The first operation will be for an amount of up to 3,000 million pesos over 10 years with Citibanamex, at a fixed rate of 9.5423%, a rate lower than the price of the reference bond and below the second offer by 56 basis points.
The remaining two are with Banobras, one for an amount of up to 3,702.8 million pesos over 20 years, at a weighted fixed rate of 10.52%, below the price of the reference bond for the same term. The other operation will be for up to 4,768.6 million pesos over 10 years, at the TIIE rate at one business day plus a weighted surcharge of 0.43%.
According to the capital authorities, these negotiations reflect confidence in the economy and finances of CDMX, thanks to its contribution to national growth and its solid management of public resources.
The process has the approval of the Congress of the Union, as well as the Congress of Mexico City, and has the support of the federal government.
With these operations, CDMX concludes this year’s financing contracting process in line with the Net Debt Ceiling authorized by the H. Congress of the Union for fiscal year 2024.
