LatinNews Regional Monitor: Mexico - 8 August 2019

* The Mexican government has announced that it has issued new bonds worth 3bn units of investment (Udis), at 30-year fixed interest rates in the local market. The bonds will mature in November 2050 with a coupon rate of 4% and a yield rate of 3.71%. The bonds, part of Mexico’s 2019 financial plan, were popular, with a demand of 5.319bn Udis, 1.8 times the amount issued, in an effort for the government to strengthen the domestic bond market in the coming years. According to Mexico’s central bank (Banxico), Udis were worth M$6.281969 (US$0.3209) each as of 7 August.

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