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LatinNews Daily - 21 September 2021

In brief: Mexico announces new bond placement

* Mexico’s finance ministry (SHCP) has placed a new five-year bond worth M$12.5bn (US$622m) with a fixed interest rate (MBONO). According to an SHCP press release, the new bond will expire in 2027 and offers a coupon rate of 5.5% and a yield of 6.93%. The SHCP reported that demand from national and foreign investors totalled over M$15.19bn, more than 1.22 times the amount placed. It said that the operation was in line with the programme of placement of government securities for the third quarter of 2021 and does not represent debt additional to that which has been authorised by congress.

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