Mexico refinances $5.3 bln in local debt to push back maturities
July 28 (Reuters) - Mexico's Finance Ministry refinanced 99.88 billion pesos ($5.33 billion) in local debt instruments, extending the average maturity of the refinanced debt by 6.08 years, the ministry said on Monday.
WHY IT'S IMPORTANT
The operation aligns with Mexico's annual debt financing plan, improving the maturity profile of peso-denominated debt and supporting economic stability, the ministry said.
BY THE NUMBERS
As part of the refinancing operation, the government repurchased 99.88 billion pesos in short-term debt instruments. This included 11.98 billion pesos set to mature in 2025, 68.65 billion pesos in 2026, and 19.25 billion pesos in 2027. In exchange, new debt instruments were issued with longer maturities ranging from the year 2029 to 2054.
The average maturity of the debt increased from 1.12 years to 7.20 years.
CONTEXT
This marks the finance ministry's sixth refinancing operation of 2025.
The ministry said the favorable terms achieved reflected investor confidence in the country's macroeconomic stability and in the government's commitment to maintaining debt on a sustainable path,
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