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Incoming Mexican President Enrique Pena Nieto’s vow to improve the country’s highways, ports and plazas is making builder Empresas ICA SAB’s bonds a buy to Grupo Financiero Interacciones SA and Corp. Actinver SAB.
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Mexican President Felipe Calderon won praise from world leaders as host of this week’s Group of 20 summit. It’s probably not enough to get his party’s candidate elected in two weeks.
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America Movil SAB is poised to eclipse Coca-Cola Femsa SAB in the Mexican credit market as investors turn to Carlos Slim for refuge from Europe’s debt crisis.
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Speculation America Movil SAB will win an appeal to overturn a regulator decision denying its fixed-line unit a TV license is helping spark a rally in the company’s bonds.
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Investors are stepping up purchases of the shortest-term Mexican government bills to a seven-month high to tap into a rally in the peso.
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Yields on bonds of Cemex SAB, the biggest cement maker in the Americas, are soaring to a record as concern that slowing global growth will curb revenue prompts investors to reject buy recommendations.
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Grupo Elektra SA, the Mexican retailer owned by billionaire Ricardo Salinas, is posting bond losses that are double those of peers in the region, a sign to Invesco Inc. and Precise Securities the debt is a bargain.
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Cemex SAB’s borrowing costs are soaring to a record on speculation the largest cement maker in the Americas will breach debt covenants this year as slumping economic growth crimps sales.
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Mexican local corporate bond sales are poised to climb to a five-month high in September as companies from Mexichem SAB to Petroleos Mexicanos take advantage of falling borrowing costs.
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Carlos Slim’s Banco Inbursa SA and Nissan Motor Co. of Tokyo are leading the busiest month for Mexican peso debt sales since April as benchmark peso yields fall to an eight-month low and borrowing costs rise overseas.
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