Mexico resets euro benchmark

Mexico resets euro benchmark

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

Mexico has raised €2.5bn ($2.8bn) from a two-part bond sale and covered its external financing needs for 2019, the finance ministry said in a statement. The sovereign issuer priced €1.5bn in seven-year notes with a 1.625% coupon to yield 1.669%. It also priced €1bn in 20-year notes with a coupon of 2.875% to yield 2.969%, the ministry said. Orders topped out at €9bn, or 3.6 times more than the offer, with investors placing orders for €5.1bn in 2026 notes and €3.9bn in 2039 notes. Mexico received

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