Mexico diversifies in Taiwan to kick off Lat Am
Mexico reopened the international bond market for EM borrowers on Monday by issuing the first Formosa bond from a Latin American sovereign in response to interest from Asian investors.
Mexico typically begins the year by tapping US buyers. But this week it followed Israel’s and Qatar’s 2020 attempts to reach new investors by dropping in on Taiwan’s Formosa market.
The deal — Mexico’s debut 50 year — had dual listings in Taipei and Luxembourg, but was SEC-registered, allowing the ...