Mexico eyes Jan restart even after $6.6bn LM

Mexico, start line, dollars, restart, off the mark, LatAm, 575
By Oliver West
19 Nov 2020

Mexico carried out its largest ever liability management exercise this week, refinancing more than $6.6bn of dollar bonds with new longer dated debt. But deputy finance minister Gabriel Yorio says that the sovereign will remain very active in international bond markets in the short term and is likely to be back in dollars early next year.

In its fifth international bond outing of 2020, and the third in US dollars, Mexico printed $3.425bn of 2031 bonds and $3.2bn of 2061s on Monday. The last time Mexico issued more than twice in US dollar markets in the same year was 2010, according to Dealogic, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial