For its part, the Ministry of Finance explained that this operation managed to refinance short-term fixed rate instruments with floating rate and udized instruments with maturities between 2027 and 2034, which allows it to reduce amortizations in the coming years, improve the conditions of operation and benefit the liquidity of the instruments in the secondary market.
“During the operation, various investors participated, withdrawing 181,754 million pesos and with a total demand of 215,803 million pesos,” the agency said in a statement.
The operation comes one day after the Latin American country announced the reduction of its external debt by 2025 by 894 million dollars, with a view to giving “greater flexibility to the next administration” in its first year in office.
The Treasury added that this operation reflects the confidence that national and foreign investors maintain in the country’s macroeconomic fundamentals.
Today we continue with market operations to reduce the debt of 2025, 2026 and 2027, now in the local market we refinance 181,000 million pesos.
This is the fifth debt operation in the local market to reduce the maturities of the next administration. #Mexico…
— Gabriel Yorio (@GabrielYorio)
June 13, 2024
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