Mexico Surprises with 25bp Hike

Mexico Surprises with 25bp Hike

Banxico, Mexico’s Central Bank unexpectedly switched to monetary tightening by raising its benchmark interest rate to 4.25% after a 3-2 split vote amid an inflation spike. All 23 economists surveyed by Bloomberg were surprised by the decision as Banxico is battling...
Mexico To Repurchase $701 Million of Bonds

Mexico To Repurchase $701 Million of Bonds

Mexico agreed to repurchase $701mn in outstanding 2023s and 2040s, financed by the proceeds from Tuesday’s $2.5bn new 20Y bond issue at a yield of 4.285%, or T+205. In the buyback, Mexico seeks to repurchase $158mn in 6.75% 2034s and $143mn in 4% 2023s. Mexico also...
Mexico raised $2.5bn via 20Y bond

Mexico raised $2.5bn via 20Y bond

Mexico raised $2.5bn via a 20Y bond at a yield of 4.285%, or T+205bp, 35bp inside initial guidance of T+240bp area. The bonds received orders over $5.6bn, ~2.24x issue size with proceeds from the issuance used to repurchase notes from nine series of outstanding bonds,...
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