August 15, 2019
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,
Finance ministry issues 30-year notes in inflation-linked UDIs with a 4% coupon