Mexico sells $2 billion 2044 global bonds; 4¾% coupon lowest ever

By Caroline Salls

Pittsburgh, March 5 - Mexico's secretary of finance and public credit said the country's federal government placed $2 billion of global bonds due 2044, according to a news release.

The yield to maturity will be 4.84%. The coupon on the bonds is 4¾%, which the secretary said is the lowest coupon obtained by a Latin American issuer for a 30-year placement.

Demand for the bonds exceeded $6.7 billion, or 3.4 times the issued amount, with more than 280 institutional investors participating in the United States, Asia, Europe, South America and Mexico.

According to the motion, the transaction allows the Mexican government to take advantage of the access to financing in the international capital markets in favorable conditions, strengthening the structure of public debt.

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