The Ministry of Finance made an announcement regarding an offer to repurchase bonds and a proposal to issue new bonds by Petróleos Mexicanos (“Pemex”). The transaction was settled on Monday, September 23rd, 2019.
Source: SHCP
The Ministry of Finance submitted for approval of Congress the 2020 budget, formed by the General Criteria of Economic Policy, the Federation’s Revenue Law Initiative, the Initiative that reforms various tax provisions and the Federal Expenditure Budget Project.
Source: Ministry of Finance
The agreement will allow CFE to trade daily through its subsidiaries CFEnergía and CFE Internacional, around 8.2 billion cubic feet of natural gas, out of which 63% will be supplied to CFE power plants and 37% to the national industry.
Four sections will be tendered this year with an individual value of approximately USD 1.1 billion.
Rogelio Jiménez Pons, CEO of FONATUR, referred to the financial structure of the Mayan Train, (10% public, 90% private) and informed that the project has a comprehensive and inclusive component whose benefits will impact the social, environmental, cultural and economic ecosystems of the region.
In the first half of 2019, the main balances of public finances presented better results than scheduled. The primary balance recorded a surplus of MXP 228.88 billion, which compares favorably with the programmed surplus of MXP 135.434 billion. Likewise, the public balance presented a deficit of MXP 119.922 billion, which is less than the expected deficit for the period of 258.873 billion.
Source: Ministry of Finance
The Secretary of Communications, Javier Jiménez Espriú, announced that, to encourage infrastructure and boost the national economy, this year 20 billion pesos of private resources will be invested in road works, which will represent the granting of concessions to five companies.
Source: Ministry of Communications
Through Actions to Support the Economy, total resources for MXP 485 billion will be channelled to boost the development of infrastructure and to finance private investment and consumption. Likewise, federal government tenders of fiscal year 2020 will be anticipated that, with additional actions, will strengthen the response capacity of the national productive apparatus.
Source: Ministry of Finance
Mexico-Puebla highway granted to the National Infrastructure Fund
The Ministry of Finance, through the National Infrastructure Fund (FONADIN for its acronym in Spanish), successfully launched the transaction in the local market, raising 6.2 billion pesos in two series. A 3.9 billion pesos tranche was placed in Investment Units (UDIS for its acronym in Spanish) with a yield of 4.67%, while a second tranche for 2.3 billion pesos was issued in pesos with a yield of 9.11%.
Source: Ministry of Finance
The placement was done under favorable conditions, and consisted of 3, 10 and 15 year tranches, some of them sustainable bonds, reaffirming the confidence of investors in the Institution while promoting the development of the local debt market
Source: GOB.MX
Mexico Projects Hub initiates the effort to incorporate information of sustainability practices of the projects, in collaboration with the Inter-American Development Bank (IDB), and based on its methodological framework defined in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which can be consulted HERE.
The inclusion of a first group of 20 fact sheets is considered to be concluded during June 2019. Subsequently and gradually, the fact sheets of the rest of the projects included in the platform will be incorporated.
For more information click HERE.
