Mexico launches Internotes program to U.S. investors with initial $1.5 billion registration

By Reshmi Basu

New York, Feb. 13 - The United Mexican States said unveiled an Internotes debt issuance program aimed at individual investors in the United States, according to a prospectus filed with the Securities and Exchange Commission.

The initial size of the program is for up to $1.5 billion, according to a 424B3 filing.

The maturity will be nine months or more from the issue date and the securities will be sold from time to time.

Joint lead managers for the program are Incapital and Banc of America, with Incapital as purchasing agent. Other agents include Charles Schwab, Citigroup, Edward D. Jones, Merrill Lynch, Morgan Stanley, Raymond James, RBC/ DainRauscher, UBS and Wachovia Securities.

"Debt management in the current administration of president Fox has been one of the top priorities," said Gerardo Rodriguez, Mexico's deputy undersecretary for public credit, in a statement.

"We are able to reach out all the way down to the individual investor" with this program.

Proceeds will be used for general purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.