The government of Andrés Manuel López Obrador reduced this year’s debt repayments through a new swap of securities in the local market, reported the Ministry of Finance and Public Credit (SHCP).
The operation consisted of the cancellation of debt through the repurchase, at market interest rates, of Bonos M and Udibonos, with maturities between 2022 and 2026, for an amount of 15,416 million pesos (mp).
This operation was open to cross-exchange between nominal fixed rate and real fixed rate instruments. In total, the demand for the operation was 26,603 million pesos.
With this transaction, the Treasury detailed, the amortizations of the federal government for this year in the local debt market were reduced by 7,226 million pesos.
The agency, headed by Rogelio Ramírez de la O, indicated that it sought to optimize the maturity profile of domestic debt, as well as allow government debt holders to recalibrate their portfolios.
“(The above) in response to changes in expectations of monetary policy and inflation, both locally and internationally, with the aim of helping to preserve the proper functioning of the local debt market,” he added.
On the other hand, the Treasury reported that Mexico was internationally recognized with two awards for public debt management and refinancing.
The first of them was the “Market Niche Bond”, by International Financing Review, while the second was for “Innovation in the Use of Resources (sustainability)”, awarded by Environmental Finance.
In this way, Mexico has eight recognitions for debt management in the last three years.