Mexico raises $9 billion in first bond sale of 2026

MEXICO CITY, Jan 5 (Reuters) - Mexico raised $9 billion in its first international bond sale of the year, the Finance Ministry said on Monday, as it became the first Latin American sovereign to access markets in 2026.

DEAL DETAILS

• Three-tranche offering: $3 billion 8-year bond at 5.625%, $4 billion 12-year at 6.125%, $2 billion 30-year at 6.75%.

• Covers significant portion of Mexico's 2026 foreign currency financing needs.

BY THE NUMBERS

• Demand reached $30 billion, 3.33 times the amount issued, with 279 investors participating.

• 30-year and 12-year bonds registered lowest spreads since 2019 and 2020, respectively, both at 200 basis points.

WHY IT MATTERS

• Transaction provides Mexico flexibility to evaluate market opportunities through the year, the ministry said.

• Spreads reflect improved investor perception of Mexico's sovereign risk despite complex international environment, ministry said.

• Issuance establishes three new liquid benchmark points on Mexico's dollar sovereign curve at 8, 12 and 30 years.