January 14, 2021 |
Mexico has hired four investment banks to lead the sale of new euro-denominated bonds, looking to raise money to buy back outstanding notes in the European currency, according to a source following the deal.
Santander, Barclays, BNP Paribas and Citi will lead the sale of new 2033 and 2051 notes in the near future, subject to market conditions, the source said.
In the buy back, Mexico has offered to repurchase outstanding 2.75% 2023 bonds, 1.625% 2024 bonds, 1.625% 2026 bonds, 1.75% 2028 bonds, 2
Sovereign issuer plans to issue new 2033 and 2051 notes in euros to fund the buyback of outstanding bonds