Issuance of structured products on the Mexican market is growing stronger with foregn exchange rates being the main driver of activity and independent range structures finding renewed demand in October.
The period under consideration also saw the relaunch of euro denominated dual-forex and knock in bonos estructurados. Some 747 structured products came into circulation in October, adding a total of MXN29.5 billion (US$1.5 billion) to the market. The trend of short-term offerings reached its peak in October with 100% of the strategies having a tenor of less than two years. Four hundred and seventy of the strategies launched in October matured within the same month releasing an aggregated MXN17.
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