Mexico Bags 32% of 2009 Needs

Mexico Bags 32% of 2009 Needs


Mexico bagged 32% of next year’s debt service (capital plus interest) with last week’s blowout $2bn 10-year bond sale, according to the finance ministry. “Despite elevated international markets volatility, the government managed to place this benchmark bond at a cost close to the lowest achieved in the past for the same tenor,” says Hacienda. The Global 5.950% of 2019 priced at 99.784 to yield 5.980%, or 390bp over UST. Ministry data shows a UMS 10-year yielding 5.69% in September 2007, 5.74% in

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