April 23, 2020 |
Mexico returned to the bond market on Wednesday, raising $6 billion to take on the COVID-19 pandemic in a three-part deal that was 4.75 times oversubscribed, the Finance Ministry said in a statement.
The ministry said it placed $1 billion in new five-year notes, $2.5 billion in 22-year notes and $2.5 billion in 31-year year notes, with record-high demand for the longer notes.
It sold the debt at a discount across all three tranches, according a source familiar with the details of the transaction
Sovereign issuer fields $28.5 bln in orders in a three-part deal after downgrades last week