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LatinNews Daily - 17 January 2019

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In brief: Mexico

* Mexico’s finance ministry (SHCP) has announced that it has successfully raised US$2bn from the global debt market, the first time that Mexico has issued debt since President Andrés Manuel López Obrador assumed office in December 2018. In a statement, the SHCP said that it had successfully issued 10-year US dollar denominated bonds – which offered a 4.57% yield and a 4.5% coupon – that were four times oversubscribed, with 320 institutional investors taking part in the deal. The statement also notes that the new bonds would ensure Mexico keeps to budgetary debt limits, as well as widen its investor base.