Mexico carries out $6.8 billion operation to reduce dollar debt
MEXICO CITY, June 24 (Reuters) - Mexico's government on Tuesday said it carried out a $6.8 billion debt operation in international markets, reducing its dollar-denominated external debt due between 2027 and 2031 by 15% and strengthening its debt portfolio.
The operation included the issuance of two new benchmark bonds, one for $3.95 billion due in 2032 with a 5.85% coupon, and another for $2.85 billion due in 2038 with a 6.625% coupon.
It also included funding an early buyback of a bond maturing in 2026 and a $2.5 billion refinancing operation that exchanged existing bonds for the newly issued securities.
In a statement, the finance ministry said the operation attracted 240 investors and $19 billion in demand.
"This confirms the confidence that financial markets maintain in the country's economic and fiscal management, even in an environment of high global volatility," the finance ministry said.
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