Mexico lightens load with new notes

Mexico lightens load with new notes

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

Mexico's finance ministry said it has lowered its scheduled debt payments over the next seven years after it printed $3.56bn in cross-border bonds. The ministry, led by BBVA, Credit Suisse and Goldman Sachs, issued $2.1bn in new 30-year notes and added $1.46bn to the 10-year notes that it sold in January. It priced the new 4.5% 2050s to yield 4.552% and the 2029s to yield 3.738%, the ministry said in a statement. It added that it used the money to redeem $933m in 3.5% 2021 notes, which accounted

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