Mexico sells $6 bln in bonds for coronavirus response

Mexico sells $6 bln in bonds for coronavirus response

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Structured Finance Coronavirus Mexico US

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

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