Mexico Retap Leads off January Supply
Mexico has kicked off this year’s DCM issuance, reopening its 2044 benchmark bond to raise $1.5bn. Drawing $3bn demand, the sovereign took out a large piece of its funding needs ahead of what is expected to be heavy supply and possible continued movement of US treasury rates. “One of the risks for the year is that US treasuries will move higher. High caliber issuers like Mexico are doing the right thing, tapping the 2044 bonds now and not waiting for other big issues,” says...
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