Mexico Secures USD6.8B via Long-Term Bonds
(MENAFN) In a decisive shift in its debt strategy, Mexico secured $6.8 billion through the issuance of long-term fixed-rate bonds, the Finance Ministry announced Tuesday, marking a significant move to reshape its borrowing profile.
This transaction cut the nation’s dollar-denominated external debt maturing between 2027 and 2031 by 15 percent, bolstering the resilience of Mexico’s debt portfolio, the ministry said in an official statement.
"With the participation of 240 institutional investors worldwide and peak demand of 19 billion U.S. dollars, the transaction reflects continued investor confidence in Mexico's economic and fiscal management," it stated, "even amid global market volatility."
The deal was structured in three segments, featuring two new benchmark bonds set to mature in 2032 and 2038, raising $3.95 billion and $2.85 billion respectively.
Funds raised also facilitated an early buyback of a 2026 bond and enabled refinancing of $2.5 billion in bonds due from 2027 to 2031 through exchanges into the newly issued benchmarks.
The Finance Ministry described the move as part of a "proactive and responsible" refinancing strategy focused on minimizing financing risks and prioritizing long-term, fixed-rate debt.
Mexico continues to hold investment-grade ratings from Moody’s, Standard & Poor’s, and Fitch Ratings, underpinned by its disciplined macroeconomic policies and robust external financial position in recent years.
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