Mexico to Issue $2bn-plus in Exchange

Mexico to Issue $2bn-plus in Exchange

Mexico Bonds

Mexico plans to issue $2.19bn in reopened 2022, 2044 and century bonds as a result of the tender offer in which it accepted $1.88bn principal in 15 series of existing notes, its government says. The swap increased the average life of the debt by more than two years, and lowered the costs. The sovereign expects to issue approximately $559m of reopened 2022s, $963m of reopened 2044s and $670m of re-opened century bonds. It will also pay $19m of cash to accepting holders, with the premiums varying

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