January 9, 2020 |
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
Sovereign issuer swaps old notes for 2030 bonds and brings the outstanding amount to more than $3 bln, source says