The government issued $4.8 billion in new bonds maturing in 2037 at a 6.25% coupon, alongside a $1.5 billion reopening of its 2056 bonds carrying a 6.75% rate. Officials confirmed the proceeds are earmarked for the repurchase of dollar-denominated bonds maturing in 2027 and 2028, while also lowering the amortization burden on euro-denominated debt scheduled for 2029.
In section Market Quotes
Mexico Raises $6.3 Billion in Major Debt Refinancing Move
Mexico’s Finance Ministry successfully placed $6.3 billion in long-term debt on Tuesday, securing capital to aggressively pare down short-term liabilities. The move, which drew massive interest from institutional investors, aims to stabilize the national balance sheet by clearing obligations due within the next three years.
Institutional appetite for the offering proved high, reaching $20.7 billion—more than triple the target amount. With 266 investors participating, the ministry expects the transaction to effectively mitigate refinancing risks and smooth out the government’s debt maturity profile over the coming decade.
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