Mexico outlines local bond program for second quarter

Mexico outlines local bond program for second quarter

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Regulation Mexico

Mexico's Finance Ministry said on Monday that it plans to sell MXN327 billion ($12.9 billion) worth of local notes in the second quarter this year, just over a week after it cut back on planned local bond offerings due to ongoing market volatility. The ministry cut the planned amount for fixed-income bonds, or Mbonos, by more than half to MXN5.2 billion for each sale of three-year notes, MXN4.8 billion for five-year notes, MXN5 billion for 10-year notes, MXN1.5 billion for 20-year notes and MXN2

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