Mexico City.- The Ministry of Finance reported on Wednesday of its first placement of federal government development bonds (Bondes G) in the local debt market for 28,000 million pesos with the aim of financing sustainable and transparent projects.
The issuance is part of the Government’s sustainable financing strategy that promotes the allocation of funds to sectors such as education, health, agriculture, forest conservation, biodiversity and sustainable infrastructure, said Hacienda in a statement.
“Bondes G are referenced to the TIIE (Balance Interbank Interest Rate) of anchoring one day, which allows participants to have a reference that guarantees a rate close to risk free, in line with the best practices international; In turn, they are aligned with the Federal Public Debt Law and the indebtedness limits established by the Mexican Congress, ”he explained in the note.
The placement included 9,055 million pesos to two years with a surcharge of 0.1294%, 10,000 million pesos to 3.7 years with a surcharge of 0.1739%, and 8,945 million pesos to five years with a surcharge of 0.1929%.
Lee: Mexico’s public debt in 2024 rises to 51.7% of GDP
The high demand reached 106,268 million pesos, equivalent to 3.8 times the amount placed, reflecting the confidence of investors in sustainable instruments.
Around 32 national and two international investors participated in the auction, including insurers, banks, stock market houses and investment funds.
In addition, the Treasury reported that the assignment and impact report, where the use of resources will be detailed, will be published in the second half of 2026.
With EFE information
Follow us on Google News to always keep you informed
