UPDATE 1-Mexican government successfully sells $8.5 bln in new bonds

Updates with details from statement

MEXICO CITY, Jan 6 (Reuters) - Mexico's government placed three oversubscribed dollar-denominated bonds worth a total of $8.5 billion, the finance ministry announced on Monday, as it looks to raise funds to cover looming financing requirements.

The bonds are set to mature in 5, 12 and 30 years.

The ministry noted that the latest debt issuance will cover "a large part" of this year's financing needs.

"With a demand of almost $33 billion, this bond placement represents the transaction with the highest demand in the federal government's history," according to a ministry statement.

"This demonstrates global investors' confidence in the start of the current administration," it added, referring to leftist President Claudia Sheinbaum's three-month-old term.

The debt placement saw the participation of some 380 investors from across the world.

(Reporting by Anthony Esposito and Sarah Morland; Editing by David Alire Garcia)

((sarah.morland@thomsonreuters.com;))