July 29, 2019 |
Mexico is expected to stay away from the bond market for the rest of the year, following a $3.46bn buyback on July 24, LatinFinance has heard.
"This was the largest liability management exercise that Mexico has done in at least the last five years," said a source familiar with the deal. "They typically do one or two of these exercises per year, but given the scale of this transaction, I don't expect them to do anymore this year."
After issuing $2.1bn in new 30-year notes and adding $1.46bn to
Four bond sales and a $3.5bn buyback could be enough for the sovereign issuer in 2019