LatinNews Daily - 04 February 2021

In brief: Mexico makes first placement of new benchmark bond

* Mexico’s finance ministry (SHCP) has placed US$822m worth of bonds on the local debt market, the first placement of the new ‘Udibonos’ benchmark bond, which according to the SHCP is intended to “provide depth to the market, contribute to the process of price discovery, and favour a wide and diversified distribution of the holding of instruments between local and foreign investors”. The new bond is set to expire in November 2031, offering a coupon rate of 2.75% and a yield of 1.75%. The SHCP reported that demand totalled approximately US$1.6bn (almost double the amount placed), and claimed that the “favourable conditions achieved in this transaction reflect the confidence that domestic and foreign investors maintain in the economic foundations of our country”.

End of preview - This article contains approximately 126 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.