Mexico resets local benchmark

Mexico resets local benchmark

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

The Mexican government recently raised roughly MXN18.8bn ($957m) from the sale of inflation-linked notes and reset the benchmark in the local market. The 3bn UDIs in 30-year notes priced with a 4% coupon to yield 3.71% after demand reached 5.32bn UDIs, or 1.8 times the amount issued, the finance ministry said in a statement. Close to 40 bond buyers from home and abroad acquired the new notes with 49% of orders coming from pension funds and insurance companies, 39% from banks and brokerage firms,

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