Mexico in Brief
From Mexico in Brief Newsletter
TELEVISA PLACES BONDS AND EXCEEDS DEMAND.
Mexico-based multimedia mass media company Televisa, placed 30-year term bonds yielding a 5.25% coupon, raising approximately U.S.$750 million. The proceeds will be used for general corporate purposes, which may include the prepayment or repurchase of existing debt.
COLONY CAPITAL TO INVEST IN MEXICO.
Global real estate and investment management firm, Colony Capital, will invest approximately U.S.$5 billion in Latin America in the next two to three years, of which nearly half would be targeted to fund energy projects in Mexico. The firm confirmed that a substantial portion of the investment amount will be through private capital, its investment plans within the so-called Pacific Alliance, the grant of financing, and clean energy projects.
IKEA TO BUILD A NEW PLANT IN MEXICO.
Following its announcement to start operations in Mexico, IKEA, the multinational group that designs and sells ready-to-assemble furniture, kitchen appliances and home products, announced that it will invest approximately U.S$170 million in the construction of a manufacturing plant in the Mexican State of Coahuila.
AEROMEXICO TO CONTINUE INVESTING.
Aeromexico, Mexico-based flag carrier airline that operates scheduled services to more than 90 destinations in Mexico and worldwide, announced that it will invest approximately U.S.$3 billion within the next six years to purchase equipment and engines, among other actions.
GRUPO MEXICO TO INVEST IN STORAGE TERMINALS IN MEXICO.
Grupo Mexico, the largest mining company in Mexico, will invest approximately U.S.$1 billion in the construction of two fuel storage terminals in the cities of Monterrey and Guadalajara, which are intended to guarantee the supply of gasoline, diesel and jet fuel throughout the country.
CNH AWARDS TWO EXPLORATION PLANS.
The Mexican National Hydrocarbons Commission (Comision Nacional de Hidrocarburos or CNH) awarded two multi-well exploration plans to Jaguar Exploracion y Produccion 2.3, which obtained the award for a four-well exploration drilling campaign in which it will invest approximately U.S.$20 million, and Eni Mexico, which was awarded a shallow water exploration plan that would entail an investment of approximately U.S.$226 million.
PEPSICO ANNOUNCES INVESTMENT IN MEXICO.
U.S.-based American multinational food, snack, and beverage corporation, PepsiCo, announced that it will invest approximately U.S.$4 billion for the 2019-2020 period in Mexico, which includes the construction of their first food plant in the country, as well as the improvement of their agricultural models.
CFE ANNOUNCES TENDER FOR FIVE NEW PLANTS.
The Comision Federal de Electricidad, or CFE, the state-owned electric utility of Mexico, announced that it will launch a tender for five combined cycle plants that would have a capacity of approximately 2,760 megawatts and involve an investment of approximately U.S.$2.4 billion; these plants are expected to become operational in the next three years.