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Prospect News home > News index > List of issuers H > Headlines for HSBC Mexico, SA > News item
Published on 6/27/2006 in the Prospect News Emerging Markets Daily.

New Issue: HSBC Mexico sells Ps. 1.22 billion seven-year certificates at TIIE

By Reshmi Basu

New York, June 27 - HSBC Mexico, SA sold an additional Ps. 1.22 billion of seven-year certificados bursatiles (Aaa.mx/mxAAA) on Tuesday at the 28-day TIIE rate.

This brings the total size of the issue to Ps. 3.22 billion. The issuer had originally intended to sell Ps. 1.5 billion in certificates.

Meanwhile there was Ps. 1.685 billion of demand.

HSBC Mexico, SA is the principal operating company of Grupo Financiero HSBC, SA de CV.

Issuer: HSBC Mexico, SA

Amount: Ps. 1.22 billion

Total amount: Ps. 3.22 billion

Issue: Certificados bursatiles

Maturity: May 1, 2013

Interest rate: 28-day TIIE

Pricing date: June 27

Settlement date: June 28

Ratings: Moody's: Aaa.mx

Standard & Poor's: mxAAA

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