July 25, 2019 |
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 account
Finance ministry reduces debt payments for the next seven years after printing $3.56bn in cross-border bonds