SHCP refinances debt for up to 74 billion pesos

by times news cr

2024-08-06 20:26:41

Mexico successfully completed its sixth debt exchange operation in the Local market in 2024.

“This measure is part of the strategy of refinancing of the government, which seeks to reduce the pressures of liquidity by means of the decrease in depreciation and improve the maturity profile of the debt denominated in pesos,” explained the Secretary of Finance.

He explained that this operation managed to refinance 74 thousand 856 million pesosthrough the repurchase of instruments with maturities between 2024 and 2031.

“The transaction had a total demand of 88 thousand 371 million pesos, reflecting the strong confidence of both domestic and foreign investors in the country’s macroeconomic fundamentals.”

Through this operation, 33,403 million pesos of the maturities scheduled for 2024 and 34,397 million pesos of the maturities scheduled for 2025 were refinanced.

Additionally, 7,056 million pesos were withdrawn from bonds maturing between 2026 and 2031.

2024-08-06 20:26:41

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