Mexican trio come tight to kick-start Lat Am

Mexico
By Oliver West
05 Sep 2019

BBVA Bancomer and Industrias Peñoles sold a combined $1.8bn of bonds on Thursday to follow up Grupo Bimbo’s blow-out trade earlier in the week as investors found a sweet spot in high quality Mexican corporate debt.

Mexican assets have suffered this year as investors show concern about policy direction under president Andrés Manuel López Obrador and rating agencies highlight weakening public finances. But many of the country’s more sophisticated corporates are likely to remain resilient to the decline, and investors are thus taking the ...

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