*Mexico’s government has refinanced bonds worth M$74.86bn (US$3.95bn) on the local market, as part of ongoing efforts to reduce the debt burden on the incoming administration of President-elect Claudia Sheinbaum. The finance ministry (SHCP) announced it had refinanced two bonds due to mature in 2025, one worth M$33.40bn and the other for M$34.40bn. Additionally, it stated that M$7.06bn was withdrawn from bonds due to mature between 2026 and 2031. According to the SHCP, this was the sixth debt swap operation on the local market so far this year.
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LatinNews Daily - 2 August 2024
In brief: Mexico continues to ease debt burden for next government
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