Mexico fills buyback after debt sale

Mexico fills buyback after debt sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Mexico United States

The Mexican government said Wednesday that it agreed to repurchase $701 million in outstanding bonds that mature between 2023 and 2040, using the proceeds from a $2.5 billion deal on the day before to improve its debt profile. In the buyback, Mexico instructed the dealer managers – BBVA, Bank of America, Credit Suisse and JPMorgan – to repurchase $158 million in 6.75% 2034 notes and $143 million in 4% 2023 notes, it said in a statement. It also said it agreed to buy back $57.9 million in 3.6% 20

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