Mexico Rethinks Local Debt

Mexico Rethinks Local Debt


Following a surprise $2bn dollar bond placement last week, Mexico plans to boost its domestic bond sales in Q1 2009, Hacienda says. It will double sales of its 20 and 30-year fixed-rate bonds to MXP2.0bn every 6 weeks and also sell MXP2.5bn in 10-year bonds every 6 weeks, up from MXP1.0bn in Q408. The government also aims to auction MXP4.5bn of its 3-year bond monthly, up from MXP3.1bn currently. The new plans come after it pared back sales in October of its long-term peso bonds through year-e

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