Mexico prints new bonds for buyback

Mexico prints new bonds for buyback

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

Mexico came to the international bond market on Tuesday with $2.5 billion worth of new 20-year notes, raising money to repurchase outstanding bonds that mature between 2023 and 2040, a source involved in the deal told LatinFinance. The sovereign issuer had received $5.6 billion in orders by the time it launched the deal and priced the new 4.28% 2041 notes at 99.938 to yield 4.285%, or 205 basis points over US Treasury bonds, the source said. In comparison, Mexico's 6.05% 2040 bonds traded at 4.3

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