Euroclear to service Mexican corporate debt

Euroclear to service Mexican corporate debt

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The service launch is a result of the close cooperation between the Mexican Ministry of Finance and Euroclear to align Mexico’s corporate issuance and asset servicing process with international standards.

“We are delighted that our partnership with Euroclear has yielded this important milestone for our capital markets," said the Minister of Finance and Public Credit, Luis Videgaray Caso.

"Being able to tap into the liquidity provided by international investors is tremendously important for the continued development of our local industry. And, it should yield tangible benefits such as reducing the cost of borrowing for our local issuers, increasing the liquidity in our local markets and furthering investment in our economy. By making our Cebures bonds ‘Euroclearable’ we have aligned our capital market infrastructure with the globally recognised standards that are synonymous with Euroclear’s robust, resilient and sound risk-management principles.”

Stephan Pouyat, global head of capital markets for Euroclear describe the move as a "watershed moment".

“The new regulatory framework, including the new tax treatment rule, enables Euroclear to extend its already well-developed Mexican market offering and provide international investors a simple, efficient and cost-effective way of accessing Cebures," said Pouyat. 

"This is the result of the strong partnership we have built up with the Ministry of Finance to align the needs of the Mexican market and those of international investors.”

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