Mexico City
10 December 2014
Reporter: Stephanie Palmer

Euroclear enables Mexican debt issuance


A partnership between the Mexican Ministry of Finance and Euroclear means that Mexican corporates will be able to issue debts denominated in Mexican peso and targeted towards international investors.

Euroclear will be able to service Mexican corporate debt instruments, called Cebure, from 31 January 2015.

The launch intends to align Mexico’s corporate issuance and asset servicing processes with international standards, and the Mexican ministry of Finance and Euroclear have been working closely to achieve this. The pair have been working together on corporate debt and equities since 1995.

Luis Videgaray Caso, minister of finance and public credit, said: “We are delighted that our partnership with Euroclear has yielded this important milestone for our capital markets. 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, added: “We are very pleased and honoured to be part of this watershed moment for the Mexican capital markets.”

“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. 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.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
SIX: Speedy settlement key in collateral management
21 September 2017 | London | Reporter: Stephanie Palmer
Real-time settlement is the most important consideration when choosing a new collateral management provider, according to research from SIX Securities Services
FCA takes pragmatic approach to MiFID II deadline
21 September 2017 | London | Reporter: Drew Nicol
The UK’s financial conduct authority has indicated it will accept a soft roll out of the second Markets in Financial Instruments Directive in January
Trade Informatics releases Peer Analysis tool
20 September 2017 | New York | Reporter: Jenna Lomax
The new addition will provide asset managers with tools to analyse how they compete with other money managers
BNP Paribas becomes first French OTC Clearing member
20 September 2017 | Hong Kong | Reporter: Barney Dixon
BNP Paribas has joined OTC Clearing Hong Kong, as the clearinghouse’s 17th member, and the first from France
More news