Mexico’s Federal District is eyeing early October for a re-opening of a Ps2 billion ($154 million) deal closed June 25, according to a prospectus filed with the Mexican Stock Exchange. The transaction adheres to a formula the originator established with its first issue in December 2003 — the securitization of a loan from the central government, with payments backed by federal participation revenue which the central government doles out to the District. The loan is a necessary step as the District isn’t allowed to take on debt directly. The re-opening is for both a 10 and 10-2 series. The former is a fixed-rate tranche with a 5-year tenor and the latter is a floater with a 10-year tenor. The total volume of the re-opening is capped at Ps3.3 billion, given that total program has a ceiling of Ps5.3 billion. Deutsche Bank is the sole lead.