IADB takes advantage of peso pick-up

A wave of Mexican corporates swapping the proceeds of dollar issuance back into their home currency has tilted the peso-dollar basis swap, benefiting those that can issue in pesos and swap back into dollars.

  • By William Chambers
  • 29 Jan 2018

The move in the basis swap allows supranational issuers like the Inter-American Development Bank (IADB) to offer a spread over Mexican government bonds, according to Laura Fan, head of funding at IADB.

“Mexican corporate hedging activity has increased, as well as bond issuances in dollars, which has moved the ...

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