Regulatory Alerts2010-02-10 | Circular 7/2010Added
Circular 7/2010 — Syndicated Placement of Government Securities
The Banco de México establishes rules for the syndicated placement of government securities (Bondes and Udibonos) in the primary market, restricting bidder eligibility to designated Lead Distributors. The document defines submission procedures, pricing mechanisms, allocation methods, and payment obligations, including the calculation of accrued interest for securities issued prior to placement. It mandates that bids be irrevocable and specifies that the Bank reserves ownership of the securities until full payment is received.
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