International 50-year bond bid submitted by Mexican government It covers just over a third of this year’s foreign currency financing requirements, it said Monday Gabriel YorioUndersecretary of the Ministry of Finance.
The debt offering, which is traded in Luxembourg and Taiwan in US dollars, is expected to increase somewhat $ 3 billion With a coupon of around 3.75%, according to Refinitiv IFR Service data.
I submitted the prospectus to US Securities and Exchange Commission The Saudi Electricity Authority (SEC) has determined that the bonds will be issued this month and mature in April 2071.
Gabriel Yorio, Under Secretary of the Treasury, wrote on his Twitter account: “Mexico opens international markets # 2021 with a successful deal in Formosa, Taiwan, achieving the second-lowest dollar coupon in 50 years.”
With the deal, Yorio added, “35% of the foreign currency requirements approved by Congress” were covered in the 2021 budget, without specifying how much was collected from the process.
He also explained that the agreement, details of which the Ministry of Finance will present later, has attracted 10 new investors, most of them from Taiwanese insurance companies with long-term investment files.
In November, Mexico completed a debt refinancing around $ 6.6 billion in international markets, including an over-demand bond offering.