Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Mexico to Sell Record $8.5 Billion in Three-Part Bond Offering
    Bond

    Mexico to Sell Record $8.5 Billion in Three-Part Bond Offering

    userBy userJanuary 6, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    (Bloomberg) — Mexico is kicking off Latin America sovereign bond offerings for 2025 with a record deal, in the first issuance of President Claudia Sheinbaum’s administration.

    Most Read from Bloomberg

    The country is seeking to raise $8.5 billion with the sale of bonds maturing in 2030, 2037 and 2055, according to people familiar with the matter. The sale is expected to price Monday, the people said, asking not to be identified discussing a private matter.

    The bonds may yield around 170, 230 and 255 basis points over Treasuries, respectively, said the people, as pricing tightened from initial guidance.

    It was the second high profile sale in developing nations of the day: Saudi Arabia, one of the largest bond issuers in emerging markets last year, is also selling eurobonds in a three-tranche transaction.

    “The floodgates are open,” said Guido Chamorro, co-head of emerging-market hard-currency debt at Pictet Asset Management in London. Mexico has “large funding needs and it makes sense to issue before the new US administration takes office.”

    The sale comes after Mexican lawmakers passed a budget bill last month that seeks to reduce a fiscal deficit while also maintaining support to state oil driller Petroleos Mexicanos. BofA Securities, Goldman Sachs, JPMorgan, Scotiabank and SMBC Nikko are handling the deal, the filing says.

    Trump Toll

    Mexican assets took a hit last year after an overhaul of the judicial system spooked investors and as US President-elect Donald Trump vowed to impose steep tariffs on all of the country’s products. Mexico’s dollar debt handed investors an average loss of 3% in 2024, compared to a 7.3% gain in an index of developing-world peers, data compiled by Bloomberg show.

    Sheinbaum, who spoke to Trump in a November phone call, said she’s convinced a deal will be reached to avoid levies. On Monday, emerging-market assets climbed after the Washington Post reported Trump’s aides are discussing tariffs that would be applied only to “critical imports,” fueling bets that his tariff plans will be more targeted than previously expected.

    Mexico last sold dollar-denominated bonds about a year ago in a record transaction that raised a total of $7.5 billion. The nation, which traditionally taps global markets early in the year, also sold euro- and yen-denominated notes in January and August 2024, respectively.

    While the biggest underwriters of debt sales in Latin America are forecasting issuance will likely match the bonanza of last year, questions over the Federal Reserve’s interest-rate cuts, Trump’s return to the White House and concerns over China’s economy — plus local political risks — pose challenges to the outlook.

    (Updates with deal being launched starting in headline.)

    Most Read from Bloomberg Businessweek

    ©2025 Bloomberg L.P.



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleRBI tightens personal loan rules: Credit scores now updated within 15 days
    Next Article Past climate shifts altered Southern Ocean currents and carbon exchange: Study warns it may be happening again
    user
    • Website

    Related Posts

    My Predictions for Inflation Under President Trump

    June 8, 2025

    ‘Most unloved bonds’ turn routine US auction into crucial test

    June 8, 2025

    How this affects us – Twin Cities

    June 8, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d