LatAm Bonds

Petroleos Mexicanos issued its first Swiss franc bond since 1995 on Wednesday, and the first in the currency from a Latin American issuer since July 2008, in selling a Sfr350m five year deal via BNP Paribas and Credit Suisse at 185bp over mid-swaps.

Finance ministers and central bankers from around the world agreed on the principles that should govern reform of bank capital requirements this weekend, including a gross leverage ratio to supplement the risk-based measures under Basle II.