LatinNews Daily - 04 January 2023

In brief: Mexico issues bonds on international market

*Mexico’s finance ministry (SHCP) has announced the Mexican government has issued bonds worth US$1.25bn and US$2.75bn which will mature in five years and twelve years respectively. According to the SHCP, the coupon rates for the bonds are 5.40% for the five-year bond and 6.35% for the 12-year bond. The ministry stated that the transaction reached a maximum demand of US$18.4bn, equivalent to 4.6 times the total amount placed, making it the highest demand for Mexico’s external debt issuance since April 2020. A total of 383 global institutional investors from the Americas, Europe, Asia and Oceania participated in the transaction. The SHCP said that this high demand reflected “the confidence of international investors in acquiring Mexican government debt.”

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