ICA debt, shares slumping on delay of reforms

Bloomberg - Empresas ICA fell the most since September 2011 and bond yields rose as Deutsche Bank cut its recommendation on Mexico’s largest construction company after debt downgrades by Standard & Poor’s and Moody’s Investors Service.

Regulator says Mexico must move lightly on swaps

Reuters - Mexico is planning to launch derivatives rules this year in sync with its northern neighbor but is concerned an overly tough regime could push trades into the United States where they are subject to less oversight, Mexico's chief bank regulator said.

Televisa taps market for global peso bonds

Dow Jones - Mexican broadcast and media company Grupo Televisa said it's tapping investor interest in peso-denominated assets, pricing 6.5 billion pesos ($539 million) in 30-year global peso bonds with which it will improve its balance sheet and debt profile.

Several firms plan to sell bonds in debt market

Bloomberg Businessweek - Coca-Cola Femsa, Grupo Financiero Inbursa, Corporativo GBM and Grupo Famsa are among several issuers that plan to sell bonds in Mexico’s debt markets.

Peso firms sharply on U.S. payroll data

Reuters - Mexico's peso firmed sharply on Friday after stronger than expected employment data in the United States, Mexico's top trading partner. The peso firmed as much as 0.8 percent to 12.08 per dollar.

Yields fall to record lows on Carstens comments

Bloomberg - Mexican bond yields tumbled to a record a day after central bank Governor Agustin Carstens said policy makers will consider cutting borrowing costs if annual inflation slows to within the target range.

Junk-bond implosion sparks worst losses

Bloomberg - Mexico’s highest-rated junk bonds are saddling investors with the biggest losses in emerging markets as the nation’s homebuilders collapse. Dollar-denominated notes sold by Mexican companies in the BB category have lost 10.5 percent this month.

Official says peso intervention would be rules-based

Reuters - Mexican finance minister Luis Videgaray on Thursday said his country will continue with its flexible exchange rate and that any intervention would be rules-based. Mexico's peso hit its strongest levels in more than 1-1/2 years this week.

Slim's wealth inflated by Mexico's most expensive stocks

Bloomberg - Carlos Slim is clinging to his title as the world’s richest person thanks to stakes in the priciest publicly traded companies in his native Mexico, even as his biggest holding plummets in value.

Official says there are no plans to curb peso advance

Bloomberg - Mexico isn’t planning measures to curb the peso’s advance, according to Deputy Finance Minister Fernando Aportela. Officials aren’t considering capital controls or other measures to curb the currency’s advance, Aportela said in an interview in Panama City.

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