Mexico City.- Mexico refinanced 74,856 million pesos (about 3,950 million dollars) of local debt through the repurchase of instruments with maturities between 2024 and 2031, reported the Ministry of Finance and Public Credit (SHCP), according to information published by the news agency Reuters.
The agency explained that the above is intended to reduce liquidity pressures by reducing amortizations.
The transaction had a demand of 88,371 million pesos, the Treasury added in a statement, after pointing out that it is the sixth debt exchange operation in the local market during 2024.
Of the refinanced amount, 33.4 billion pesos were scheduled to mature this year, the Treasury said.
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