LatinNews Regional Monitor: Mexico - 26 May 2017

*The federal finance ministry (SHCP) announced that it has completed the repurchase of M$40bn (US$2.15bn) in government bonds maturing in 2018 and 2019, as part of its national debt restructuring plan. An SHCP statement explained the operation was carried out using part of the M$32.65bn (US$17.35bn) in surplus funds that the central bank (Banxico) transferred to the central government in March – 70% of which must by law be used to service the public debt. The statement adds that the successful operation has helped to improve Mexico’s short-term debt profile and its medium-term financial position.

End of preview - This article contains approximately 101 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial