Mexico’s corporate issuers to gain unprecedented access to international investors through Euroclear
Cooperation between the Ministry of Finance and Euroclear allows Mexican corporates to issue debt denominated in Mexican Peso specifically targeting international investors
Mexico City and Brussels, 9 December 2014 – Euroclear is expected to begin servicing Mexican corporate debt instruments, known as Cebures, as of 31 January 2015. The service launch is a result of the close cooperation between the Mexican Ministry of Finance and Euroclear to align Mexico’s corporate issuance and asset servicing process with international standards.
The Minister of Finance and Public Credit, Luis Videgaray Caso stated: “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.”
Euroclear’s service offering for Cebures will complement the existing link with the Mexican market for government debt and equities that was established in 1995.
Note to editors
Euroclear is one of the world's largest providers of domestic and cross-border settlement and related services for bond, equity, ETF and other mutual fund transactions with offices in 15 countries across the globe and links to 46 international markets.
Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise which includes over 100 central banks and supranationals.
The Euroclear group includes Euroclear Bank, which is consistently rated AA+ by Fitch Ratings and AA by Standard & Poor's, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The group settled the equivalent of $789 trillion (€572 trillion) in securities transactions in 2013 representing 170 million domestic and cross-border transactions, and held over $33.3 trillion (€24.2 trillion) in assets for clients.