Mexico tapped international debt markets for the second time this year, selling $1.35 billion of new bonds due in 2025, alongside an offer to buy back some outstanding notes.
The Latin American country priced the new notes due in 2053 at 260 basis points over similar US Treasuries, compared to early guidance of 300 basis points, Bloomberg reported citing people familiar with the matter.
Last year, Mexico was the second-largest sovereign issuer of hard-currency debt in the developing world, selling about $9.5 billion in bonds, Bloomberg data show.
Meanwhile, some 25 Mexican companies are lining up bonds sales to take advantage of a prime certification that allows them to issue debt in the local market, the news agency reported citing Álvaro García, president of the Mexican Association of Stock Market Institutions (AMIB).
AMIB, Mexico’s Stock Exchange (BMV), the BIVA exchange in Mexico City and the Mexican development bank Nafin have helped these companies to get the prime certification to issue debt in the local market.
