Mexico sells historic century bond of 1.5 million euros

Mexico has sold its first euro-denominated “century” bond, affirming its status as one of the developing world’s most favoured sovereign borrowers and swelling the issuance of world debt that will not be paid back for generations.

The €1.5bn deal was priced at a yield of just 4.2 per cent, down from initial pricing talks of around 4.5 per cent — but still an attractive proposition at a time when large swaths of the global government bond market offer sub-zero yields.




Source: Financial Times