Mexico issues new bonds for buyback

Mexico issues new bonds for buyback

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

Mexico issued $1.8 billion in 2033 bonds in the international market on Monday, raising money to redeem 2025 bonds, and opened an offer to repurchase notes that mature between 2034 and 2061, according to sources close to the deal. The new 11-year bonds carried a coupon of 4.875% and priced at 98.123 to yield 5.015%, or 235 basis points over US Treasury notes. Mexico had set guidance between 235 and 240 basis points over US Treasury bonds after opening the deal with the initial price talk around

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