Mexican government places two new euro-denominated bonds

Adds context on debt and budget deficit in paragraphs 1, 3, details on bonds in paragraphs 4

MEXICO CITY, Jan 27 (Reuters) - Mexico's government said it issued new debt on Monday, placing two bonds worth a total of 2.4 billion euros in its second international capital market issuance since President Claudia Sheinbaum took office late last year.

Combined demand for the 8-year and 12-year bonds surpassed 8 billion euros and was the highest for euro-dominated sovereign debt issued by the government since 2019, according to a statement from Mexico's finance ministry.

Sheinbaum inherited a budget deficit of nearly 6% of gross domestic product from her predecessor, the highest since the 1980s. While she has vowed to bring public finances under control without raises taxes, she has also pledged to boost social spending.

The latest debt placement involved an 8-year bond with a 4.625% coupon totaling 1.4 billion euros, and a 12-year bond worth 1 billion euros with a 5.125% coupon.