* Mexico’s finance ministry (SHCP) has announced that it has successfully refinanced M$49.86bn (US$2.67bn) of the peso-denominated public debt by swapping bonds expiring in 2020 and 2022 for new bonds maturing in 2023 and 2050. According to an SHCP statement, the operation that involved the so-called ‘Bonos M’ and ‘Udibonos’ held by domestic and foreign investors was oversubscribed, with demand for the new bonds totalling M$85bn. The statement added that the operation is part of the SHCP's efforts to improve Mexico’s short-term debt profile, and that the SHCP will continue to monitor financial markets to look for other opportunities to continue improving the debt profile.
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