FEFA prepares more peso paper

FEFA prepares more peso paper

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Mexico

Mexico's Fondo Especial para Financiamientos Agropecuarios (FEFA) plans to issue MXN3.92bn ($207m) in bonds, divided between MXN2bn in three-year notes and MX1.92bn in five-year notes, according to a report from S&P Global. The bond sales are part of FEFA's MXN135bn bond program, with the proceeds going to finance loans to agribusinesses in Mexico, S&P said. S&P gave the upcoming notes a AAA on the local scale, calling FEFA the government's best tool to promote the agricultural sec

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