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Mexico Sells $1.35 Billion In 30-Year Dollar Bond Issue

MEXICO
  • Mexico tapped global debt markets for the second time this year, selling $1.35 billion of bonds alongside an offer to buy back some outstanding notes. The nation priced the new notes due in 2053 at 260 basis points over similar US Treasuries, compared to initial price talk of +300 basis points.
  • For reference, it sold $4 billion of notes in January, kicking off emerging-market sovereign bond sales for the year. Last year, Mexico was the second-largest sovereign issuer of hard-currency debt in the developing world, selling about $9.5 billion in bonds, according to data compiled by Bloomberg.

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