MX$183.20 billion in domestic debt was refinanced alongside a new MX$6.76 billion 10-year Udibonos issue, marking Mexico finance ministry SHCP’s third syndicated inflation-linked operation this year.
The combined transaction extended the average maturity of the refinanced debt by 3.64 years and added MX$4.11 billion in liquidity to the new benchmark.
The new instrument — emission key S 370423 — matures in April 2037, carries a 4% coupon and was placed at a 4.60% yield, bringing total circulation to MX$10.88 billion.
The operation came as INEGI estimated Mexico’s economy grew 0.2% in June from May, after revising May to a 0.3% contraction, suggesting modest stabilization in output.