Mexico City.- The Government of Mexico announced this Wednesday a refinancing of the external debt that matures in 2025 for 894 million dollars, with a view to giving “greater flexibility to the next Administration” in its first year of management.
The Ministry of Finance (SHCP) reported in a statement that on the day it began an “early maturity process” of a bond that matures in April 2025, for the aforementioned amount.
“This is the third bond maturing in 2025 that is settled with this mechanism, refinancing a total of almost 4 billion dollars in maturities scheduled for the first year of Government of the next Administration,” mentioned the Treasury.
Minutes earlier, the Undersecretary of the Treasury, Gabriel Yorio, reported on the start of refinancing operations for the 2025 external and internal debt, without revealing further details.
“This morning we began an operation in the New York market to reduce 100 percent of the 2025 external debt payments, providing greater financial flexibility to the next Administration. Additionally, we announced a debt refinancing in the local market to also reduce the debt in 2025 pesos,” he said in his X account.
“In these six years, we have refinanced more than 15 billion dollars, and we are going to monitor the markets to continue with financial operations that benefit liquidity,” he added.
With information from Reuters
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