LatinNews Daily - 25 June 2025

*Mexico’s finance ministry (SHCP) has announced the government has issued bonds totalling US$6.8bn on the international market, with demand for the offer reaching US$19bn. The first part of the transaction saw the placement of bonds worth US$3.95bn and US$2.85bn, which are due to mature in 2032 and 2038 respectively. According to the SHCP, the coupon rates for the bonds are 5.85% for the 2032 bond, 6.625% for the 2038 bond. The SHCP said that as a result, it had gained the resources necessary to carry out an early repurchase of a bond maturing in 2026 and then executed a refinancing operation for US$2.5bn, through the exchange of bonds maturing between 2027 and 2031, for the new bonds. The SHCP said the operation achieved a debt reduction benefit of US$207m. The finance ministry reiterated its commitment to using public debt “in a responsible manner” and to “maintain a prudent fiscal policy with a sustainable public debt trajectory”, in line with the debt ceilings authorised by congress.

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