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Mexico places $2 billion biggest-ever bond in euros

Wednesday, April 10, 2013

Mexico placed a 1.6 billion euro ($2.09 billion) bond on Tuesday, securing its biggest-ever issue in the euro currency as well as a record low yield, the finance ministry said.

"It will be a very important benchmark," Alejandro Diaz de Leon, the head of the Finance Ministry's debt office, told Reuters after the issue, Mexico's first in euros since mid-2010.

The 10-year bond with a coupon of 2.75 percent priced with a yield of 2.81 percent, and saw 2.8 times the demand of the amount on offer, the Finance Ministry said in a statement.

Source: Reuters