Mexico adds to new notes after switch tender

Mexico adds to new notes after switch tender

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Mexico United States

Mexico has added to its new 2030 notes after bondholders took part in a switch tender offer and brought the total amount to $3.06 billion, said a source involved in the transaction. Mexico raised $2.55 billion in new money from a two-part bond deal on Monday, issuing $1.75 billion in 10-year notes and adding $800 million to its 4.5% 2050 notes. It also offered cash or 2030 notes in exchange for six series of bonds that come between 2022 and 2028. Bondholders ended up taking $1.31 billion in 2030

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