UMS Launches Liability Management

UMS Launches Liability Management

Mexico Bonds

Mexico has launched an exchange offer as it seeks to steer debt from a series of less liquid bonds into three benchmark maturities. “We want to exchange off the run bonds in exchange for three of the newest and most relevant on the run bonds – our 2022s, 2044s and our century bonds,” Alejandro Diaz de Leon, Mexico's public credit head, tells Latin Finance. UMS is targeting six series of outstanding notes due 2013-2017 representing $10.4bn, and nine series due 2019-2040 totaling $18.6bn outs

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