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Mexico completes financing with samurai bonds

Friday, June 10, 2016

The Mexican government wrapped up its foreign financing needs for 2016 with the sale of about $1.25 billion in yen-denominated Samurai bonds, the Finance Ministry said on Thursday.

Despite volatility in international financial markets, the bonds were well received and had an interest rate that was the lowest for any issuance by the Mexican government, the ministry said. Demand among 190 investors was 1.3 times the 135 billion yens issued.

Source: Wall Street Journal