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Emerging MarketsEM LatAm

Mexico’s Yorio says dollar blow-out eases local market pressure

Mexico, Mexico City, LatAm, sovereign, coronavirus, disinfect, 575

Mexico’s deputy finance minister told GlobalCapital that proceeds from Wednesday’s $6bn blow-out bond would not be used to help state oil giant Pemex, despite several investors believing the government needed to issue more to prop up the debt-laden company with oil price having crashed in the wake of the coronavirus pandemic.

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