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The United Mexican State (“Mexico“) announced the results of the tender offer of its notes yesterday. The tender was launched alongside with the new dollar bond deals on 23 June and expired the same day. Bondholders of certain securities were offered the opportunity to “switch” into a specified series of new bonds by submitting an indication of interest concurrently with their tender. The settlement of the tender offer is scheduled to occur today on 25 June. The tender offer resulted in the repurchase of approximately $2.5bn in principal amount of outstanding securities across nine series. It purchased back the following series of notes:
Mexico’s dollar bonds traded stable with its 4.15% 2027s at 99.6, yielding 4.1%.
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