Reuters - Mexico is considering issuing a new euro bond after a recent improvement in European market conditions, debt chief Alejandro Diaz de Leon said on Saturday. Mexican officials will visit Europe this week to test the appetite for a new issue.
Bloomberg - Mexico’s peso headed for its biggest weekly gain since January after Standard & Poor’s raised the outlook on its credit rating, adding to speculation that President Enrique Pena Nieto’s reform agenda will bolster growth in Mexico.
Marketwire - The Mexico Fund declared a distribution of 0.7703 per share to stockholders of record on April 10, 2013, which is payable in cash on April 24. This distribution is the first corresponding to the fiscal year 2013.
Bloomberg - Mexico’s biggest homebuilders tumbled for a third day after meetings with investors in New York and London failed to quash concern that the companies will struggle to finance themselves amid increased costs.
Dow Jones - Expectations among analysts are divided over whether Mexico's central bank will deliver a rate cut on Friday. Eleven of 17 analysts polled by Dow Jones believe the central bank will leave the benchmark interest rate unchanged at 4.5 percent.
EFE - Mexico received $1.47 billion in remittances in January, down 2.3 percent from the same month in 2012. The median amount per remittance in the first month of 2013 was $287.69, compared with $295.01 in January 2012.
Bloomberg - Sempra Energy plans to raise at least $500 million in an initial public offering of its Mexico business, two people with direct knowledge of the sale said. The company’s IPO would mark the first energy company offering in Mexico.
Reuters - Foreign investors poured a record $80 billion into Mexican stocks and bonds last year, almost five times more than in Brazil, central bank data showed. But Brazil attracts much more foreign investment into direct assets.
Dow Jones - Sempra Energy of San Diego said that its Mexican unit plans to sell shares privately and in an initial public offering in Mexico by April. It was unclear whether the company planned to spin off its Mexican assets into a new company.
Bloomberg - Corp. Geo, Mexico’s third-biggest publicly-traded homebuilder by market value, plunged the most in nine months on speculation that fourth-quarter results will be weaker than anticipated.