Euroclear secures first Mexican Cebures client
“We are proud to be the first Mexican company to take advantage of the innovative new link with Euroclear for Cebures. Once this new issuance has closed, it will raise the total amount outstanding of Pemex’s 7.47% Cebures due 2026 to MXN25.3bn," said Rodolfo Campos, Pemex treasurer.
"Having Mexican Peso denominated securities settle through Euroclear will provide international investors access to the world’s leading post-trade service provider, and we believe it will help to lay the foundations for the future growth of Mexico’s corporate debt market."
Euroclear announced the service for Mexican corporate debt instruments, known as Cebures, in December 2014. 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.
The service
"Domestic issuers can now use Euroclear’s services for
Cebures to tap into the liquidity provided by international investors, through
a simple and cost effective channel. The launch of the Cebures service enhances
Euroclear’s existing government bond offering for Mexico by pairing the need of
Mexican corporates to access greater and more diverse sources of liquidity with
the appetite of international investors to diversify and support the growth of
the Mexican economy,” said
Morgan Stanley was structuring agent for the international syndicate.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
