.

Mexico showed that it still has full access to its regular funding markets this week as Japanese investors gave the sovereign its largest ever order book in the Samurai market, on the way to its largest deal in the currency.

Broader volatility could not interrupt Latin America’s rediscovered bond market momentum, as Mexican real estate investment trust (REIT) Fibra Uno tapped international investors for the first time in three years on Tuesday.

Fibra Uno, the largest and most diversified real estate operator in Latin America according to Fitch, could price a new dollar deal as soon as Tuesday.

Just two months after a dovish US Federal Reserve lured América Móvil to the dollar bond market for the first time in eight years, the Mexican telecoms giant was again able to make the most of benevolent central bank talk on Wednesday as it jumped on a rates rally in Europe for its first euro trade since 2016.

Just two months after a dovish US Federal Reserve lured América Móvil to the dollar bond market for the first time in eight years, the Mexican telecoms giant was again able to make the most of benevolent central bank talk on Wednesday as it jumped on a rates rally in Europe for its first euro trade since 2016.

Mexican lender Banorte became the latest Latin American borrower to clinch new debt with exceedingly tight pricing on Thursday, as bond investors showed their hunger stretched beyond top-rated paper.

Mexico’s largest locally owned bank, Banco Mercantil del Norte (Banorte), has begun meeting fixed income investors as it looks to test investor appetite for the country's credit with a new subordinated bond.

Mexico’s largest locally owned bank Banco Mercantil del Norte (Banorte) will begin meeting fixed income investors this week as it looks to test investor appetite for Mexico credit with a new subordinated bond.

US president Donald Trump’s latest Twitter update about US trade policy brought Latin America's bond bankers hope that Mexico debt might enjoy a better week as he abandoned — for now at least — plans to impose tariffs on Mexican goods.

Spreads on dollar bonds issued by Mexican state-owned oil company Pemex ballooned by up to 50bp on Thursday as a sovereign downgrade led the company to lose one of its investment grade ratings and threatened a second.