Sovereign Liability Management of the Year: Mexico

Sovereign Liability Management of the Year: Mexico

In January of last year, in a transaction carried out just days into the new year, tonight’s winner took the opportunity to carry out a $3.2 billion dual tranche global notes offering and an intraday switch and cash tender offer.

The transaction helped the winner raise $2.6 billion in new money to fund a significant portion of its 2018 budget needs and allowed it to repurchase $547 million in near-term maturities at very aggressive terms.

The winner of the award for Sovereign Liability Management of the Year is the United Mexican States