Proactive Mexico notches flat concession on euro return

Mexico, balance of payments, LatAm, Findep, Unifin
By Oliver West
14 Jan 2020

Remarkable funding conditions drove Mexico to the euro market on Tuesday just a week after it issued in dollars as a bulging order book again suggested that investor fears over the government’s management of the economy have subsided.

In the first Latin American euro trade of 2020, Mexico attracted some €6.6bn of orders for a proposed 10 year benchmark and reopening of its 2039s, allowing it to raise €1.75bn in total and compress pricing to a new issue concession of near zero.

“Both tranches priced practically flat ...

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