*Mexico’s deputy finance minister, Gabriel Yorio, has announced the continuation of an operation to reduce local debts due in 2025, 2026, and 2027, with the refinancing in the local market of bonds worth M$181bn (US$9.7bn). This consisted of the refinancing of a bond worth M$136.9bn due in 2025, and of M$44.9bn worth of bonds falling due between 2026 and 2033. Yorio said this was the fifth debt operation in the local market to reduce maturities for the next administration of President-elect Claudia Sheinbaum. This follows the prepayment of a bond worth US$894m due in 2025 on 12 June and forms part of efforts to ease debt payment pressures for the incoming administration.
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LatinNews Daily - 14 June 2024
In brief: Mexico continues to alleviate debt burden for next adminstration
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