Mexico starts bond buyback

Mexico starts bond buyback

Mexico Bonds

Mexico has set a maximum tender amount of $1.2bn for notes tendered in its latest liability management trade, which is tied to its bond issue last Thursday. The sovereign sold more than $3bn in bonds last week and proceeds from the 4.15% 2027 sale will fund the buyback of its 5.95% 2019N notes and its 8.125% 2019 bonds. The sovereign is also looking to obtain its 5.125% 2020s, 3.5% 2021s, 3.625% 2022s, 8% 2022s, 4% 2023s, 3.6% 2025s, 4.125% 2026s and 11.5% 2026s.Some $748m of Mexico'

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