*Mexico’s finance ministry (SHCP) has announced that it has raised US$9bn in its first international bond sale of the year. In a statement, the SHCP said that the three-part placement consisted of one eight-year bond worth US$3bn with a coupon rate of 5.625%, one 12-year bond worth US$4bn with a coupon rate of 6.125%, and one 30-year bond worth US$2bn with a coupon rate of 6.75%. The SHCP said the amount raised by the sale established a new placement record for a third consecutive year, adding that this
“allowed the federal government to cover a significant portion of its foreign currency financing needs through 2026, providing greater flexibility to evaluate windows of opportunity and favourable market conditions throughout the rest of the year”. According to Bloomberg, Mexico raised over US$41bn in hard-currency sovereign bonds last year
amid efforts to support the indebted state-run oil company Petróleos Mexicanos (Pemex).
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