Mexico proving economic prowess, says DMO after blow-out bond

Mexican celebrating px230 x 150
By Oliver West
13 Jan 2020

Mexico’s head of public credit told GlobalCapital that he felt the government’s economic management was winning over investors after the sovereign notched a heavily oversubscribed dollar deal last week.

On Monday, January 6, Mexico sold $3.05bn of new 10 year debt — including $1.75bn that came as existing bondholders switched from old notes — and tapped its 2050s for a further $800m.

Bankers following the deal estimated the new issue premium at just 5bp on both tranches, ...

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